Formosa Epitaxy schedules to expand its LED capacity from 43 MOCVD sets to 81 by the end of 2010.

It will raise the capital by issuing up to 150 million shares with a view to a target of around US$ 162.6 million. Before the decision is made, a eholders meeting on
Financial options is going to be hold. And the new developments is planned to take place in Taiwan and China.

For the company, there are many chances developing in Asia, such as the Chinese plan to move to LED street lighting and provide subsidies to help the process.

In its opinion, whether subsidies develop or not, street lighting will be a major opportunity for LED makers. With growing demands in Japan, South Korea, China and Taiwan, the firm is confident with its new capacity.