Tera Xtal to Set Up Crystal-Growing and Substrate Plants in China in 1Q12

Recently, Chien Fu Shieh, the Chairman of LED sapphire substrate manufacturer Tera Xtal(4969), revealed that the company plans to establish crystal-growing and substrate plants in China. The plan will be carried out in 1Q12 at the soonest.

Shieh pointed out that LCD TV’s weak demand caused a steep drop in the prices of sapphire ingot and substrate. However, after its August revenue hit a low of NT$ 105 million, Tera Xtal managed to bounce back and increase the revenues in September and October to NT$ 110 million and NT$ 113 million, respectively. Although it is still an underperformance compared to the average monthly revenue (NT$ 250-280 million) in 1H11, it indicates signs of rebound.

At present, even though orders of LED backlight for LCD TV start to pick up, 2-inch sapphire substrate price dips from US$ 10 (NT$ 300) in October to US$ 8 (NT$ 240) in November.

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