Lextar, a LED subsidiary of AU Optronics (AUO), has announced its merger with Wellypower, another AUO subsidiary. Lextar noted that demand for high-power chip-on-board (COB) products has been growing, hence 2012 COB packaging product shipments are likely to show 400-500% on-year growth. Market observers expect Lextar to report NT$600-700 million (US$20-24 million) for December revenues and sales in the first quarter of 2013 to be flat compared to the fourth quarter of 2012. The official merger date is set for February 1, 2013. Lextar stated that the LED ...