San’an Optoelectronics (San’an Opto) announced the joint venture with Seoul Semiconductor and Seoul Viosys (Viosys) on April 10th 2014. San’an Opto holds the largest share in the venture with 49 percent, investing around US $980,000. Seoul Semiconductor has a 25 percent share with US$ 500,000 investment, while Viosys holds 26 percent with a US$ 520,000 investment. The joint venture will cover areas including design, R&D, production, LED product sales, and provide related services. 

As LED enters conventional peak season in March it will initiate the LED lighting cycle, with demands estimated to return to peak heights in 2010, according to latest research by Guotai Junan Securities. The Chinese financial institute projected sapphire substrate prices will continue its upward climb in 2014 and enter the big LED trend.

Honglitronic’s LED packaged products, mostly used in lighting applications, are being produced at 750KK to 800KK per month, said a member from the company’s Securities Department. Those in the industry believe the LED manufacturer’s profits will surface at the end of 2014.