Everlight, LG, and Amtran form LED packaging joint venture
Jun 10, 2010 Everlight Electronics has announced its intention to launch a new company focused on LEDs for TV backlights with partners LG Display and Amtran Technology. The joint venture will be capitalized with $30 million, will be based in WeJiang City, JiangSu Province, China, and plans to start mass production by year's end.
The joint venture will enter the LED backlight market at a time of high demand. Just last week, analyst iSuppli reaffirmed its belief that a shortage of LEDs for TV applications would persist through this year. The firm projects shipment of large-sized LCD panels with LED backlights to reach 276.7 million this year with the number growing to 477.6 million units in 2011 and 817.9 million units by 2014.
Author: BIO T&T
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