MITSUBISHI chemical mergers and acquisitions MITSUBISHI cable near ultraviolet LED sector

According to Nikkei reports, Japan Tokyo MITSUBISHI chemical (Mitsubishi Chemical Corp) will be at the end of March 2008 to spend 1 billion 500 million yen ($13 million 900 thousand) acquisition of MITSUBISHI (Mitsubishi Cable Industries Ltd cable industry) near ultraviolet (near-ultraviolet) LED departments, including the production of chips of all equipment and technology. MITSUBISHI cable in Amagasaki (Amagasaki, Hyogo, Prefecture) in the near ultraviolet LED production will be moved to the MITSUBISHI chemical in the county of Ibaraki (Ushiku Ibaraki Prefecture) factory. MITSUBISHI expects LCD panel and lighting near UV LED demand will increase significantly.

Source: China Semiconductor Lighting Network