PHILPS to build LED plant in Singapore

PHILPS Electronics announced that it would set up factories in Singapore, 07 years is expected to start production in the first quarter, the production of 2 thousand wafers per month, used to manufacture LED, will be packaged in northern Penang, Malaysia. Expected to double production capacity of LED by the end of 07. Production of LED will be used for mobile phone camera flash and LCD display and other products. But PHILPS declined to a total investment of this plant revealed.

As early as in the late 05 years, PHILPS has already begun to shift toward higher profits, less affected by the recession, the rapid growth of the market turmoil on the LED, in November 05, PHILPS spent $950 million to buy 47% from the hands of Agilent Lumileds Lighting stake, PHILPS shares in the world's largest high power LED manufacturers increased to 96.5%.