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According to the company's plan, 30 MOCVD equipment will be purchased for high-power blue and green LED epitaxial wafers and chip development and manufacturing.
After the completion of the project, it can produce 1.4 million 2 inch LED epitaxial wafers and 16.8 billion chips per year, increasing the company's revenue by 1.2 billion and net profit of 230 million.
The company expects the project to be completed in 2012 and achieve 20% of capacity. In 2013, it will achieve 70% of capacity and will be fully operational in 2014. 
Aoyang Shunchang LED project will start production in 2012 at the earliest
[High-tech LED News] Aoyang Shunchang invested 1 billion yuan in the construction of LED projects, has completed the registration of the new company, the new company name is Jiangsu Aoyang Shunchang Photoelectric Technology Co., Ltd., with a registered capital of 250 million yuan.