Sapphire wafer orders recovery later market conditions improve

Light-emitting diode (LED) upstream material sapphire substrate supplier Rubicon Technology, Inc. CEO Raja Parvez 9 in the U.S. stock market after the close of a press release pointed out that the 2011 fourth quarter (October-December), facing the LED supply chain inventory the dilemma of excess, which also led to the limited demand for sapphire substrates, the pathway needs a temporary decline in the sapphire substrate prices also led to a sharp drop in the second half of 2011.However, Parvez said that the LED market in the near future demand will remain limited, the main cause of supply chain continued to adjust inventory, but the order of 2 inches with 4-inch wafer in the first quarter of 2012 has started to recover signs, while the sapphire substrate on silicon (Silicon on Sapphire) radio frequency integrated circuit (RFIC) market demand for large-size wafers is rising. In the state of the channel inventory improved, continue the LED backlighting and general lighting market penetration, the Rubicon is expected to sapphire substrate market improved significantly in 2012 or later.According to the news release, Rubicon has the largest customer for the large-size sapphire silicon wafer signed the latest contract, amounting to U.S. $ 20 million, this is the reference value of shipments for the period June 2012 to December 2012. The previous contract had been due by the end of December 2011.Parvez pointed out that the company are excited to be able to continue in 2012 to become the supplier of the 6-inch wafer customers; other LED chip manufacturers are turning to large-size substrate to enhance the efficiency of the occasion, the Rubicon is bound to benefit greatly. However, due to the LED chip capacity utilization has not yet reached the fully open state, large-size LED sapphire silicon wafer from the market conditions turning point there is still a good few months time.According to the press release, the 2011 fourth quarter during the Rubicon agreed to adjust the 6-inch wafer is about to expire contract selling price and the volume is mainly on account of current market conditions, but also to establish long-term supply relationships with key customers, while the Rubicon in charge As early as November 8, 2011 had referred to this situation. As a result, the Rubicon 2011 Q4 revenues are expected to be in the range between 1,900-2,000 Million U.S. dollars, lower than the previous estimate of 2,000-2,300 million U.S. dollars. Rubicon is scheduled to be released in February 23, complete financial results for Q4 2011.Rubicon 9 in the normal trading hours gained 5.18 percent, to close at $ 12.58, the highest since January 23 closing high; was down 0.64 percent, to $ 12.50 after-hours. The other LED stocks in the United States on the 9th synchronization Jin Young. LED upstream grain manufacturing maker Cree Inc. rose 4.41 percent, to close at $ 29.82, a record closing high since November 8, 2011. Metal organic chemical vapor deposition (MOCVD) equipment supplier Veeco Instruments (Veeco Instruments Inc.) was up 2.58 percent, to close at $ 28.28, the highest close since November 11, 2011, a new high.