5 March 2018
Monocrystal delivers 55 million TIE sapphire substrates to LED market in 2017
© Semiconductor Today Magazine / Juno PublishiPicture: Disco’s DAL7440 KABRA laser saw.
Monocrystal Inc of Stavropol, Russia, which manufactures large-diameter synthetic sapphire substrates and ingots for LED, optical products and RFIC applications, says that 2017 was another year of sustainable growth after delivering 55 million two-inch equivalent (TIE) sapphire products to the LED market. This gives Monocrystal a 50% share of a 110 million TIE market in sapphire for LEDs, according to Yole Developpement’s report ‘Sapphire Market 2016 Substrates and Consumer Electronic Applications’.
“2017 was a year of rapid growth for the LED industry, and most of our clients significantly expanded their production,” notes Monocrystal’s CEO Oleg Kachalov. “Monocrystal successfully accomplished a challenging 70% capacity increase and provided all the requested volume to its customers. This contributes to a secure execution of our customers’ expansion plans, which is crucial for obtaining leading positions on the highly competitive LED market,” he adds.
“This year we will continue to build upon the momentum in the LED industry,” says VP sales Mikhail Berest. “For this purpose, we are planning to add 50% to our capacities,” he adds. “We are ready to help our customers meet their ambitious targets in 2018.”