It is rumored that Genesis Photonics would cooperate with china's Potevio Group soon in order to ensure orders from the China market.
Potevio which was a China-based state-owned business conglomerate, previously formed a LED lighting joint venture with Taiwan's Unity Opto Technology through its subsidiary in 2009. In 2010 the company also signed a cooperation agreement with power supply maker ENG Technology, which produced LED lighting products as well, promising orders worth US$100 million.
Genesis was quite active in the LED backlight and lighting markets in 2010, expanding manufacturing capacity in both Taiwan and China. Genesis' LED epitaxial wafer joint venture with China's Kunshan city government would go online in3Q11 and would initially be equipped with 50 MOCVD sets. Its second plant in Tainan, Taiwan also added 20 new MOCVD sets, bringing total capacity in Tainan to about 55 sets.
If the two companies would cooperate indeed, it’s good to Genesis’ expanding .
