Upfrontcostsmakethem too expensive formostgenerallightingapplications, butexpertsexpect that to change over the nextfiveyears as prices come down and efficiencies goup.
We believe LED capital investments will return to solid growth in late 2013-2014, as generallightingapplications grow, and VECO should remain a leading supplier of LED process equipment.
Fab 15 will be TSMC's next "green fab" following Fab 12 and Fab 14, incorporating green concepts in energy conservation and pollution control in its design, including a process water conservation rate of 85%, reclamation of rainwater, recirculation and reuse of general exhaust heat, and development of solar power generation and LED lightingapplications.