Aixtron confirms positive expectations for LED breakthrough
During the recent months, the equipment manufacturer suffered a significant setback: In Q3 the company observed a steep decline in LED-related production equipment orders, in particular from Asian customers. Order entry fell by 77 percent. Equipment investment activities are regarded by many market watchers as an early indicator for downstream markets, in this case LEDs.
The current market weakness however left the Aixtron CEO unimpressed. "Nobody has any doubts that the next investment cycle for LED lighting is underway and that this cycle will offer the biggest market chance our industry has ever seen," Hyland said. "The question is not if LED lighting will prevail but when".
Hyland called the current downturn a "short-term challenge" which won’t change the company’s goals. He announced that the company will continue to invest heavily into R&D and said a broad range of new equipment developments is currently in Aixtron’s pipeline.
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