Shares of GT Solar International Inc. have climbed more than ten per cent, Bloomberg reports.
This comes after the firm reported a nearly $219 million order to supply production equipment to a Chinese company entering the market for light-emitting diodes, or LEDs.
According to GT Solar, the order for its sapphire crystallization furnaces is from Guizhou Haotian Optoelectronics Technology Co.
Guizhou plans to use the equipment as it launches operations to manufacture sapphire and other crystalline products used in LEDs.
It has been confirmed that the order will be included in GT Solar's backlog for its current fiscal second quarter.
Meanwhile, ON Semiconductor has revealed a single channel LED driver tuned for low power applications, electronicsweekly.com reports.
Using a patented architecture and integrating fault protection and fault diagnostics, the CAT366T is able to drive a single LED backlight with a current of up to 5mA.
Posted by Andre Dixon