Thursday, September 17, 2009

Back to TSEM


I got burned once by TSEM but I am coming back asking for more. Tower has not only survived but it is thriving. I made a small purchase today.

I am fascinated by the 700V high voltage LED market. TOWER makes AC to DC conversion chips for next generation industrial LED lighting and the emerging large panel consumer LCDs. According to DisplayBank Co, the market for industrial LED lighting is estimated to grow from $700 million to $2 Billion in 2013. This high-voltage platform is ideal for large-sized blue LEDs for large panel LCDs which is a booming market, and is expected to grow from $41 million in 2007 to $7 Billion in 2013, a CAGR of 135%.

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