Monocrystal announces full year results for 2016
Monocrystal announced its results for the full year ended December 31, 2016. Monocrystal once again successfully confirmed its position as a global technological leader. Monocrystal’s shipments into sapphire segment grew by 18% year-on-year. This translated into a dominant market share of 33% on sapphire for LED market.
Monocrystal achieves a momentous milestone: 5 million large diameter wafers
Monocrystal shipped its 5 millionth four-inch equivalent (FIE) sapphire wafer. Large diameter wafers have recently become a mainstream product, driven by LED makers’ immediate benefit from a 30% increase in MOCVD reactor throughput and higher binning yields. At the same time, sapphire wafer shape and cleanness are crucial in achieving high epitaxial yields and getting the benefits of using large diameters.
Russian President Vladimir Putin visits Monocrystal’s booth
the Agency for Strategic Initiatives (ASI) held a Forum and an Innovation Exhibition at the VDNH (the Exhibition of Achievements of National Economy) in Moscow. One of the largest expositions at the show was that of Monocrystal’s, which demonstrated sapphire epi-polished wafers for LEDs, sapphire screens for smartphones, and metallization pastes for solar cell manufacturing. The attendees and participants of the Forum were highly interested to see the world’s largest sapphire crystal, weighing 300 kg, which was displayed at Monocrystal’s booth.
Monocrystal’s exposition was visited by Russian President Vladimir Putin, who talked about the special importance in developing export-oriented companies. President Putin discussed the potential development of the global sapphire market with Monocrystal’s CEO, Oleg Kachalov. President Putin was interested in Monocrystal’s growth plans and wished for its continued success.