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Photonic shows slated to attract US$2 billion

Photonic shows slated to attract US$2 billion

The annual Photonics Festival in Taiwan is again joining hands this year with Display Taiwan, a panel-display fair, to showcase the country's most advanced photonics products at an event that has projected business opportunities of US$2 billion (NT$60.8 billion).
"For the past 25 years Taiwan has been developing photonics products such as panel displays and LED products," Peter T.C. Shih, the founder of the Photonics Industry & Technology Development Association (PIDA), said at a pre-event press conference Monday.
The PIDA is organizing the Photonics Festival in Taiwan, which will be held in conjunction with the tenth Display Taiwan at Taipei World Trade Center Exhibition Hall 1 June 11-13.
The combined show, which will feature the latest technology in panel displays, lasers, LEDs, optics, optoelectronics, fiber communications and solar energy, is expected to attract a record 30,000 visitors. Some 525 manufacturers from 12 countries are expected to display their products at 1,360 booths -- all record breaking numbers.
Stressing that power-saving and environmentally friendly products are the major attractions this year, Shih made special mention of the potential of solar power as an alternative energy source in the face of the global shortage of fossil fuels.
Touching on LED lighting, Shih said the China market is growing, as the Beijing government is planning to replace all of the country's street lights with LED bulbs, which Shih said consume only 10 percent of the electricity used by normal light bulbs.
Chang Li, Deputy Secretarial General of the Overseas Division of Taipei Computer Association (TCA), said at the press conference that panel displays are the mainstay of Taiwan's photonics industry, as they generated NT$1.6 trillion in production value in 2007 -- a major share of the photonics industry's 2007 overall production value of NT$2 trillion.
"The world-leading status of Taiwanese photonics companies like AU optics and Chi Mei Optoelectronics indicates the future landscape of Taiwan’s high-tech industry," Chang said, adding that Taiwan's panel display industry is gaining 15-20 percent production value annually.
According to the PIDA, the production value of the country's panel displays will reach NT$1.8 trillion in 2008.
The joint shows are estimated to produce roughly US$2 billion from business transactions and follow-up business opportunities, the
PIDA said.
According to TAITRA, over 3,000 overseas buyers from countries such as Turkey, Egypt, Spain, China and Japan will explore the business deals and hold one-on-one procurement meetings with manufacturers' representatives.
Some of the 60-plus events to be held at the trade shows include scores of seminars led by 88 local and foreign scholars and experts.
The organizing team is drawn from Taiwan External Trade Development Council (TAITRA), TCA, PIDA, and Semi Taiwan, which is a local branch of the global think tank, Semiconductor Equipment and Materials International.
Since 1999, Display Taiwan has been part of the Photonics Festival, which encompasses four different shows, including the International Optoelectronics Exposition that is now in its 17th year.