“The near-term demand from the LED market continues to be limited, as inventory adjusts throughout the supply chain, but orders for two-inch and four-inch cores have begun to recover somewhat in the first quarter of 2012, and demand for large-diameter wafers for the Silicon on Sapphire (SoS) RFIC market is growing. As the channel inventory situation improves, and as LED technology further penetrates both the backlighting market and the general lighting market, we expect significant strengthening of the market for sapphire substrates later this year,” he said.“We remain optimistic on the long-term outlook for the LED market and Rubicon’s positioning to capitalize on the opportunity. To date, Rubicon has shipped more than 230,000 six-inch sapphire wafers to the LED manufacturing and RFIC industries. This has provided us with the experience and scale to drive process and cost efficiencies throughout our system while maintaining our industry leading quality and service. Cost and quality leadership are instrumental to the acceleration of LED adoption in the marketplace and, as such, are strategic priorities for Rubicon,” Mr. Parvez concluded. About Rubicon Technology, Inc. Rubicon Technology, Inc. is an advanced electronic materials provider that is engaged in developing, manufacturing and selling monocrystalline sapphire and other crystalline products for light-emitting diodes (LEDs), radio frequency integrated circuits (RFICs), blue laser diodes, optoelectronics and other optical applications. The Company applies its proprietary crystal growth technology to produce very high-quality sapphire in a form that allows for volume production of various sizes and orientations of substrates and windows. Rubicon is a vertically-integrated manufacturer with capabilities in crystal growth, high precision core drilling, wafer slicing, surface lapping, large-diameter polishing and wafer cleaning processes, which the Company employs to convert the bulk crystal into products with the quality and precision specified by its customers. The Company is the world leader in larger diameter products to support next-generation LED, RFIC and optical window applications.
Further information is available at www.rubicon-es2.com.