February 21, 2013
Shimon Dahan, CEO, RED Micro Wire (RMW)
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Shimon Dahan, CEO, RED Micro Wire (RMW)
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2012 has been a good year for RED
Micro Wire, and we expect 2013 to be even better.
In this past year, RED Micro Wire
won a Red Herring award, recognizing us as one of the top 100 most promising and
innovative technology companies in the world. During 2012 our engineers
prepared our unique, glass coated micro bonding wire, getting it ready for
release to customers in 2013.
In 2013, RED Micro Wire will begin
to ship our RED Copper wire, an enabling device that will resolve many of the issues
associated with wire bonding products used for the mass market such as cost,
oxidation and bondability.
Additionally, in traditional semiconductor packaging
markets where the trend toward miniaturization highlights the need for smaller bonding
wires, the RMW solution is able to scale down to 4 microns -- significantly
smaller than any current solution and eliminating scalability as a barrier. And
due to our unique manufacturing technology, RED Micro Wire's glass-insulated
bonding wire is the most price competitive solution available for the mass market.
In 2013, we expect to see
continued growth in consumption of units of wire as the semiconductor packaging
market continues to grow. And as such,
RED Micro Wire also expects to expand its headcount and add more engineering and
sales resources.
But RED Micro Wire is not only seeing
demand for our bonding wire in traditional semiconductor packaging markets, we've
also begun to expand into a new market – LEDs (light emitting diodes), which
also require micro bonding wire for manufacturing and packaging.
Yole Development
estimates that packaged LED revenue will reach a market size of $11.4 billion
in 2012 and will peak to $17.1 billion by 2018, according to their report, "Status
of the LED Industry," published in August 2012. Growth will be driven both by
the display (LCD TV) and general lighting applications as the market reaches massive
adoption of LEDs in lighting.
The adoption of LEDs for general
lighting applications strongly depends on technology and manufacturing
improvements, which will enhance performance and cost to hit a LED adoption
trigger point. Industry consensus points out a cost reduction per lumen of
packaged LEDs by a factor of 10X.
As in the semiconductor packaging
market, LED wires have also traditionally been gold, and a move to a less
costly wire material such as copper could reduce the cost of manufacturing and
help bring LED technology to the point where it is generally recognized as the
best solution for cost-effective lighting.
We've begun to meet with
world-leading companies in this industry, with the goal of establishing
collaboration programs with strategic OEMs and market leaders. This is an
exciting growth opportunity for us, which will support and accelerate adoption
of our RED wire and technology in these new applications.
Shimon Dahan, CEO
RED Micro Wire (RMW)
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