Recently, LED chipmaker Epistar decided to issue euro convertible bonds (ECBs) worth US$280 million, with using for paying back previous US dollar-based loans and for future equipment purchases.

Epistar noted, although it’s said LED industry would display over supply in 2011, the company remained optimistic about the future potential LED market growth, and was ready for capacity expansion for future demand.

In the LED lighting market, the company planed to expand its capacity to meet continuing growing demand.