The Electronics Materials Solutions division of industrial goods
) recently introduced a new LED (light emitting diode) chip
packaging substrate in order to lower the manufacturing cost of the
industry. With such innovative products, 3M aims to maintain its
competitive advantage worldwide and augment its overall revenues.
The new substrate, made of copper and polyimide, offers a viable
cost-effective alternative to ceramic substrates widely available
in the market. In addition, the product conforms to the electrical
and thermal performance requirements of high-power LED chips at a
reduced price. The substrate is offered in a tray and a reel format
and can be used with wire bond and flip chip connections.
The 3D LED chip packaging substrate can be easily assembled without
any adhesive, thereby avoiding potential thermal barrier or other
quality-control issues at higher temperatures. The product
leverages on over 40 years of experience of 3M in the circuit
industry and about 50 years of experience in light management to
offer low-cost reel-to-reel manufacturing with precision
3M, together with its subsidiaries, operates as a diversified
technology company with manufacturing operations spread over 70
countries. Portfolio management, investment in innovation, and
business transformation are the three key levers on which the
company intends to focus moving forward. 3M will also continue to
invest in capital expenditures and research and development to
support organic growth across the globe.
Despite a challenging macroeconomic environment, 3M expects
earnings in 2014 to be in the range of $7.30 to $7.55 per share
with organic local currency sales growth of 3% to 6%. We remain
encouraged with a steady stream of state-of-the-art products from
the company's stable and remain bullish on its guidance.
3M currently has a Zacks Rank #2 (Buy). Other stocks that look
promising and are worth considering include
Noble Group Ltd.
Icahn Enterprises, L.P.
), each carrying a Zacks Rank #1 (Strong Buy).
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