China-based Fujian Grand Chip Investment Fund (FGC) offered to buy Aixtron for €670 million ($750 million). The German production equipment maker agreed to the offer - but it still requires shareholder and regulatory approval.

Aixtron is offering OVPD deposition equipment (developed originally by Universal Display, and licensed exclusively to Aixtron) that, according to the company, offers an optimized and efficient deposition with very short cycle times compared to conventional VTE systems - which should lead to drastically reduced OLED production costs. Recently Aixtron announced that it's new Gen-8.5 OVPD demonstrator system is now available for initial customer tests.