Sources from industry executives have released that Lite-On Group takes the place of Lextar as Philips contract supplier of LED lighting. It’s a huge order that Lite-On has won from international big name company since it entered into alliance with Epistar and mainland Chinese lighting fixture makers.
Under Philips contract, Lite-On will supply LED packages and modules, Epistar will provide chips and some mainland Chinese manufacturers will supply light fittings.
According to Lite-On executives, the company’s revenue for the second quarter would surge to double that of the same quarter last year largely thanks to brisk demands from contact buyers and smooth output at the company since beginning of the quarter.
Epistar’s production has been running at full capacity so far this month and will grow busier in July than June mostly thanks to swarming orders from mainland China’s lighting manufacturers pointed out by its executives.
Lextar executives said the company has recently cancelled some low-margin orders and declined to say whether Philips orders were among them. However, the company’s revenue for the first five months this year surged 14.24% year on year, to NT$3.8 billion (US$134 million).