Genesis Photonics leads Taiwan`s LED industry for Q2, 2008

According to company sources, the Taiwan-based Genesis Photonics Inc., a upstream supplier of epitaxial wafers for LED, scored EPS of NT$1.67 in the second quarter of 2008, with a gross profit rate of 45%, as No. 1 supplier of this kind on the island.

At the same time, Everlight Electronics Co., Ltd. came second in terms of EPS in the second quarter of this year. while I-Chiun Precision Industry Co., Ltd. saw its net profits shoot up 70% from the first quarter to NT$140 million in the second quarter of this year, ranking as No. 3 with EPS of NT$1.4.

Genesis noted that its sales revenue for the second quarter grew 30% from the first quarter, and is expected to continue hitting new highs in the third quarter. The firm now runs at full capacity of 40,000 units of epitaxial wafers per month. Compared with most Taiwanese LED makers that suffered sales declines in June due mainly to sluggish demand for mobile phones, Genesis, however, surprisingly saw its June revenue hit a new single-month record of NT$133 million. Genesis’ cutting-edge production capability of green LEDs and strong shipment of LED chips for outdoor LED displays make it comparatively impervious to recessions in the mobile phone market.

On the other hand, I-Chiun, having gradually raised quotations of its lead frames for visible LEDs since this April, effectively pushed up its gross profit rates by 3 percentage points to 22% for the second quarter from the first quarter, and posted net profits of NT$140 million, sharply up 70% from NT$82 million posted a quarter earlier.

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