LED company Youngtek's Q2 revenues reach NT$610.5 millions

According to company sources, Youngtek Electronics (YTEC), Taiwan LED sorting and semiconductor testing company, reported record second quarter revenues of NT$610.5 millions, up 30.2% compared to the first quarter.

It's reported that Youngtek's accumulated revenues for the first half of the year were NT$1.1 billion, up 43% on year, of which 47.8% came from IC testing, 42% came from LED sorting and 11% came from equipment sales. Youngtek's June revenues were NT$178.5 million, up 48% on year, but down 24% from NT$235 million in May. Youngtek pointed out that due to a weak LED peak season in the second quarter, its LED OEM utilization rate was about 60% in the second quarter, compared to a utilization rate for its IC testing business of over 80%.

Youngtek indicated that its June sorting amount reached one billion units, up 149.4% on year, Youngtek's total LED shipment in the first half of the year were 6.2 billion units, up 138% on year.

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