Epistar and Everlight Revenues Slide in February

News Source: 
UDN

Leading Taiwanese LED manufacturers Epistar and Everlight reported declining revenues in February 2015, according to a report from CNA.

Everlight reported revenues declined 13.28% Month-on-Month to NT $2.20 billion in February. The company’s revenue, however, was up 16.8% in 2015 compared to a year earlier. The company’s total revenue increased 18.76% Year-on-Year (YoY) from January to February to reach NT $4.74 billion.

Everlight’s diminished revenues was caused by fewer workdays in February, due to the Chinese Lunar New Year holidays and 228 Peace Memorial Day. However, the company expects revenues to rebound in March, and financial institutes also estimate better revenues this month.

LED chip maker Epistar reported its revenue fell 22.83% in February compared to a month earlier to NT $1.86 billion. Compared to the same period in 2014, the company’s revenue was down 9.04%. The company also attributed to the revenue drop to shorter work days in February, but projects growth momentum to spring back in March.

Emergency orders in January pushed up Epistar’s revenue by 20% that month, and the company has stocked up epiwafers in February to meet March demands. The company’s utilization rates are estimated to rebound to above 70% in March.

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<
Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.

Tokushima, Japan – 17 June 2022: Nichia, the world’s largest LED manufacturer and inventor of high-brightness blue and white LEDs, announces the addition of the Direct Mountable Chip Series (Part Number: NVSWE21A-V1) to the portfol... READ MORE

DURHAM, N.C.--(BUSINESS WIRE)--Cree LED, an SGH company (Nasdaq: SGH), announced today the launch of XLamp® Element G LEDs, delivering a new product class with unmatched light output and efficiency for LEDs of this size. The... READ MORE