Epistar Merges Its Subsidiaries and Lextar Pushes New Products Development in 4Q18

The fourth quarter is usually the low season in the LED industry. As business growth slows down, LED producer Epistar has announced plans to restructure the company to efficiently manage resources for reducing operation cost. Meanwhile, Lextar has speeded up the process of product development for new applications.

Epistar has announced the merger of four of its subsidiaries including Epistar JV Holding (BVI), UEC Investment, HUGA Holding (BVI) and Bee Rich Corporation. The goal of the merge is to productively distribute the resources of the company and restructure the organization to cut down management cost.

This year has been a tough year for Epistar with the intense competition in the industry as well as the impacts brought by the trade war. To cope with the uncertain environment, Epistar has continually restructured its organization. The company has also spun off its business of VCSEL and Mini LED module into two subsidiaries before the announcement of merging.

Lextar has posted its October revenue of NT$ 880 million (US$28.61 million), which has decreased by 10.2% MoM and 6.4% YoY. Early shipment of the company’s lighting products has led to the revenue drop in October, said the company.

Lextar has been pushing the development of new products for novel applications to follow the market dynamic. The company has introduced a Mini LED tail lamp module, I- Mini for automotive applications. Lextar will join Electronica 2018 in Munich during November 13th to 16th to showcase its various applications with its products including automotive lighting, 3D sensing and UV LED sterilization.

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