FitTech Expects Revenue Growth in 2021 with Booming Mini LED Applications

LED testing and sorting equipment manufacturer FitTech held investor conference yesterday (August 20, 2020) and announced that in order to meet the demand of Mini LED chip process from its clients, the company will expand its capacity in 4Q20. The expansion is expected to finish in the second quarter of 2021 and will be a major growing momentum for FitTech.


(Image: FitTech)

Being part of the Mini LED backlight technology supply chain, FitTech provides LED testing equipment for Epistar, who is known for the major Mini LED chip supplier for Apple’s Mini LED products. As Epistar aims to raise its Mini LED product shipment in the fourth quarter of 2020, its demands for chip testing surge.

As a result, FitTech is increasing its capacity to fulfill the needs of Epistar. Currently FitTech has about 200 units of testing tool with monthly capacity of 3 billion LED chips. The company aims to add up to 1000 units for the upcoming Mini LED waves and expect that revenue coming from the business will grow about two to three times more.

The business performance of FitTech was impacted by the COVID-19 pandemic as many of its LED clients postponed their original plan. FitTech sees that its revenue will reach the bottom in 3Q20 and bounce back in the fourth quarter of 2020. The company sees a bright future of Mini LED display and expects that related applications such as Mini LED backlit TVs will continue to boom driven by the trend led by leading brands.

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.

Nichia further demonstrates its commitment in UV-C LED technology with its release of the high output NC4U334BR. Tokushima, Japan — 6 October 2021: NICHIA, the world’s largest LED manufacturer and inventor of the high-brightness bl... READ MORE

With up to 2000lm per LED, LUXEON 7070 delivers the power, efficacy and solution cost reductions luminaire manufacturers need   San Jose, CA – August 31, 2021 – More lumens, higher efficacy, and lower system costs are the... READ MORE