2018-10-24

Innolux Restructures Organization and Sets up Micro LED Business Unit

Taiwanese panel producer Innolux has announced the restructuring of the company’s organization. Robert Shiao, the prior president of the company, has become Vice Chairman. James Yang was promoted as President from Vice President and will oversee the business unit, operation unit and manufacturer unit of Innolux. According to Jim Hung, Chairman of Innolux, the new management team would strengthen the flexibility and competitiveness of the company.
Continue reading
2018-10-08

Epistar Announces Revenue Growth with Sales of LED Backlight and Fine Pitch Products

With the orders of backlight products and fine pitch displays, Epistar has reached the highest monthly revenue of NT$ 1.93 billion (US$ 62.38 million) of the year in September with an increase of 1.36% MoM and a decrease of 22% YoY. 
Continue reading
2018-10-08

Lextar Continues Product Adjustments and New Technology Developments

Lextar has reported revenue drop in September due to its continuous product adjustments. The company registered a revenue of NT$ 98 million (US$ 3.17 million) for September with a decrease of 6.7% YoY. 
Continue reading
2018-09-12

Laster Tech Reports Prosperous Automotive Lighting Shipment

Automotive LED lighting module producer Laster Tech has reported continuous shipment of its automotive lighting modules even during the off-peak season for automakers. The company has registered a revenue of NT$ 359 million (US$ 11.64 million) for August with an increase of 17.15% YoY and 0.13% MoM. 
Continue reading
2018-09-11

Everlight Announces Revenue Boost and Prepares for the Peak Quarter

LED packaging company Everlight has announced revenue of NT$2.21 billion (US$ 71.69 million) for August, up by 9.26% MoM and down by 5.83% YoY. 
Continue reading
2018-09-10

The Deficit of LED Lighting Pushes International Brands to Cut off Their Lighting Business

The market scale of LED lighting has continued to grow with the driving forces from the emerging market and the transition of traditional lighting to LED lighting. The expanding market has attracted many companies to join, leading to escalating competition and sliding profit. Many LED companies have thus decided to quit their lighting business or to reorganize their strategies. 
Continue reading
2018-08-17

EOI Reports Strong Growth of LED Auto Lamp Orders

Taiwan-based LED auto lamp modules and components manufacturer EOI (Excellence Optoelectronics Inc) has reported high profit margin for 1H18 which was pushed by the strong demands of LED automotive lamps in the North American market.
Continue reading
2018-08-13

Innolux Warms up for the Peak Quarter

Innolux, the Taiwanese panel maker, has announced a revenue for July of NT$ 25.2 billion (US$ 819.58 million) with an increase of 1.6% MoM and a decrease of 0.8% YoY. 
Continue reading
2018-08-13

Epistar Reports Lukewarm Revenue due to Inventory

In the beginning of 3Q18, Epistar’s revenue report did not match its expectation. The company registered a revenue of NT$ 1.81 billion (US$ 58.87 million) for July, down by 0.1% MoM and 19.36% YoY.
Continue reading
2018-08-10

Lextar Announces Revenue Lift for 2Q18

Lextar reported its financial report for the second quarter of 2018 with a consolidated revenue of NT$ 2.98 billion (US$ 97.24 million), up by 12.6% QoQ. The net profit came to NT$ 50 million (US$ 1.63 million). For the first half of the year, the revenue was NT$ 5.63 billion (US$ 183.71 million) with a decrease of 8.8 YoY, while the net profit dropped by 75.5% to NT$ 12 million (US$ 391,572). 
Continue reading
2018-08-10

Tariff War Leads to Tepid Orders for Macroblock

LED IC driver manufacturer Macroblock registered a revenue of NT$ 245 million (US$ 7.99 million) for July, down by 9.97% MoM, which was not in line with the expectation of the peak quarter. Macroblock indicated that the trade war between the U.S. and China has impacts on the company’s orders.
Continue reading
2018-08-10

Laster Tech Sees Continuous Growth of its Automotive LED Module

Automotive LED module producer Laster Tech has registered a revenue of NT$ 358 million (US$ 11.68 million), up by 45.82% YoY, hitting record high levels. 
Continue reading
2018-08-09

Magna Lowers Its Production Forecast for Tariff

Canadian automotive components supplier Magna has reported its net income of the second quarter with a growth of 13% YoY to US$636 million. Despite the growth, the company has adjusted its outlook for 2018 in response to tariffs. 
Continue reading
2018-08-09

AUO Boosts Its Revenue in July with Panel Price Bounce Back

During the second quarter of this year, many panel producers reported profit drop due to oversupply. However, as the third quarter began, AUO has announced its increased revenue for July with panel price bouncing back and rising shipments. 
Continue reading
2018-08-08

Lextar Reduces Lighting Products and Upgrades Portfolio

LED vertical integration manufacturer Lextar Electronics registered a revenue of NT$ 950 million (US$ 31 million) for July, up by 4.3% MoM and down by 15% YoY. The company said it has adjusted its product portfolio by radically reducing the share of general lighting products and targeting customized LED lighting modules and high power LED for special applications.
Continue reading
2018-08-08

U.S. LED Lighting Providers Orion Lighting and Revolution Lighting Reports Optimistic Market Outlook

Lighting companies have released updates about their financial results and reported their outlook for the second half of 2018.
Continue reading
2018-08-06

Financial and Business Updates from Companies in Europe and the U.S.

In the past few weeks, the LED industry has been active with several worldwide leading brands reporting their financial results of the second quarter and the first half of 2018 as well as big names announcing news of company reconstruction. LEDinside highlights the news for our readers to quickly follow up the industry updates. 
Continue reading
2018-08-06

Wistron Invests in the Private Placement Issued by Unity Opto

Unity Opto, a Taiwan-based LED packaging company, has announced the issuance of up to 120 million shares for private placement as approved by its shareholders to introduce strategic partners. The Taiwanese OEM Wistron, reported its investment in Unity Opto through its subsidiary, ArFlex.
Continue reading
2018-08-03

Panel Makers Face Impacts of Price Drop

Panel makers in Asia have been struggling with the oversupply of LCD products and have reported profit drop in the second quarter of 2018 compared to last quarter and last year. 
Continue reading
2018-08-02

Samsung Electronics Reports 2Q18 Financial Results with Lukewarm Demands of Smartphones and Display Panels

Samsung Electronics announced its financial result for the second quarter of 2018 at KRW 58.48 trillion (US$ 52.05 billion) with a decrease of 4% YoY. The operating profit was KRW 14.87 trillion (US$ 13.23 billion), up by 6% YoY.
Continue reading
2018-07-31

Aixtron Increases Order Guidance with the Strong Demands of MOCVD

The German semiconductor equipment maker Aixtron has reported its financial results for the second quarter and the first half of 2018 and revealed that its MOCVD systems for laser and red-orange-yellow (ROY) LED applications have created significant contributions to the sales growth. 
Continue reading
2018-06-21

Innolux together with Foxconn Buy Shares in Vizio to Boost in Penal Market

Foxconn Technology Group and its subsidiary Innolux will buy stakes in Vizio, the U.S. based television brand as the group’s strategy to expand market in North America. 
Continue reading
2018-05-15

Philips Lighting Completes Cancellation of 2.2 Million Shares

Philips Lighting has completed the cancellation of 2.2 million shares that it repurchased from Royal Philips in February 2018 for an aggregate amount of EUR 71 million.
Continue reading
2018-05-08

Philips Lighting Share Repurchase Periodic Update

Philips Lighting announced that it has repurchased 154,000 shares in the period May 2, 2018 to May 4, 2018. The shares were repurchased at an average price of EUR 26.54 per share and an aggregate amount of EUR 4.09 million.
Continue reading
2018-05-07

Universal Display Corporation Announces First Quarter 2018 Financial Results

Universal Display Corporation reported financial results for the first quarter ended March 31, 2018. It also announced that its Board of Directors approved a second quarter cash dividend of $0.06 per share on the Company's common stock.
Continue reading
2018-05-03

Osram Accelerates Its Technological Shift and Explores Future Markets

“The first half of the fiscal year was challenging due to various factors. However, the long-term growth trend remains intact, while the reorganization and the technological shift are continuing,” said Olaf Berlien, CEO of OSRAM Licht AG.
Continue reading
2018-05-02

Philips Lighting Starts Share Repurchase Program of Up to 1.5 Million Shares to Cover Performance Share Plans

Philips Lighting announced the start of a program to repurchase up to 1.5 million of its own shares. Philips Lighting will use the shares to cover obligations arising from its long-term incentive performance share plan and other employee share plans.
Continue reading
2018-05-02

Seoul Semiconductor Achieves USD 263 Million Revenues for 1Q18 Due to Strong Automotive Lighting Sales

Seoul Semiconductor on April 30 announced consolidated first-quarter revenues of Korean won (KrW) 283.0 billion (USD 263 million). The rise in consolidated revenue came from strong sales in general lighting, especially from the automotive lighting segment and strength across all application segments, with the IT division delivering high single digit growth YoY. The results fall within the company’s guided KrW 270 billion and KrW 290 billion for the quarter.
Continue reading
2018-04-29

Samsung Electronics Expects OLED Panel Sales to Increase in 2Q18

Samsung Electronics posted KRW 60.56 trillion in consolidated revenue and KRW 15.64 trillion in operating profit for the first quarter of 2018.
Continue reading
2018-04-29

Philips Lighting’s First Quarter Results 2018

Philips Lighting announced the company’s 2018 first quarter results. “As previously indicated, the first quarter marks a soft start to the year, mainly due to a weak performance in Home, most notably in the United States. Our other three businesses further improved their operational profitability, particularly Professional which increased its adjusted EBITA margin by 310 basis points,” said Eric Rondolat, CEO of Philips Lighting. “I am pleased with the progress made on the cost side with a 13% reduction in our indirect cost base, and with our free cash flow performance after a strong fourth quarter. Our focus remains on implementing our strategy toward the shift to LED, Systems & Services.”
Continue reading

Nichia’s Tunable 757 receives rave reviews from industry leaders, including the coveted LpS Best Sustainability Technology Award. Nichia, the leader in and inventor of the high-brightness LED, announced its game-changing single LES, tuna... READ MORE

Innovative tunable white, mid-power LED enables luminaire manufacturers to improve colour tuning, shrink optics and fixture profiles, while enabling new design options. Nichia, the leader in and inventor of the high-brightness LED, announces i... READ MORE