2019-08-21

Cree Announces Fiscal 4Q19 and 2019 Financial Results with Increasing Wolfspeed Business

Cree posted financial results of its fourth quarter of fiscal 2019 and the whole fiscal year. For fiscal 4Q19 which ends on June 30, 2019, Cree registered a revenue of US$251.2 million for its fourth quarter of fiscal 2019, down by 5% YoY and 8% QoQ. GAAP net loss from continuing operations for the fourth quarter was US$34.6 million, or US$0.33 per diluted share. On a non-GAAP basis, net income from continuing operations for the fourth quarter of fiscal 2019 was US$11.5 million, or US$0.11 per diluted share, compared to non-GAAP net income from continuing o...
Continue reading
2019-08-13

Epistar Reports Revenue Increase with Rising Demands for Backlight Products in 2H19

As the industry enters high season, LED chip maker Epistar reported revenue increase with rising demands for consumer products. Epistar registered a revenue of NT$1.396 billion (US$44.32 million) in July, which reached a peak in the past three month with an on-month increase of 14.24%. For 2Q19, the company posted revenues of NT$ 4.027 billion (US$1.279 billion), dropped by 23.95%YoY and 7.3%QoQ. The company has been suffered from operation loss in the past few quarters with market uncertainty caused by the on-going trade dispute between the U.S. and China. D...
Continue reading
2019-08-07

VEECO 2Q19 Financial Results Revealed with Decrease in LED Product

US-based equipment provider VEECO reported its financial results of the second quarter of 2019. The company registered revenues of US$97.8 million, compared with US$157.8 million in 2Q18. VEECO said that its sales in the market of LED lighting, display and compound semiconductor were limited in the second quarter of 2019, taking 10% of the total revenue with US$ 9.69 million. However, VEECO underlined that it recently shipped an advanced MOCVD system to a leading compound semiconductor manufacturer who is piloting the system for ROY LEDs as well as ...
Continue reading
2019-08-05

Seoul Semiconductor Reports Stable 2Q19 Revenue and Ready to Showcase Micro LED

Seoul Semiconductor revealed its consolidated revenues of 2Q19 which came to KRW 283.3 billion (US$ 233.16 million), which has dropped by 2% YoY. The gross profit was KRW 69.3 billion (US$ 57.03 million) and operating profit was KRW 6.6 billion (US$ 5.43 million). The company said the business performance has achieved its guided range for revenues of the quarter. In comparison to other LED companies who have suffered from drastic decrease due to the weak market impacted by the US-China trade dispute, Seoul Semiconductor said it was able to achieve stable rev...
Continue reading
2019-07-31

Osram’s Fiscal 3Q19 Remains Weak and Managing Board Expects Shareholders to Accept Takeover Offer

Osram announced the financial results of fiscal 3Q19 which marked “no signs of business revival” for the company. The quarterly revenue dropped by 14.9% YoY to EUR 850 million (US$ 948.28 million). Its EBITA fell by 66.2% YoY with EUR 42 million (US$ 46.86 million). EBITDA adjusted for special items was EUR 58 million (US$ 64.72 million), which was down by 58% compared to previous year’s figure; net income amounted to minus EUR 35 million (US$ 39 million). All three business segment of Osram, Opto Semiconductors, Automotive a...
Continue reading
2019-07-26

Signify Announces 2Q19 Financial Results and Investment in Chinese LED Lighting Company

Signify reported the financial results of the second quarter of 2019 and announced that it has agreed to buy a 51% share of Klite Lighting, a China-based LED luminaires manufacturer. Signify registered sales of EUR 1.477 billion (US$ 1.65 billion) with an on-year decrease of 6.1%. LED-based sales increased by 0.2%, accounting for 77% of total revenue. The adjusted gross margin declined by 20 bps to 37.7% due to lower sales volumes and price erosion, largely offset by ongoing procurement savings. Adjusted EBITA amounted to EUR 133 million (US$ 148.22 million) co...
Continue reading
2019-07-26

AIXTRON Reports 1H19 Financial Results with Increased Revenue and Profit

Semiconductor equipment provider AIXTRON revealed its financial results for the first half and the second quarter of 2019. The 1H19 revenue of AIXTRON increased by 12% YoY to EUR 132 million (US$147.11 million), gross profit also grew by 4% YoY to EUR 52.4 million (US$ 58.4 million) despite that its order intake dropped by 36% YoY to EUR 98.3 million (US$109.22 million). AIXTRON noted that customer’s reluctance to invest in production expansion due to the ongoing US-China trade dispute has led to order intake decrease for the first ...
Continue reading
2019-07-16

AMS Withdraws Takeover Offer to Osram within One Day due to “Insufficient Basis”

Osram announced that it Austrian company ams has approached with the interest of a public takeover of Osram with a value of EUR 38.50 (US$ 43.36) per share. However, right after Osram’s announcement, ams decided to withdraw the offer as the company did not see “sufficient basis” for continually talking with Osram. According to Osram, ams showed the interest of acquiring Osram by EUR 38.5 per share. The announcement noticed that to support the offer, ams will need a temporary bridge-loan facility of EUR 4.2 billion (US$ 4.73 billion) and a capital i...
Continue reading
2019-07-04

Bain Capital and Carlyle Offer US$ 3.8 Billion to Acquire Osram

Osram announced a confirmation of receiving a binding offer from Bain Capital and The Carlyle Group, the US-based private equity firms who have been in talk with the German company for a buyout since the end of 2018. According to Osram, the inventors have offered an amount of EUR 35 (US$39.5) per share for the buyout, which will be approximately 3.4 billion euro ($3.8 billion) for concluding the investor agreement and to make a public takeover offer. Osram said, “The responsible decision bodies will discuss and decide on this offer shortly.” Osram has b...
Continue reading
2019-06-25

Osram Announces the Sales of Siteco Luminaires Business to Stern Steward Capital

Osram moved a step forwards to its transformation to a high-tech company by selling its Siteco luminaires business to Stern Steward Capital, the investment arm of Stern Steward & Co. based in Munich. According to Osram, “Separation from Osram gives Siteco entrepreneurial freedom,” and Stern Stewart Capital will continue the current transformation approach. Despite that the financial details of the transaction were not revealed by both parties, Osram noted that its cost situation would also be improved with the elimination of previous Group structures. ...
Continue reading
2019-05-09

Osram Announces Its Fiscal 2Q19 Financial Results with EUR 91 Million Loss

After releasing few warnings in February and March, Osram finally unveiled the financial results of the second quarter of its fiscal 2019 ending March 31. The results went in line with what the company has expected with revenues decreased by 13.5% YoY to EUR862 million (US$965.14 million). The adjusted EBITDA fell by 56% YoY to EUR70 million (US$78.38 million) with an adjusted EBITDA margin dropped from 16.9% to 8.1%. The net loss came to EUR90 million (US$100.78 million). Continuous weak growth in China along with ongoing trade conflicts have led ...
Continue reading
2019-05-07

Lextar Maintains Profitable for 1Q19; Epistar Announces Loss due to Market Weakness

Taiwan-based LED manufacturers Lextar and Epistar announced their financial reports for the first quarter of 2019. Both companies posted an on-year degrease for 1Q19; however, Lextar managed to stay profitable while Epistar had a loss in the past two quarters with impacts from the US-China dispute. Lextar registered revenues of NT$2.167 billion (US$70.13 million) for 1Q19 with an on-year decrease of 18.15% and an on-quarter decrease of 10%. Net profit came to NT$113 million (US$3.66 million). The company also posted a revenue of NT$815 million (US$26.38 millio...
Continue reading
2019-05-06

IQE Receives Mass Production Order for VCSEL Wafers; II-VI Reports Growing Demands for 5G Communication from China and India

Epiwafer producer IQE and optoelectronic components maker II-VI have report orders and growth driven by demands for sensing and communication technology. UK-based wafer product supplier IQE announced that has received the first mass production order for its recently constructed Newport Mega Foundry from its VCSEL customer. Optical components manufacturer II-VI reported its Fiscal 3Q19 results with strong demands for communications products. IQE reported that it has achieved full product qualification with its existing VCSEL client and is processing furt...
Continue reading
2019-05-02

Cree Announces Financial Report for Its Fiscal 3Q19 with Focus on Wolfspeed Business

Cree announced financial results for its third quarter of fiscal 2019, ended March 31, 2019. Revenue from continuing operations for the third quarter of fiscal 2019 was US$274 million, which represents a 22% on-year increase. GAAP net loss from continuing operations for the third quarter of fiscal 2019 was US$22 million, or US$0.22 per diluted share. On a non-GAAP basis, net income from continuing operations for the third quarter of fiscal 2019 was US$20 million, compared to non-GAAP net income from continuing operations for the third quarter of fiscal 2018 of US$17...
Continue reading
2019-05-02

AIXTRON Maintains Profitable in 1Q19 despite Low Seasonal Demands

AIXTRON, the Germany-based semiconductor equipment provider, announced its financial report for the first quarter of 2019 with an expected performance. The revenue of 1Q19 increased by 10% YoY to EUR 68.7 million (US$ 77 million). Although the gross margin decreased slightly to 39% YoY due to a change in the product mix, the gross profit of EUR 26.7 million (US$29.92 million) in the first quarter of 2019 was on a par with the previous year. According to AIXTRON, the first quarter of 2019 was mainly influenced by the expected reluctance of customers to inve...
Continue reading
2019-04-30

Korean Display Makers Suffer Business Loss due to Low Demands and Expects Improvement in 2Q19

Samsung and LG have both released their financial results for the first quarter of 2019 with profit loss in their display business resulting from the sluggish market. Samsung registered a revenue of KRW 6.12 trillion (US$ 5.24 billion) for its Display Panel Business in 1Q19 with an operating loss of KRW 0.56 trillion (US$ 479 million). The company said that the operating loss came from weaker profitability in both mobile and large displays. Mobile displays suffered slower demand and intensifying competition with LTPS LCDs. Large displays also took a hit from a ...
Continue reading
2019-03-29

Osram Announces Profit Warning and Lowers Its 2019 Forecast

On its way of transforming to a high-tech photonic company, Osram has been challenged by the weakening global market. The German company adjusted its annual forecast for fiscal year 2019 which ends by September 30, 2019. Osram said the revenue of fiscal 2019 is expected to decline between 11 and 14 percent while the previous forecast was a revenue growth between 0 and 3 percent. The company also lowered is the range of its adjusted EBITDA margin to eight and ten percent from 12 to 14 percent. In addition, Osram expects a negative free cash flow between EUR 50 million t...
Continue reading
2019-03-18

Cree Announces the Sale of Lighting Business to Ideal Industries

Cree is selling its lighting business to Ideal Industries, an Illinois-based electric power control and management company, to continue its strategy of becoming a more focused, powerhouse semiconductor company. Cree announced the execution of a definitive agreement to sell Cree Lighting, the lighting products business unit, which includes the LED lighting fixtures, lamps and corporate lighting solutions business for commercial, industrial and consumer applications. According to Cree, the deal is about US$310 million before tax. The company expects to receive an initial cash...
Continue reading
2019-03-14

Lextar Reports Revenue Down for 2018 with Lighting Business Cut off

Taiwan-based LED company Lextar announced its 2018 financial reports with an annual revenue of NT$ 11.056 billion (US$ 357.58 million), down by 8.2% YoY. Its after tax profit came to NT$ 49 million (US$ 1.58 million). For the fourth quarter of 2018, the company registered a revenue of NT$2.4 billion, which dropped by 19.6% compared with 3Q18. In 2018, Lextar has slashed its lighting business to focus on high technology development which resulted in the decrease of annual revenue. The market uncertainty brought by the US-China trade war also impacted the busi...
Continue reading
2019-03-04

Eaton to Spin Off Its Lighting Business

Power management company Eaton announced its plan to spin off its lighting business to create an independent, publicly traded company by the end of 2019. The lighting business of Eaton covers a wide range of products and systems to maximize energy efficiency which records sales of US$ 1.7 billion in 2018. Eaton’s lighting business provides services to customers in commercial, industrial, residential and municipal market. The spin-off will include Eaton’s global airport lighting business and Mains lighting. According to Eaton, Goldman Sachs will be Eaton&rsq...
Continue reading
2019-02-27

AIXTRON Announces Solid Growth in 2018 with Demands for MOCVD Systems for ROY LED and VCSEL

German equipment manufacturer AIXTRON posted its 2018 financial results. The company reported increased on-year revenue and gross margin due to continued demand for its MOCVD systems for lasers, red-orange-yellow (ROY) LEDs and specialty LEDs production. According to AIXTRON, its order intake in 2018 grew by 15% YoY to EUR 302.5 million (US$ 344.26 million), which led to a yearly revenue of EUR 268.8 million (US$ 306 million), up by 17% YoY. Adjusted for previous year's sales from discontinued operations, the sales increased by 40% compare...
Continue reading
2019-02-15

Lextar and Epistar Continues Its Shipment of Mini LED Backlight Products; Lite-On Reports LED Revenue Increase

Taiwanese LED companies announced their revenue of January 2019. Epistar and Lextar posted on-month revenue increase while Lite-On reported growth in LED products. Epistar registered a revenue of NT$ 1.27 billion (US$ 41.16 million) for January which increased by 6.56% MoM but dropped by 32.4% YoY. Impacted by the trade dispute and political uncertainty, business growth in the global LED market is not expected by the industry players. To cope with the sluggish market, Epistar has focused on Mini LED backlight products targeting high-end display applicatio...
Continue reading
2019-02-14

Commoditized LED MOCVD Market in China Leads to Veeco’s Revenue Drop in 4Q18

U.S.-based instrument manufacturer Veeco announced its financial results for the fourth quarter and fiscal 2018. For 4Q18, the company registered a revenue of US$99 million, which dropped by 29.1% YoY. Veeco also reported a GAAP net loss of US$144.7 million, in comparison with US$8.5 loss in 4Q17. The non-GAAP loss was US$7.5 million. According to the company, the declined revenue and profit in the fourth quarter of 2018 was due to "Commoditization of the MOCVD market for LEDs in China.” In 2Q18, the revenue from China accounted for 45...
Continue reading
2019-02-12

Osram Focuses on non-Lighting Photonic and Optical Technologies for Boosting Revenue

Followed the notice released by the end of January, Osram announced the results of its first quarter of fiscal 2019. The company posted a revenue of EUR 828 million (US$ 934.65 million) which declined by 15% YoY with revenue dropped in three of Osram’s business segments. The Opto Semiconductors division recorded an on-year decline in revenue of 17% and its revenue of automotive segment decreased by 11 % YoY. In the Digital segment, revenue fell by around 17% YoY due to weak market development in the general lighting segment. Olaf Berlien, CEO of Osram...
Continue reading
2019-02-11

Signify Announces Stable Progress with LED Sales Increased in 2018

Signify, the largest lighting company in the world, reported its financial results for the fourth quarter and the fiscal year of 2018. With increased LED-based sales, the company announced improved adjusted EBITA margin for the fourth quarter of 2018. For the fourth quarter of 2018, Signify posted a revenue of EUR 1.73 billion (US$ 1.96 billion), dropped by 8.8% YoY. The adjusted gross margin was EUR 647 million (US$731.93 million) which declined 11.6% YoY. However, the adjusted EBITA of 4Q18 grew by 3.2% YoY at 214 million. For full year of 2018, the ...
Continue reading
2019-01-31

Samsung Reports Profit Growth in 2018 and Targets Premium Products for 2019

Samsung Electronics announced its financial results for the fourth quarter and the fiscal year of 2018. The revenue and profit of 4Q18 declined due to global market uncertainty but Samsung still reached its annual goal in fiscal 2018. For 4Q18, Samsung posted a KRW 59.27 trillion (US$ 53.22 billion) quarterly revenue, which decreased by 10 percent YoY. The quarterly operating profit was KRW 10.8 trillion (US$9.7 billion), with an on-year decline of 29 percent. The yearly revenue for fiscal 2018 was KRW 243.77 trillion (US$ 218.9 billion) and operating profit cam...
Continue reading
2019-01-30

Seoul Semiconductor Announces Financial Results of Fourth Quarter and Fiscal Year 2018

Seoul Semiconductor reported its 2018 fiscal year consolidated revenue of KRW 1194.2 billion (US$1.07 billion) with an operating profit of KRW 99 billion (US$ 88.6 million), as well as a net income of KRW 65.4 billion (US$ 58.53 million) to report two year consecutive sales growth. As a result of stabilization of Seoul Semiconductor’s new manufacturing plant in Vietnam and improved product mix, the consolidated fourth quarter revenue increased by 6% YoY to KRW 300.6 billion (US$ 269.04 million), while operating profit amounted to KRW 36.2 billion (US...
Continue reading
2019-01-30

Sanan to Receive at Least $800 Million Fund from Its Strategic Investors

Sanan Optoelectronics, the largest LED epitaxy wafer manufacturer in China, announced that it has received funds from its strategic investors including Quanzhou Financial Holding, the China Industrial International Trust, and An Xin Capital. The three organizations plan to provide a joint investment of at least CNY 5.4 billion (US$801.64 million) to Sanan and Quanzhou Financial Holding will offer liquidity assistance of CNY 600 million (US$ 89 million). Sanan Optoelectronics has been through a financial crisis in January with its stock price dropped ...
Continue reading
2019-01-07

Lextar Eliminates General Lighting and Target New Applications including Mini LED and VCSEL

Vertically integrated LED company Lextar announced a revenue of NT$ 715 million (US$ 23.2 million) for December 2018 with a decrease of 13% MoM and 17% YoY. The company’s revenue of 2018 was NT$ 11 billion (US$ 357 million) with an on-year decrease of 8.2%. Lextar has drastically reduced its general lighting business in 2018 and focused on new opto-semiconductor technology development with the aim to boost its profit. The company has targeted four fields including displays, professional lighting, automotive applications and sensing technologies. Mini LED...
Continue reading
2018-12-25

Fagerhult Buys Italy’s iGuzzini for 385 Million Euros

Sweden-based Fagerhult announced on December 21 that it has signed an agreement to acquire iGuzzini, the Italian lighting group for EUR 385 million (US$ 439 million). According to Fagerhult, the price of EUR 385 million will be paid with 74 percent in cash and 26 percent in new Fagerhult shares. The transaction is expected to complete in the first quarter of 2019. With iGuzzini joining the Fagerhult Group will, the largest lighting company in the Nordic countries will increase its presence in Italy, Switzerland, Spain and North America. The combined compan...
Continue reading

Natural colour rendering of Optisolis™ LEDs lets visitors experience artwork as the artist intended without degrading the work. Tokushima, Japan – 23 July 2019: Nichia Corporation, the leader in high brightness LED technologies, an... READ MORE

TSLC Corporation, a subsidiary of SemiLEDs, launched sampling of its tri-color Mini LED series, targeted to provide LED display manufacturers with surface-mounting (SMT) compatible devices. The first product in the tri-color multi pixel series... READ MORE