Surging LED Demands Boost Epistar 2014 Earnings

Epistar released first fiscal quarter results for this year on May 7, 2014. The company noted a net operating profit of NT $319 million (US $10.6 million) and profit margin of 15.23 percent. However, impact from two financial evaluations that recognized losses of NT $1.32 billion resulted in Epistar after tax deficit of NT $841 million and EPS of negative NT $0.91. 
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Epistar and Lextar Optimistic about Strengthening LED Demand

LED industry demand is booming, causing downstream epitaxial manufacturers to upstream package manufacturers to face the possibility of an undersupply situation. LED demands started strengthening from 4Q13 to 2Q14, said Zhang Shixian, Deputy General Manager of Epistar. Zhang estimates that demands will continue increasing in 3Q14. Epistar’s production capacity has already reached 90 percent. The company is now concerned that supply will not meet demand after 3Q14. 
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LED Manufacturers Urge Government to Scrap Nuclear Power as Alternative Energy Source

The debate over the construction of Taiwan’s fourth nuclear power plant has been heating up. Alternative energy manufacturers have been eager to voice their opinions, urging the government to reconsider nuclear power as an energy source for the country. 
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CLSA: Three Catalysts Contribute to Rapid Increase in LED Penetration Rate

The LED lighting market has seen a boom in growth starting in the last half of 2013. Rapid growth is attributed to price drops, government policies, and rising cost in power usage, according to investment group CLSA. These three catalysts are anticipated to drive up LED lighting penetration rate from 20 percent in 2013 to 44 percent by 2016.
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San'an Opto Patent Strategies a Looming threat to Taiwanese Manufacturers Oversea Business

San’an Optoelectronics (San’an Opto) has big plans to become a force to be reckoned with both domestically and internationally. The company is expanding production capacity, releasing announcements one after another, according to a Money DJ report.
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Epistar Extends LED Collaboration and IP Licensing Agreement With Intermolecular

Intermolecular, Inc. announced that Epistar Corp. and Intermolecular have signed a multi-year extension of their existing collaborative development program (CDP) and royalty-bearing IP licensing agreement to increase the efficiency and reduce the cost of Epistar's light emitting diode (LED) devices.
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Epistar Revenue Hits Record High in March

Epistar raked in profits in 1Q14, benefitting from strong LED backlight and lighting order demands. The Taiwanese epitaxy manufacturer performed better than first quarter last year, with growth of 44.33 percent YoY. 
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Taiwanese Manufacturers Focus on LED Technology at Light+Building 2014

Taiwan LED manufacturers were very active at this year’s Light+Building 2014 show that took place in Frankfurt, Germany last week. The main theme of Taiwanese manufacturers at the show was LED technology. Some major technology highlights included flip chip LED, Alternating Current (AC) Driver-on-Board (DoB) Chip-on-Board (COB) modules.
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LED Industry Flourished in March

Market listed companies have released their March revenue reports this week with the LED industry coming out on top, according to an article by Economic Daily News. LED manufacturers had unusually good performance in January and February, a traditionally slack season for the industry. The growth trend continued into the peak season where it picked up pace in March. Order visibility already extended to 3Q14. The second half of this year is anticipated to be smooth for the industry. 
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Epistar Develops G9 Technology to Eliminate Heat Dissipation Issues

The pace in which flip-chips are integrated into lighting and backlighting products in 2014 has drawn the attention from the industry. LED package manufacturer Epistar showcased their new G9 capsules which use Pad Extension Chip (PEC) and HV LED technology during the Taiwan International Lighting Show (TILS) 2014 last week. 
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Epistar Chairman Anticipates Rapid 3 Year Growth Period for LED Lighting

LED lighting penetration rate has been rapidly increasing recently. After penetration rate surpasses 10 percent, the industry will officially enter the S curve fast growth period, pushing LED lighting into a golden three year development period. 
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Morgan Stanley: Epistar 2Q Operating Margin Exceeds Initial Prediction

Epistar’s February 2014 revenue outperformed initial estimations, according to Morgan Stanley. Growing lighting demands drove up revenue and operating margin. Client orders in 2Q14 exceeded the company’s production capacity, which will be beneficial in improving its product portfolio and increasing product’s Average Selling Price (ASP). 
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Taiwanese LED Maker's 2Q Revenue Anything But Slack

The LED industry took a hit in Feb. 2014 from fewer work days, due to Chinese Lunar New Year. Many manufacturers saw a dip in revenue from Jan. 2014. In comparison to the previous year manufacturers are seeing higher revenues due to increased demands in LED lighting. LED chip manufacturers Epistar and Epileds showed atypical growth in revenue this Feb. 2014 despite the traditional slack season, demonstrating  outstanding operational performance. 
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Epistar, Everlight Utilization Rates Boom in March

The LED industry is entering into the traditionally slack second quarter. LED manufacturers have increased backlight orders in March as large international TV brand manufacturers launch new products this quarter. In addition to rising demands for LED lighting, LED manufacturer production utilization rates have also seen an increase in March. LED chip manufacturer Epistar and LED package manufacturer Everlight saw a rebound in production utilization this month. Operational performance is also anticipated to increase.
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Epistar Secures Top Spot As New Round of Patent Strategies Begins

Mature LED applications are driving the industry into a new lighting era, and has opened up a new round of patent strategies. Taiwanese LED manufacturers have invested in technology R&D and patent strategies to acquire a niche in upcoming patent competition.
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LED Outdoor Lighting Replacement Trend to Drive Up Stock Prices

The LED outdoor lighting replacement trend is growing with over 600 cities in the U.S. already planning to switch old streetlights to LEDs, according to Commercial Times. New York plans to switch roughly 25,000 streetlights to LEDs by 2017, making it the largest undertaking in the North American market. Europe, China, and Japan are also initiating replacement projects. LEDinside estimates that compound annual growth rate will surpass 20 percent in 2014-2017, which will encourage lowered stock prices.
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Taiwanese LED Chip Manufactures Benefit from Large Order from Samsung

Taiwanese manufacturers could soon see an increase in flip-chip shipments as Samsung begins to purchase LED flip-chips from Taiwanese manufacturers.
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LEDinside: Competition for LED Supply Chains Heats up in 2014

December total revenue for Taiwanese market listed LED manufacturers dipped 0.1% to NT $10.6 billion (US $350.7 million). Revenue for Taiwanese LED chip manufacturers reached NT $3.98 billion (+0.8% MoM) and NT %6.67 billion for Taiwanese package manufacturers, a slight decline of 0.9% MoM.
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Epistar Buys Shares in Edison Opto

With the LED lighting era on its way, Epistar has seized LED lighting market shares through virtual vertical integration with downstream manufacturers, according to Economic Daily News. The company has currently invested over 9 percent in Edison shares totaling NT $300 million (US $9.9 million), and is considering increasing shares in the future.
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Epistar LED Lighting Shipments Double in 2014

LED chip manufacturer Epistar’s Chairman B.J. Lee during the company’s year-end dinner on the 18th announced that the company is currently the largest LED chip manufacturer globally and hopes to become a first-class company in the future, according to Economic Daily News. The company’s LED lighting shipments have doubled this year and Epitar anticipate 2014 to be a better year than 2013 for the company.
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Adoption of HV LEDs Expands as Industry Moves to Cut Costs

LED lighting application is gradually maturing. In order to continue lowering costs for LED lighting products, there is a growing trend of manufacturers adopting High Voltage (HV) LEDs to simplify the power supply design. A large chunk of commercial and street lighting already uses HV LED components, according to Epistar. The company views is very optimistic of future  HV LEDs development in the lighting market. In the company’s product portfolio, mid voltage and high voltage LED chips makes up 10 percent of the company’s lighting products.
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Epistar Well-Positioned to Weather out Slack Season According to Credit Suisse

The rejuvenation of the LED market is unsurprisingly a hot topic in the investment market recently. Foreign investor’s interest in LED companies is gradually growing. In a recent report, Credit Suisse gave their outlook for Taiwanese LED chip manufacturer Epistar. The financial firm believes that is in a good position to ride on the general lighting demand growth and outgrow the market in the TV backlighting space due to their advantages in technologies and scale. However, the company will still be affected by seasonal factors with the upcoming Lunar New Year. The company’s 1Q14 revenues are expected to have a 10 percent QoQ decline.
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Epistar 4Q13 Revenue Hits Record High Since 2011

Taiwanese LED chip manufacturer Epistar delivered a stellar performance during the traditional LED low season. The company announced its Dec. 2013 revenue reached NT$ 2.04 billion (US$ 70 million) marking a historical high for the last 10 quarters since 3Q11. Although, December revenues dropped 1.36 percent compared to the previous month, revenues soared 61.46 percent from Dec. 2013. In addition, consolidated revenue for 4Q13 increased 6.09 percent QoQ to NT$ 6.10 billion, or an annual increase of 37.28 percent. 
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Epistar Backlight Orders Benefit from High Utilization Rates in January

Taiwanese LED chip manufacturer Epistar benefited from an increase in backlight orders with a limited affect on their slack season. Order visibility for February orders after Lunar New Year is still not completely clear. However, the situation in January 2014 had an obvious turn for the better with utilization rates maintaining a standard of 80-90 percent.
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Epistar Continues MOCVD Expansion While GPI and Forepi Remain Conservative

Chinese LED chip manufacturers are conservative towards expansion, according to the Commercial Times. Forepi and Genesis Photonics Inc. (GPI) have temporarily stopped introducing new MOCVD units for 2014 and are aiming to increase efficiency instead. However, Taiwanese manufacturer Epistar has continued to increase MOCVD units to meet lighting client demands, due to insufficient production during peak season.
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Epistar Denies Philips Investment

The market has been focused on whether Taiwan LED chipmaker Epistar’s private placement will draw large international investors. Epistar issued US $250 million (NT $7.5 billion) euro convertible bonds (ECB) to Philips in August 2013. However, the company has denied the transaction.
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Taiwanese Manufacturers Head of the Pack for Flip Chip Application in Large-Size Backlight

LED manufacturers cost control pressure for has not eased  as TV retail prices continue to drop. Low priced direct- type LED TVs are projected to become mainstream in 2014. LED manufacturers also plan continual release of low-cost solutions. Taiwanese manufacturers are optimistic about flip chip products ability to expand beam angle and conduct higher voltage electric currents, with Taiwanese manufacturers such as Epistar and Forepi leading the way in introducing flip chips into large sized backlight applications.
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Automotive Lighting Orders Boost Epistar Revenue

Recent automotive orders have bolstered revenue for LED manufacturer Epistar, reported Economic Daily News on the 16th. Mid power LEDs are anticipated to drive up company revenue to 40 percent in 2014.
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Epistar and GPI November Revenue Rebounds

LED manufacturers have consecutively released their November financial reports.Taiwanese LED chip manufacturer Epistar revenue has been driven by increased shipment demands for  AlInGaP and backlight products and LED chip manufacturer Genesis Photonics Inc. (GPI) also showed good revenue performance in November benefiting from flip chip products.
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UBS Gives Outlook for Everlight and Epistar 2014 Market Performance

The LED market for 2014 will see continued growth for the general lighting market and supply shortage of LED chips due to increasing demands from the LED lighting market, according to a recent report from UBS. In the report, the financial service company provides their outlook for Everlight and Epistar 2014 operation performance.
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Some homeowners, commercial systems managers and outdoor lighting management companies have looked warily at smart lighting, in light of its being seen as a major departure from what was required for lighting control in the past. They need not... READ MORE

For the LED driver product line, wide AC voltage input range (180 ~ 528VAC) HVGC family, MEAN WELL now launches HVGC-650 series to offer more choices of high power products.