Lite-On Technology to Begin Shipping LED Chips Used in LCD TVs in 2Q10
Source/Type:  LIGHTimes Online - News - Staff reports

February 11, 2010... Lite-On Technology reports that South Korean TV vendors have obtained certification for its LED chips through LED backlight unit (BLU) maker Radiant Opto-Electronics. Lite-On is scheduled to begin volume shipments in the second quarter of 2010, according to a Digitimes article. Lite-On says it is aiming to become a LED chip supplier for top-five LCD TV vendors. The company also hopes to have 5% of the LED backlighting market in 2010. Sales from the LED backlight market are expected to generate 5% of Lite-On's total revenues for the year, the company noted. Lite-On says that it is supplying LEDs for 20% of the global notebook-use LED backlights.

The company's January consolidated revenues rose 56 percent on year compared to NT$9.39 billion (US$293.05 million) compared to the previous January. Lite-On says that the on-year sales growth was a result of gains in market share and stronger end-market demand. Lite-On's major business units remained stable from the previous month, but its optoelectronics (LED) business unit posted growth of 4% sequentially, thanks to increased demand for computer, communication and consumer electronics applications.

On an annual basis, January sales for the optoelectronics (LED), power supply and camera module business units grew at 76%, 56%, and 51%, respectively. Lite-On Group CEO David Lin noted that revenues of LED and power supply will combine to exceed 50% of its total revenues in 2010, and revenues for the LED business are expected to grow 20-30% in 2010.

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