Wed, Apr 09, 2014 - Page 13 News List

Growing demand helps Epistar sales

By Helen Ku  /  Staff reporter

LED chipmaker Epistar Corp (晶元光電) yesterday reported record-high sales for last month and last quarter on the back of rising LED lighting penetration and growing demand for LCD TVs.

With sales of NT$2.36 billion (US$78.39 million) last month, first-quarter sales reached NT$6.24 billion, up 2.3 percent quarter-on-quarter and 44.33 percent year-on-year.

“Epistar’s sales performance shows the LED market is no longer gloomy, even in the slow season last quarter,” Fubon Securities Investment Services Co (富邦投顧) analyst Lewis Liu (劉立中) said by telephone.

Liu forecast Epistar’s sales would keep rising to NT$2.5 billion this month and next month.

“While Epistar is expected to sustain its robust sales momentum in the upcoming months, the company’s main sales driver would be chips used in LED lighting products, rather than backlight applications,” he said.

Liu said the global LED lighting market’s growth driver this year would be LED bulbs. As average selling price of LED bulbs fell to US$15.1 in February and the price is likely to keep falling, market demand will increase, especially in emerging markets such as China, he said.

Furthermore, as the US and the EU have banned the sale of incandescent bulbs, consumers will soon replace their light bulbs with LED bulbs, he added.

On Monday, Lextar Electronics Corp (隆達電子), said sales increased 27.42 percent month-on-month and 3.22 percent year-on-year to NT$1.12 billion last month, with first-quarter sales expanding 12.39 percent to NT$3.22 billion from a year earlier on higher demand of its LED lighting and backlight products.

Lextar manufactures layered crystalline wafers and chips used in LED products. Based in Hsinchu, the company also supplies LED backlight modules and provides packaging services to clients.

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