Everlight Electronics Co (億光), the nation’s largest LED components and lighting products provider, has secured deals to provide LED street lamps to southern states in India, the company said yesterday.
“The LED street lamp projects will mark Everlight’s entry into the Indian market,” an Everlight official, who declined to be named, told the Taipei Times at the company’s booth at the Smart Asia Expo & Summit in Bengaluru.
Everlight reported revenue of NT$29.27 billion (US$975.34 million) last year, with the LED lighting business accounting for nearly 20 percent.
The official said the company’s indoor and outdoor LED lighting products have reached markets in the Philippines, Thailand, Vietnam, Indonesia and Cambodia.
Everlight has also tapped Kazakhstan’s LED street lamp market, the official added.
As part of “Smart City Mission,” a program initiated by Indian Prime Minister Narendra Modi’s administration, the South Asian country is scheduled to replace an estimated 30 million street lamps with LED lamps in the coming two to three years, according to Indian media reports.
The Everlight official said the company is teaming up with an Indian LED system provider to win the procurement bids of “a number of” state governments in southern India, but he declined to disclose the number of states and their exact locations as he is not authorized by Everlight to disclose the details.
Everlight has recently shipped its LED street lamps to the state governments for certification, he said.
The company is scheduled to install about 100,000 LED lamps in designated areas in the states beginning next year, he added.
The official said Everlight’s main competitors in India are Royal Philips NV and Osram Licht AG, as they also seeking to capitalize on India’s growing demand for LED street lamps.
“Phillips is more aggressive compared with Osram. As far as we know, Phillips has also locked in commitments for state government projects,” he said.
Indoor LED lighting products are not to be Everlight’s focus in the Indian market, as many Chinese competitors have entered the market and dragged down selling prices to unreasonably low levels, the official said.
Everlight’s accumulated net profit totaled NT$968.28 million in the first three quarters, falling 28.05 percent from the NT$1.34 billion recorded over the same period last year, while accumulated revenue dropped 4.67 percent annually to NT$22.95 billion in the first 10 months, company data showed.
The domestic unit of the Chinese-owned, Dutch-headquartered chipmaker Nexperia BV will soon be able to produce semiconductors locally within China, according to two company sources. Nexperia is at the center of a global tug-of-war over critical semiconductor technology, with a Dutch court in February ordering a probe into alleged mismanagement at the company. The geopolitical tussle has disrupted supply chains, with some carmakers reportedly forced to cut production due to chip shortages. Local production would allow Nexperia’s domestic arm, Nexperia Semiconductors (China) Ltd (安世半導體中國), to bypass restrictions in place since October on the supply of silicon wafers — etched with tiny components to
Singapore-based ride-hailing and delivery giant Grab Holdings Ltd has applied for regulatory approval to acquire the Taiwan operations of Germany-based Delivery Hero SE's Foodpanda in a deal valued at about US$600 million. Grab submitted the filing to the Fair Trade Commission on Friday last week, with the transaction subject to regulatory review and approval, the company said in a statement yesterday. Its independent governance structure would help foster a healthy and competitive market in Taiwan if the deal is approved, Grab said. Grab, which is listed on the NASDAQ, said in the filing that US-based Uber Technologies Inc holds about 13 percent of
Taiwan is open to joining a global liquefied natural gas (LNG) program if one is created, but on the condition that countries provide delivery even in a scenario where there is a conflict with China, an energy department official said yesterday. While Taiwan’s priority is to have enough LNG at home, the nation is open to exploring potential strategic reserves in other countries such as Japan or South Korea, Energy Administration Deputy Director-General Chen Chung-hsien (陳崇憲) said. While the LNG market does not have a global reserve for emergencies like that of oil, the concept has been raised a few times —
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday received government approval to deploy its advanced 3-nanometer (3nm) process at its second fab currently under construction in Japan, the Ministry of Economic Affairs said in a news release. The ministry green-lit the plan for the facility in Kumamoto, which is scheduled to start installing equipment and come online in 2028 with a monthly production capacity of 15,000 12-inch wafers, the ministry said. The Department of Investment Review in June 2024 authorized a US$5.26 billion investment for the facility, slated to manufacture 6- to 12nm chips, significantly less advanced than 3nm process. At a meeting with
RSS