About 20 LED companies that trade on the main bourse and the over-the-counter market saw their combined sales increase last month because of solid demand for LED lighting, a research report said yesterday.
Revenue last month rose 4.24 percent from June and 24.9 percent from a year earlier to NT$10.95 billion (US$365 million), according to LEDinside, a research division of market information advisory firm TrendForce Corp (集邦科技).
The results reflected the shift in capacity to lighting applications made by many domestic LED suppliers to take advantage of increasing global demand for LED lighting, LEDinside said.
However, strong LED lighting sales were somewhat offset by falling demand for components used in LED TVs after China ended its year-long subsidy for TV purchases at the end of May, the report said.
The market is watching to see when Chinese authorities will introduce new subsidies, the report said, and if new measures are announced soon — ahead of China’s Oct. 1 National Day holiday — TV sales could get a boost and further benefit Taiwan’s LED companies.
In the LED packaging and testing services segment, Everlight Electronics Co (億光電子) had the highest sales among the 10 service providers last month at NT$2.19 billion, up 15.7 percent from June and 54.2 percent from a year earlier.
Lextar Electronics Corp’s (隆達電子) sales of NT$1.32 billion were the second-highest in the segment last month and were up 2.3 percent from a month earlier and 50 percent from a year earlier.
LiteOn Technology Corp (光寶科技) was third in the segment with sales of NT$1.2 billion, down 4 percent from a month earlier, but up 6.9 percent year-on-year.
In the LED chip manufacturing segment, Epistar Corp (晶元光電) led among the nine companies, with sales of NT$1.92 billion, down 0.5 percent from a month earlier, but up 15 percent from a year earlier.
It was followed by Opto Tech Corp (光磊科技), with sales of NT$524.7 million, and Formosa Epitaxy Inc (璨圓光電), with sales of NT$418.69 million.