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.
HEAVY INVESTMENT: Moody’s affirmed the firm’s ‘Aa3’ rating with a ‘stable’ outlook due to its leading position in the industry and ability to match customer requirements Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) revenue this year is expected to increase about 21 percent to NT$1.29 trillion (US$44.01 billion) from NT$1.07 trillion last year, driven by strong demand for advanced 5-nanometer and 7-nanometer chips mainly used in smartphones and high-performance computing devices, a Moody’s Investors Service report on Wednesday said. TSMC’s rate of revenue growth next year is to increase to 7.5 percent, the ratings agency said. The company, which supplies 5-nanometer chips for Apple Inc’s new iPad series, has introduced the advanced chips ahead of its competitors and gained a significant share of the market for the foundry industry’s
NO VIRUS BLUES: A SEMI Taiwan official said that the virus does not slow down the global semiconductor industry’s investment in manufacturing equipment The production value of the nation’s semiconductor industry is expected to grow 16.7 percent this year from last year, outpacing the global industry’s 3.3 percent growth, industry association SEMI said yesterday. That would help Taiwan safeguard its second spot in the global semiconductor market with a production value of more than NT$3 trillion (US$102.73 billion), SEMI Taiwan president Terry Tsao (曹世綸) told a media briefing in Taipei for the Semicon Taiwan trade show beginning today. The global semiconductor industry’s production value is expected to increase to US$426 billion this year, SEMI said. In terms of semiconductor equipment investment, equipment billings from Taiwanese firms
Intel Corp has received licenses from US authorities to continue supplying certain products to Huawei Technologies Co (華為), a company spokesman said yesterday. Washington has been pushing governments around to world to squeeze out Huawei, saying that the telecom giant would hand data to Beijing for espionage. From Monday last week, new curbs have barred US companies from supplying or servicing Huawei. This week, the state-backed China Securities Journal reported that Intel had received permission to supply Huawei. China’s Semiconductor Manufacturing International Corp (SMIC, 中芯國際), which uses US-origin equipment to make chips for Huawei and other companies, last week confirmed that it had sought
Taipei Times: When do you think the hospitality industry can return to how it was before the COVID-19 pandemic? How does Formosa International Hotels Group (FIH, 晶華酒店集團) fare this quarter and beyond? FIH chairman Steve Pan (潘思亮): The virus outbreak will have a serious impact on business travel, driven mainly by meetings, incentive travel, conferences and exhibitions over the past three decades. For the past six months, many businesspeople have grown used to exchanging information on the Internet, where more people can participate. The trend might sustain for three to five years until people are vaccinated and it is safe to