Luminescence Technology Corp (機光科技) plans to expand its output in the fourth quarter of this year on expectations about the automotive lighting market.
The organic LED (OLED) material maker plans to add a new production line in the second half of the year, which is expected to raise its monthly output from 150,000 units to 600,000 units, Luminescence president Yen Feng-wen (顏豐文) told an investors’ conference in Taipei yesterday.
The utilization rate is expected to reach 100 percent this quarter due to growing demand for its automotive lighting products, Yen added.
Five companies have been asking samples for its OLED lighting products, and it expects to deliver the products next year, Luminescence said.
Major luxury brands have been increasingly using OLED lighting products to woo consumers, it said, citing the Audi A8 car with OLED tail lights.
OLED lighting products have non-glare characteristics and customized designs not found in traditional tail lights, it said.
The company, which specializes in making materials for OLED and organic photovoltaics, hopes to obtain orders for high-margin products and expand its aftermarket business this year, corporate officials said.
The Hsinchu-based company, founded in 2001, has a paid-in capital of NT$251.61 million (US$8.1 million) and plans to raise NT$180 million in the fourth quarter to fund expansion.
The company’s product portfolio includes energy-saving, environmentally friendly and low blue-light emitting lighting products with uses in commercial, household and automotive sectors, and it supplies display manufacturers in 71 countries, a corporate news release said.
It says it is the sole OLED material manufacturer and supplier in Taiwan, possessing more than 200 patents for OLED materials and automotive lighting products.
Luminescence is to debut on the Taipei Exchange’s Emerging Stock Board tomorrow, with an initial public offering price of NT$25.
The company reported that net income last year fell 58.2 percent year-on-year to NT$3.9 million from NT$9.33 million.
Earnings per share fell from NT$0.41 to NT$0.15, due to research spending and equipment purchases, while its gross margin fell 4.52 percentage points to 56.42 percent,the company said.
Cumulative revenue in the first five months of this year decreased 14.4 percent year-on-year to NT$35.89 million from NT$41.93 million, company data showed.
BYPASSING CHINA TARIFFS: In the first five months of this year, Foxconn sent US$4.4bn of iPhones to the US from India, compared with US$3.7bn in the whole of last year Nearly all the iPhones exported by Foxconn Technology Group (富士康科技集團) from India went to the US between March and last month, customs data showed, far above last year’s average of 50 percent and a clear sign of Apple Inc’s efforts to bypass high US tariffs imposed on China. The numbers, being reported by Reuters for the first time, show that Apple has realigned its India exports to almost exclusively serve the US market, when previously the devices were more widely distributed to nations including the Netherlands and the Czech Republic. During March to last month, Foxconn, known as Hon Hai Precision Industry
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and the University of Tokyo (UTokyo) yesterday announced the launch of the TSMC-UTokyo Lab to promote advanced semiconductor research, education and talent development. The lab is TSMC’s first laboratory collaboration with a university outside Taiwan, the company said in a statement. The lab would leverage “the extensive knowledge, experience, and creativity” of both institutions, the company said. It is located in the Asano Section of UTokyo’s Hongo, Tokyo, campus and would be managed by UTokyo faculty, guided by directors from UTokyo and TSMC, the company said. TSMC began working with UTokyo in 2019, resulting in 21 research projects,
Ashton Hall’s morning routine involves dunking his head in iced Saratoga Spring Water. For the company that sells the bottled water — Hall’s brand of choice for drinking, brushing his teeth and submerging himself — that is fantastic news. “We’re so thankful to this incredible fitness influencer called Ashton Hall,” Saratoga owner Primo Brands Corp’s CEO Robbert Rietbroek said on an earnings call after Hall’s morning routine video went viral. “He really helped put our brand on the map.” Primo Brands, which was not affiliated with Hall when he made his video, is among the increasing number of companies benefiting from influencer
Taiwan’s property market is entering a freeze, with mortgage activity across the nation’s six largest cities plummeting in the first quarter, H&B Realty Co (住商不動產) said yesterday, citing mounting pressure on housing demand amid tighter lending rules and regulatory curbs. Mortgage applications in Taipei, New Taipei City, Taoyuan, Taichung, Tainan and Kaohsiung totaled 28,078 from January to March, a sharp 36.3 percent decline from 44,082 in the same period last year, the nation’s largest real-estate brokerage by franchise said, citing data from the Joint Credit Information Center (JCIC, 聯徵中心). “The simultaneous decline across all six cities reflects just how drastically the market
RSS