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Everlight expects boost in revenue due to growing LED demand

Everlight expects boost in revenue due to growing LED demand

By BizLED Bureau

Jan 16, 2017: Everlight Electronics Co, Taiwan’s LED chip packager and lighting product provider, said that due to growing demand for non-blue/white LEDs for various applications, it is expecting its revenue to continue rising in 2017.

“Automotive LED lighting products, sensors used in Internet of Things applications, and fine pixel pitch LED displays will be the main growth engines this year,” Everlight chairman Robert Yeh said.

Yeh said that Everlight has penetrated into the supply chain of several Asian automakers, and expects orders for high-margin automotive products, particularly, LED headlights, in 2017.

Recently, Everlight has signed agreements with South Korean movie theater operators to supply fine pixel pitch LED displays, and this would also add to its revenue growth, he said.

In 2016, Everlight earned a consolidated revenue of US$926 million (NT$29.27 billion), with non-blue/white LED applications, which accounts for 55% of the total revenue. While the sales ratio was higher in 2016, compared to 2015, its impact was smaller as sales of blue/white LED lighting products did not do well due to price. Blue/white LED industry suffered from cutthroat pricing in the last two years, due to an oversupply of LED chips.

However, according to industry insiders, in 2017 as well, Everlight will face pricing pressure, as the industry would witness price increase, and this trend is on since Epistar Corp raised its LED chip prices in June 2016, followed by Chinese LED giant Sanan Optoelectronics.

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