Taiwanese LED wafer manufacturer Genesis Photonics has benefited from the drive in demands. Performance in the 3Q was outstanding with July and August revenue maintained at around NT$ 360 million, a utilization standard of 80-90 percent. September revenue is expected to be a driver for lighting product line deliveries and maintain a high level.
July and August combined revenue for Genesis was NT$ 360million and NT$ 366 million respectively, a record high for the company. September continues to benefit from LED lighting product line deliveries and maintains a utilization rate of 80-90 percent. It is predicted that the revenue for this month will continue to perform well.
Current LED product revenue for Genesis accounts for 50 percent of the total company’s revenue, 20-25 percent from LED TV large-sized backlight and 20-25 percent from small-sized backlights used in smart phones and tablet computers. Due to Genesis large-sized backlight revenue accounting for 20-25 percent of the company’s total revenue, 3Q felt a limited affect by the decline in Chinese LED TV deliveries. Comparatively, 3Q LED lighting deliveries continued to be good. September utilization rate continues to maintain around 80-90 percent and it is estimated that the revenue for the month will maintain a good performance.
