Lextar has reported June consolidated revenues of US$30.47 million. In the second quarter, Suzhou plant obtain customer's certification, then the orders of LED lighting have been increasing coupled.
LED firm Lextar has reported June consolidated revenues of NT$910 million (US$30.47 million), its highest in 22 months. The firm indicated revenue growth in June was due to rising orders for LED lighting. Revenues from LED lighting accounted for almost 40% of total revenues in the second quarter, said Lextar.
According to the firm, revenues in first-quarter 2012 were mainly from TV backlight units (BLUs) as LED lighting customers still had relatively high inventory levels. However, in the second quarter, orders of LED lighting have been increasing coupled with products from the Suzhou plant obtaining certification from customers helping LED lighting revenues to grow 40% sequentially.
Lextar indicated current capacity utilization rate is around 80%. With continuous demand growth in the LED lighting and backlight markets, capacity utilization rate in the third quarter is likely to reach 90%.
The firm aims to increase utilization rates and profits in 2012 and has no plans for expansion. Capex for 2011 was NT$3 billion and for 2012, the firm will lower capex to NT$2 billion, mainly for modifying equipment art the Suzhou plant, according to Lextar.
Lextar's Taiwan plant currently has around 70-80 sets of MOCVD equipment. The firm plans to add 4-inch capabilities to all equipment by first-half 2013.
Lextar optimistic about 3Q12 LED lighting demand
