LED lighting demand has been rising and Taiwan-based LED packaging house Edison Opto noted that 2013 capex will reach NT$400-500 million (US$13-16 million).
Edison Opto disclosed that despite rising demand in the LED lighting market, due to severe price competition, consolidated gross margin in the first quarter fell to 8%. The firm expects performance in the second quarter to improve.
The firm has been eager to expand capacity of small- and medium-power PLCC and high-power chip-on-board (COB) in 2013. The firm plans to increase PLCC monthly capacity to 300 million units and COB products to 150 million units.
Starting in June, revenues from LED packaging house, Lumenmax, will be included in Edison Opto's consolidated revenues and may contribute around NT$30-40 million. In addition, LED lighting orders from China have been increasing, hence market observers believe Edison Opto will see record high revenues in June.
The firm has been benefiting from LED lighting orders in China and total revenues in April-May reached NT$520 million, exceeding first-quarter consolidated revenues of NT$450 million. Market observers believe Edison Opto will see June consolidated revenues exceed NT$300 million and second-quarter consolidated revenues will reach NT$800 million, representing a sequential increase of 70%.
