Coasia Microelectronics, which mainly distributes IC components for Samsung Electronics such as CMOS image sensors, multi-chip package (MCP) memory and OLED displays, will grab new orders from several China-based handset makers for AMOLED panels with shipments to kick off later in 2012, according to industry sources.
Xiaomi, Oppo, Gionee and two other local handset makers are currently in talks with Coasia about adopting Samsung's AMOLED panels in their products, the sources indicated. The contracts are estimated to be worth several hundreds of millions of US dollars, the sources said.
New orders for AMOLED panels will buoy Coasia's sales performance in the second half of 2012, the sources believe. The IC distributor is expected to first fulfill orders from two of the clients starting July, the sources noted.
Coasia did not confirm the orders and customers, but said that its business in China will expand. The firm is looking to expand its customer base in China, Coasia said.
Coasia revealed that orders placed by its China-based clients currently account for about 10% of company revenues. The proportion will climb to top 30% in the next two years, the company expects.
Responding to speculation that Samsung intends to stop supplying components for HTC products, Coasia said that it has no knowledge of it.
Orders placed by HTC account for as high as 70% of Coasia's revenues at present. The IC distributor noted it would gradually diversify its customer base.
