Lite-On Reportedly Wins Philips Orders for LED Lighting

Taipei, June 27, 2012 (CENS)--Industry executives said Philips has recently designated the Lite-On Group instead of Lextar Electronics Corp. as its contract supplier of LED lighting.

They pointed out that although Lextar offers integrated manufacturing service ranging from chips and packages to modules and lighting fixtures, Lite-On is Taiwan's first LED maker starting operation around 30 years ago and has maintained close ties with international contract buyers.

In this deal, Philips contracts Lite-On to supply LED packages and modules, Epistar Inc. to supply chips and some mainland Chinese manufacturers to supply light fittings.

Industry executives pointed out that this is a huge order that Lite-On has won from international big name company since it entered into alliance with Epistar and mainland Chinese lighting fixture makers.

Lite-On executives said the company's revenue for the second quarter would surge to double that of the same quarter last year largely thanks to brisk demands from contact buyers and smooth output at the company since beginning of the quarter.

Epistar executives noted that the company's production has been running at full capacity so far this month and will grow busier in July than June mostly thanks to swarming orders from mainland China's lighting manufacturers.

Lextar executives said the company has recently cancelled some low-margin orders and declined to say whether Philips orders were among them. However, the company's revenue for the first five months this year surged 14.24% year on year, to NT$3.8 billion (US$134 million).