The total operating revenue of Taiwan LED companies this March hit $188 million, up 18.4 percent month-on-month compared to the prior month's $161 million and up 17.17 percent y-on-y. This is according to the latest statistics from LEDinside, a subsidiary division of DRAMeXchange Tech Inc.
The total operating revenue of LED crystal grain manufacturers grew 15.31 percent over the last month. Operating revenues of LED-packaging manufactures climbed 20.89 percent from February's figures.
Driving the growth of the total operating revenue of Taiwan LED crystal grain manufacturers is the temporary suspension of downstream firms during the Chinese New Year in mainland China and had brought about a low base rate a month ago.
Among them, Genesis Photonics and Formosa Epitaxy both achieved record high of their revenue performance in March and hit over 30 percent month-on-month. Genesis Photonics had mainly benefited from the production of blue LED crystal grain and the boosting supply of new customers. Formosa Epitaxy's operating revenues in March had mostly resulted from the production upsurge of mid-small backlight module and high power LED.
"The production capacity of upstream LED epitaxy will constantly increase and will benefit from the downstream packaging firms as well. Thus, the operating revenue of LED manufacturers in April will upswing," commented LEDinside analyst Roger Chu regarding the performance in Q2.
In terms of applications, since the peak period has come, small, mid-sized panels will not meet serious shortage, said LEDinside. Applications of mid-small sized LED backlight will surge as well compared to last year. So far, the backorders of UHB-LED has risen. For the cellphone sector, the backorders of China white-box cellphone (open phone) has gradually elevated; however, the demand of major cellphone companies is still vague; thus, the blue LED product demand of specs from 1,300- to 1500mcd is witnessing a slow growing speed.
Based on a report from LEDinside, upstream LED manufacturers have boosted its production capacity in Q2, thus the growing margin of cellphone demand in Q2 should be worth to pay attention to. If cellphone demand meets the production boosting range from LED manufacturers, it will contribute to the revenue performance of LED manufacturers in Q2.
