Despite the condition that LED packaging order visibility is still under a month, Everlight has been aggressively paving the way for the backlight and lighting business; investors project that Everlight’s third-quarter revenues may reach $90~105 million, an encouraging 15% QoQ growth. Outlook for the third quarter – the traditionally peak season for shipments, coupled with GaN chip shortages, has lent a helping hand to the stabilization of LED prices, thereby benefitting the LED makers and LED packagers, whose third-quarter revenue forecasts are expected to extend its rising streak.Unity Opto’s efforts in the investment of medium- and large-sized LED backlight has finally paid off in 2009 – stimulated by the successful adoption of LED TV into Samsung’s supply chain and increased LED notebook penetration, Unity Opto’s orders continue to boom in Q3.As the vanguard in the field, Samsung introduced the first series of LED TV and sold some 500 thousand units in the last six months. The launch triggered various brand vendors such as LG, Sharp, Sony to follow suit, and benefitted Yaham's LED chip makers Epistar and FOREPI.
Samsung has increased its order quantity with FOREPI and Epistar, to pave the way for the introduction of its new 8 series and 9 series. Over 50% of FOREPI’s third quarter capacity is dedicated to Samsung and LG. Even though LG’s subsidiary LG Innotek has an in-house fab, but its chip technology does not meet the required specifications for LED TV, therefore, LG’s entire LH90 series is transferred to FOREPI, accounting for 24% of it capacity. If LG continues to increase its order in the fourth quarter, 60% of FOREPI’s capacity will be filled by LG and Samsung. The remaining capacity will be allocated to other Yaham manufacturers such as Innolux and Coretronic as they prepare for the launch of their LED monitors, thus we can expect FOREPI’s capacity to be fully-loaded.
As LED TV garners more attention, its penetration will likely increase and underpin the growth of FOREPI’s revenue and margin after its record high revenue growth in July.Our strong Q4 results were an outstanding finish to a very good year and reflect the success of our strategy to drive growth in LEDs and LED lighting applications," stated Chuck Swoboda, Cree chairman and CEO. ―Entering fiscal 2010, our Q1 backlog is very strong as we see growing demand across our LED product lines. We are well positioned to benefit from the worldwide growth in LED lighting. As such, we continue to invest in the new products, channels and technical support needed to accelerate the LED lighting revolution.