LED chipmaker Epistar estimates 38% revenue drop in December January 7, 2009
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Taiwan’s leading LED chipmaker Epistar estimates a 38% drop in December 2008 revenues to about NT$400 million (US$12 million), marking the lowest monthly level of 2008, according to market sources. The company expects to see revenues decline further in January 2009 due to weak orders and fewer working days in the month, the sources added.
Taiwan’s leading LED chipmaker Epistar estimates a 38% drop in December 2008 revenues to about NT$400 million (US$12 million), marking the lowest monthly level of 2008, according to market sources. The company expects to see revenues decline further in January 2009 due to weak orders and fewer working days in the month, the sources added.
Epistar had revenues of NT$647.9 million in November 2008, down 28.3% from NT$903.7 million in October, and down 36.43% on year. The company’s accumulated revenues from January to November were NT$9.86 billion, up 5% on year, according to data from the Taiwan Stock Exchange (TSE).
Epistar’s overall utilization dropped to only 30-40% in December compared to 50-60% in November, according to Shie-Shien Chang, vice president of the company. Chang indicated that some AlGaInP LED production lines were suspended due to weak orders in December, and utilization for the segment was 50%.
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