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Seoul Semiconductor announced its revenue growth in car led lights,TV and mobile application

21-08-2018
Korea-based Seoul Semiconductor has announced its revenue for the second quarter of 2018 to be KRW 290 billion (US$ 259.84 million), which is up to target of of KRW 280 to 300 billion.

According to the report of Seoul Semiconductor, the TV division and mobile division keep growing in the second half of 2018, having kept a high growth rate since the year 2017.

Sales in automotive LED lights also rose greatly. With the promotion of the company package less WICOP for car LED headlight application, many foreign car makers have used the technology and the mass production will be made in 2019 and 2021.

The company expects the rise from its new manufacturing plant in Vietnam to achieve further stability, leading to higher utilization rate in the third-quarter to meet high season market requirement and lead to improved profitability. The sales target of the next quarter of Seoul Semiconductor is expected at KRW 300 to 320 billion.

Seoul Semiconductor announced its revenue growth in car led lights,TV and mobile application


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