Lextar achieved revenue growth in 2Q19 thanks to Mini LED and automotive LED lights

Famous LED chip manufacturer Lextar announced its revenue of June 2019, which came to NT$845 million (US$27.2 million), up by 15.1% MoM and down by 7.02% YoY.

Lextar began restructure in 2018 by greatly removing LED lights fixtures business and turning into high margin products including Mini LED backlight, display, automotive LED lights and other. Until now, the company is making Mini LED shipment steadily and plans to increase the share of Mini LED backlight product to 10% by the fourth quarter of 2019.

Panel LED lights manufacturer Innolux has placed orders to Lextar for packaging products of displays. The order increased from 17 million units to 30 million units per month, rising the company’s revenue in the second half of 2019.

Automotive LED lights are another important market focus of Lextar. The company showed an automotive LED lighting matrix module at Shanghai International Auto Lamp Exhibition in March this year.