Tue, Jan. 20, 12:45 PM
Wed, Jan. 14, 7:38 PM
Dec. 22, 2014, 3:51 PM
- Taiwanese LED industry sources tell Digitimes the Chinese government "has ordered its subordinate agencies and local governments to stop offering subsidies and tax incentives for China-based LED epitaxial wafer and chip makers because such offering has disrupted market mechanisms and may violate WTO rules."
- Cree (CREE +3%), which has lost mid-power LED chip share to low-cost Chinese manufacturers, could benefit from the ending of subsidies. As might Taiwan's SemiLEDs (LEDS +6.3%) and U.S. LED wafer supplier Rubicon (RBCN -3.5%).
- On the other hand, equipment suppliers Veeco (VECO +2%) and Aixtron (AIXG -1.2%) could see their Chinese orders slump. Aixtron soared in September after landing a major order from Chinese LED chipmaker San'an Optoelectronics. Digitimes notes San'an has received generous subsidies from the Xiamen city government, and has placed major orders with both Aixtron and Veeco.
Nov. 28, 2014, 3:43 PM
- Taiwanese supply chain firms talking to Digitimes expect the total value of LED lighting output to rise 30% next year, with a doubling of shipments more than offsetting 30%-35% price drops. Research firm LEDinside expects shipment value to grow to $25.7B, or 31.3% of total lighting shipment value.
- On the other hand, the LED backlighting market is expected to continue declining, as prices continue falling and newer LED TVs require fewer chips.
- Though its LED chip/component business has been hit hard by a demand shift towards mid-power LED sales (often used for indoor lighting), CREE's LED lighting product sales are still growing briskly: They rose 51% Y/Y in calendar Q3 to $223.1M. Component/chip sales were down 20% to $173.6M.
- Wafer vendor Rubicon (NASDAQ:RBCN) expects a weak backlighting market to exact a heavy toll on its Q4 results. Demand is expected to pick up in Q1.
- Other industry names: AIXG, VECO, LEDS
Nov. 26, 2014, 4:02 PM
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Jul. 14, 2014, 4:04 PM
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Apr. 14, 2014, 4:25 PM
- SemiLEDs (LEDS) guides in its prepared remarks (.pdf) for FQ3 (May quarter) revenue of $4.3M-$4.8M; the sole analyst covering the company is expecting $5.03M.
- Thanks to inventory write-downs, FQ2 GAAP gross margin was -75%, a little worse than FQ1's -68%. Nonetheless, inventory only fell by $533K Q/Q to $10.8M (over 2x expected FQ3 revenue).
- SG&A spend fell 14% Y/Y to $2.26M, R&D spend rose 8% to $1.2M. The company's cash balance fell to $21.5M at the end of FQ2 from $28.1M at the end of FQ1.
- LED chip sales +117% Q/Q and 51% of revenue. LED components +6% and 30% of revenue. Lighting products -43% and 17% of revenue. SemiLEDs sees a shift towards LED component/packaging product sales relative to chip sales providing a margin boost going forward.
- FQ2 results, PR
Apr. 14, 2014, 4:05 PM
Apr. 14, 2014, 12:10 AM
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Jan. 13, 2014, 5:30 PM
Jan. 3, 2014, 3:02 PM
- SemiLEDS (LEDS +19.8%) and Revolution Lighting Technologies (RVLT +11%) break upward, with the move possibly sparked by a report by Lux Research which sees China's LED lighting market more than doubling to $7.4B in 2017.
- Lux believes LED lighting will grow at a CAGR of 24% through 2017, far outpacing the 5.6% CAGR of the overall lighting market. And, it forecasts residential LED sales to skyrocket at a CAGR of 92% to $310M in 2017 from $23M in 2013.
- The firm cites ongoing urbanization, local energy savings targets, and price cuts, all factors that make LED lighting tech more appealing.
LEDS vs. ETF Alternatives
SemiLEDs Corp manufactures LED chips in Hsinchu Science Park, Taiwan. The Company specializes in the development and manufacturing of metal alloy vertical LED chips & UV using its patented and proprietary MvpLED technology.
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