Revenues of Taiwanese LED suppliers forecast to grow in 2013

Taipei, July 20 (CNA) The total revenues of Taiwanese light-emitting diode (LED) companies are expected to grow this year on the back of a growing lighting market, according to a market information advisory firm. Taiwanese LED companies will have combined sales of NT$28.05 billion (US$937.04 million) in the second half of the year, up 11.9 percent from the first, Digitimes Research said in a recent research note. Full-year revenues of these companies are expected to total NT$53.11 billion, up 16.8 percent from 2012, the firm added. Digitimes urged local LED chip makers to shift more focus from LED TVs to the lighting market, as more business opportunity lies in the sector. The global market penetration rate of LED TVs is over 90 percent in 2013 and has little room to grow, while that of LED lighting is only 18.4 percent and has much greater potential, Digitimes explained. According to Digitimes' forecast, revenues in the LED lighting sector will grow 35.3 percent to NT$10.07 billion in the second half of this year, beating television sales of NT$8.61 billion for the first time. (By James Lee)