Global LED Driver IC Leading Brand Accumulates November Revenue Drops by 10%

February 18, 2023

Global LED driver IC leading brands accumulate revenue in November fell by about 10%, although the traditional off-season in the fourth quarter, but driven by the increase in LED demand in mainland China, the fourth quarter revenue is expected to reach 520 million yuan, only the first The three quarters fell 5-10%, and the quarter-on-quarter reduction was better than the company's expectations. Accumulation said that in addition to continuing to increase the market share of the display next year, LED lighting will also be an important camp sports energy.

Accumulation of November revenue fell 10.38% from October to 173 million yuan. Accumulation said that LED demand in mainland China will increase and the performance in the fourth quarter will be slightly better than expected. The legal person estimates that there is an opportunity to accumulate revenue in the fourth quarter of this year to reach 520 million yuan, which will only slightly decline by 5% to 10% compared with the third quarter, compared with 448 million yuan in the same period of last year, with about 15% growing up.

According to the accumulation of 520 million yuan in quarterly revenue, the estimated December revenue was 154 million yuan, a decrease of approximately 10.98%.

Accumulation of the original estimate, the fourth quarter revenue will grow 8-12% over the same period last year, converted down about 8-12% from the previous quarter.

Accumulation is the leading brand of global LED driver ICs, and the display accounts for more than 90% of the revenue. The legal person estimates that its LED driver IC has a global market share of more than 50% in the display and has surpassed Toshiba as the world's largest manufacturer. Accumulation indicates that next year, apart from the display screen, LED lighting is also an important camp sports energy.

Accumulation pointed out that next year will continue to expand the market share of the display screen, will continue to deepen the drive IC product line, the strategy includes strengthening the PWM refresh rate to enhance the display quality, energy saving direction to low current development. In addition, upstream ICs will also be used to build downstream power modules to establish a complete supply chain and seize the LED lighting market.

However, Accumulate stated that its LED lighting products are mainly commercial and home-based. Therefore, the 2 million street-lighting policy of 50 cities promoted by the Chinese mainland from 2010 to 2012 has limited assistance for accumulation.

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Author:

Mr. Wayne Tang

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+886916140279

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