According to the recent law conference held by LED upstream Taiwan factory New Century Optoelectronics (3383), thanks to LED, cooperation with Japan JFE and Kunshan lighting project, the company estimates that Q3 revenue will grow 40% than Q2. Q4 will also grow 40% over Q3.
Zhong Kuanren, chairman of New Century Optoelectronics, said that the company has 35 MOCVD machines in Q2, and it is estimated that it will increase to 55 by the end of 2010, and its growth momentum is fast.
Looking into the future, outdoor billboards enter the traditional high quarter. In the LED chip segment, the revenue of TV backlights will continue to grow with the mass production of new machines. For the lighting module system, the effects of cooperation with Japan's JFE and the Kunshan Municipal Government of Jiangsu Province will gradually unfold. At present, Kunshan has already had orders of 500 million RMB for three years.
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