News & Events

Tyntek sensor component sales to grow 15% in 2021

LED chipmaker Tyntek expects sales of its sensor components to increase 15% on year to 11.3 billion units in 2021, thanks to robust end-market demand and the availability of new capacity from its new 6-inch fab.

The company also eyes a 60% increase to 12.85 billion units for its shipments of compound semiconductor light-emitting and optical communications components in 2021, according to company sources.

Its existing production lines are running at full capacity, said the sources, adding that the company has also seen its order visibility extend to the third quarter.

The operation of the 6-inch fab, which has been delayed from 2020 due to the pandemic-induced impacts, will kick off small volume production in the third quarter before a significant ramp-up the next quarter, said the sources.

It has also strengthened its R&D on mini/microLEDs, high-power infrared LEDs, high precision optical components, and other non-LED sensors for automotive, medical, wearable applications, the sources noted.

It posted revenues of NT$279.98 million (US$10.07 million) for April, up 25.63% on year; and January-April revenues of NT$1.039 billion went up 45.47% on year.

It reported net profit of NT$75 million for the first quarter of 2021, with a gross margin of 18.97%, up 5.85pp from a year earlier.