News & Events

FiTech upbeat about demand for miniLED-backlit devices

LED probing, testing and sorting equipment maker FiTech is ramping up its OEM testing and sorting capacity for miniLED chips, having recently completed the corresponding capacity expansion project.

The company carried out the expansion project in response to increasing demand for OEM testing and sorting services from its clients, said the firm.

According to market sources, FiTech counts LED chipmaker Epistar as one of its major clients, and Epistar is reportedly a miniLED-backlighting solution provider for Apple's newly released miniLED iPad Pro devices.

The capacity utilization rate of FiTech's miniLED testing and sorting service lines will ramp up quarter by quarter and eventually reach 100% in the second half of 2021, up from 50-60% currently, said the sources.

Bolstered by increasing OEM capacity, the company saw its revenues increase 9.9% sequentially and 86.65% on year to a record high of NT$472.38 million (US$17.01 million) in May. For January-May, revenues totaled NT$2.086 billion, up 50.71% on year.

The sources expect FiTech to continue to experience robust sales in the second quarter and the rest of the year, as the production of miniLED-backlit iPad Pro series products has become stabilized and Apple's supply chain makers have begun trial production of miniLED-backlit MacBook models.

OEM miniLED testing and sorting services are likely to account for 20-25% of FiTech's total sales in 2021, and related LED probing, testing and sorting equipment will double to 40-50%, estimated the sources.

Meanwhile, FiTech said that it is also developing probing and testing solutions for microLED, MOSFET and laser diode products.