News & Events
LED packaging service provider Edison Opto is establishing two new production lines for LED automotive lighting modules in Taiwan, while LED automotive lighting module maker Excellence Optoelectronics (EOI) is setting up production lines at its factory in Michigan, the US, with two initial lines to be completed in the second half of 2021, according to industry sources.
With US-based automakers being major clients, Edison has been setting up production capacity for LED automotive lighting modules since 2019, the sources said.
Edison had 65-70% of consolidated revenues coming from LED modules and finished products and 30-35% from LED devices in the second quarter of 2021, the sources noted. As gross margins for LED devices are lower, Edison will reduce shipments for LED devices to hike the revenue proportion of LED modules and finished products to 80% by the end of 2021, the sources indicated.
With Ford Motor, General Motors and Tesla being major clients, EOI will expand the capacity at the Michigan factory to seven production lines by 2023, the sources said.
Edison has reported consolidated revenues of NT$180.7 million (US$6.5 million) for June, slipping 7.35% on month but growing 17.38% on year, those of NT$579.2 million for the second quarter of 2021, increasing 6.95% on quarter and 19.59% on year, and those of NT$1.121 billion for January-June, rising 14.27% on year.
EOI had consolidated revenues of NT$269.8 million for June shrinking 6.41% on month and 25.20% on year, those of NT$846.0 million for the second quarter dropping 13.99% sequentially but growing 52.09% on year, and those of NT$1.830 billion for January-June rising 22.67% on year.