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Harvatek, Bright LED expect demand to remain strong in 3Q21

LED packaging service providers Harvatek and Bright LED Electronics saw significant increases in orders in second-quarter 2021, and expect strong demand to continue at least in the third quarter, jugding from their shipment schedules, according to the companies.

Many clients asked for shipments ahead of schedule in the second quarter due to concerns over COVID impacts, which partly fueled the strong demand, Harvatek explained.

Demand for LED devices used in consumer electronics will increase in third-quarter 2021 due to peak-season effects, Harvatek said. Besides, demand for fine-pitch LED displays and infrared LED transceivers has rebounded and will remain strong, Harvatek noted.

LED devices used in consumer electronics accounted for about 60% of first-half 2021 consolidated revenues, fine-pitch LED displays for below 20%, invisible LED devices for 15-20%, Harvatek indicated.

Harvatek has reported consolidated revenues of NT$297.5 million (US$10.6 million) for June, increasing 10.72% on month and 63.36% on year; the sum of NT$838.7 million for second-quarter 2021 was the highest quarterly level since third-quarter 2017 with growth of 23.08% sequentially and 54.92% on year, and sales of NT$1.520 billion for January-June rose 31.88% on year.

Bright LED expects strong demand for photo couplers and invisible LED devices to continue in second-half 2021 and third-quarter 2021 revenues will remain flat or inch up sequentially.

Invisible LED devices take up over 60% of consolidated revenues currently, Bright LED said, adding that it has introduced several new product items, including LED devices used in automation equipment, UV LED devices and packaging of LED chips with special wavelength.

Bright LED had consolidated revenues of NT$150.8 million for June growing 15.68% on month and 28.71% on year; those of NT$445.1 million for the second quarter rose 32.39% on quarter and 24.64% on year, and those of NT$781.4 million for the first half of the year increased 25.42% on year.