Seoul Semiconductor ranked worldwide no. 4 in LED market

SOUTH KOREA: Seoul Semiconductor is pleased to announce that the company has moved up to the world’s fourth largest LED supplier by sales volume. Strategies Unlimited, the market survey agency, reported in its “High-Bright LED Market Review and Forecast 2010,” that Seoul Semiconductor’s 2009 sales of USD $301 million qualified the company for the new ranking.

“SSC holds more than 5,000 patents, which serve the specialized needs of our customers around the world,” the company said.

The world LED market rose 6.2 percent to $5.4 billion, led by demand for LED TVs, the survey said. Sales of LED products into the display market reached $370 million. As applications for LEDs become more diverse, competition for market share amongst the world’s LED suppliers has intensified.

“These growth estimates coincide with our own internal estimates,” SSC said. “And we believe our products are well positioned to serve this enormously diverse market.”

“The results of the report show that, despite the fact that sales of LEDs for LCD TVs last year were less than 10 percent of our total sales, performance was excellent in all market segments including lighting systems. This year, the quantity of LEDs used for LCD TVs in China, Japan, and Taiwan are expected to increase significantly. In addition, the company is showing significant growth in the LED lighting market,” said S.M. Lee, VP of Worldwide Sales at Seoul Semiconductor.

Seoul Semiconductor has built a vertically integrated LED production methodology ranging from EPI to chip, package, and modules covering the entire process of LED production. This facilitates cost competitiveness and flexibility within market situations.

In anticipation of significant growth in the lighting market, Seoul Semiconductor plans to continue its advance into the lighting LED market through its Acriche product line, and an AC power semiconductor light source.