Taiwan LED Q1 Revenues Review: Q1 Is Not Short Off-Season, Optimistic about Q2

LED lighting

Taiwan's Q1 revenue up sharply increased month, March MoM substantial growth year on year, highlighting the industry continued to boom. Taiwan epitaxial silicon Q1 total revenues of NT $ 11.761 billion, with growth of 28.55%, 0.28% qoq, packaging applications total revenues of NT $ 14.311 billion, with growth of 19.87%, down 4.28% MoM. March epitaxial silicon revenues 4.439 billion, with growth of 26.24%, the chain increased 21.06%; packaging applications 5.303 billion, with growth of 17.04%, the chain increased 26.41 percent, totaling NT $ 9.743 billion, with growth of 21.06%, the chain increased 23.92%. 1,2014 years still seasonal fluctuations. From 2010-2013, quarterly data, the industry still has a strong seasonal lighting applications in 2013 Q4 as penetration acceleration, not short off-season, subject to the ban in 2014 Q1 and white TV backlight restocking affect the overall performance of super- than expected, verify that the industry boom continued upward (see text for more detailed data comparison chart 1-4). 2 wheel drive is still: backlight applications + lighting applications: in late February after the Spring Festival TV new listing, plus TV sales rebound began covering the stock, with backlight demand up; lighting, White started a new wave ban, catalytic lighting exports accelerated; policy catalysis, the world enters LED lights to replace the acceleration period.

Looking Q2, industry boom is expected to continue. Q2 backlight is expected to exceed expectations: Q2 with 51 promotion season, backlight demand is expected to continue; Furthermore, since the second half of the specification is expected to convert the backlight is expected to stimulate the influx of Q2 chain up the goods. Lighting: commercial lighting; United States ban the incandescent into 40W/60W stage, the EU, Japan, mainland China and other LED lighting has been gradually implementing the new standard amendments have greatly stimulated the rapid penetration of LED lighting needs and promotion to drive LED demand Up; addition terminal lighting prices will accelerate stimulus to promote LED lighting applications, 2014 more manufacturers, product type choose the sweet spot more products enter the market, stimulate penetration. Commercial lighting: With the approaching international events around the United States, Japan, harder, Thailand, Taiwan, mainland China and other regions significantly accelerate the replacement of LED lights, LED lighting project is expected to drive the acceleration.