News: LEDs
5 August 2021
Seoul Viosys’ record revenue in Q2 up 27% year-on-year
For second-quarter 2021, LED product maker Seoul Viosys Co Ltd, a subsidiary of South Korea’s Seoul Semiconductor, has reported record revenue of KRW131.6bn, up 7.5% quarter-on-quarter and 27% year-on-year.
Revenue and profit growth was driven by the visible segment of the company, WICOP (wafer-level integrated chip on PCB, which offers package-less LED solutions designed with a robust structure), achieving growth of 15% quarter-on-quarter and 68% year-on-year.
Operating profit of KRW11.2bn (operating margin of 8.5%) is up 84% year-on-year. Net profit of KRW9.1bn is up by 41% year-on-year. Consequently, first-half 2021 net profit has already exceeded 2020’s full-year profit of KRW19.6bn.
Seoul Viosys expects revenue to continue growing, rising by 7-16% year-on-year in third-quarter 2021.
In particular, Micro Clean Pixel - which was first launched at the 2020 Consumer Electronics Show (CES) and has now entered mass production - could potentially be a game-changer in the display market, and the firm expects that this could lead to a quantum leap in sales in the future.
On 15 July, a study conducted by a research team at Korea University showed that the Delta variant of the Coronavirus (SARS-CoV-2:B.1.617.2) is disinfected 99.3% in just 1 second when exposed to Violeds ultraviolet light-emitting diodes (UV LEDs). In addition, Seoul conducted an in-house air disinfection laboratory test (60m3) which resulted in 90% disinfection in 10 minutes.
On 4 August, Seoul announced a new air disinfection solution that can provide faster and stronger disinfection in a wider space. A new plan to supply products for multi-use facilities was also announced.
Seoul Viosys’ Violeds technology provides 99% surface disinfection of COVID-19 delta variant in 1s
