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7 July 2021

Seoul Semiconductor reports record revenue in Q2

South Korean LED maker Seoul Semiconductor Co Ltd has reported record consolidated revenue of KRW335bn in second-quarter 2021, up 25% year-on-year.

Overall, sound growth continued again across all divisions including IT (back-light unit), LT (general lighting) and AM (automotive). The AM division led the growth, increasing its revenue by nearly 50% year-on-year.

Seoul Semiconductor comments that the current earnings trend is in line with the company’s upbeat business outlook of earlier this year, and that record growth will likely continue in third-quarter 2021 due to ongoing solid demand.

Detailed earnings and revenue guidance for third-quarter 2021 are to be announced together with the provisional second-quarter earnings towards the end of July.

See related items:

Seoul Semiconductor’s Q1 net income quadruples year-on-year

Tags: Seoul Semiconductor LEDs

Visit: www.SeoulSemicon.com

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