News Article
LED demand increases Rubicon profit by 49%
Rubicon Technology has announced that demand for larger wafers from the LED industry has pushed up its revenues.
Rubicon Technology has announced its financial results for the fourth quarter ended December 31st 2009 which saw its revenue increase by 49 per cent sequentially to stand at $8.5 million (£5.4 million).
The provider of sapphire substrates to the radio frequency integrated circuit, optical and light emitting diode (LED) industries said a shift in product mix, increased pricing and improved factory utilisation contributed to its monetary success.
Revenue has also risen for large diameter substrates, with Raja Parvez, president and chief executive officer of Rubicon, explaining: "Certain LED chip manufacturers have been adding significant capacity using four-inch wafers. In addition, orders for six-inch wafers from major LED chip manufacturers for use in research and development have nearly doubled in the quarter."
Demand for LED backlighting is expected to continue and take more market share away from traditional lighting solutions.
In December Rubicon outlined its two-year expansion plan to meet demand for LED applications such as notebook computers and LED-backlit televisions.
The provider of sapphire substrates to the radio frequency integrated circuit, optical and light emitting diode (LED) industries said a shift in product mix, increased pricing and improved factory utilisation contributed to its monetary success.
Revenue has also risen for large diameter substrates, with Raja Parvez, president and chief executive officer of Rubicon, explaining: "Certain LED chip manufacturers have been adding significant capacity using four-inch wafers. In addition, orders for six-inch wafers from major LED chip manufacturers for use in research and development have nearly doubled in the quarter."
Demand for LED backlighting is expected to continue and take more market share away from traditional lighting solutions.
In December Rubicon outlined its two-year expansion plan to meet demand for LED applications such as notebook computers and LED-backlit televisions.
