According to the firm, LED packaging service provider Edison Opto anticipates that by the end of 2022, the percentage of consolidated revenues devoted to LED automotive lighting modules and lamps will increase from 25 to 30 percent to 30 to 35 percent.
According to the firm, Edison is increasing the manufacturing capacity at its facilities in northern Taiwan to meet the increased demand from US-based automakers for its LED lighting modules and lights.
A small-volume trial production will start at the end of 2022 with the completion of the extra manufacturing capacity, which will concentrate on daytime running and fog light modules and lamps, by the end of September 2022, according to Edison.
According to Edison, it has a chance of taking part in the certification process for EV manufacturers, and in 2023, the revenue share for LED lighting modules and bulbs is projected to reach 50%.
Many of Edison’s shipments that were initially planned for the first half of 2022 have been postponed until the third or fourth quarter of the year, the business claimed, mostly due to the lack of automotive components felt by manufacturers. Consolidated revenues for the first half of 2022 were NT$1.121 billion ($38.0 million), down 15.83 percent year over year.
Edison claimed that because the gross margins for LED lighting products are often low, it has been taking orders for similar items with better gross margins and keeps its inventory valued at NT$280-300 million.
In June, Edison reported consolidated revenues of NT$161.4 million, up 4.74 percent sequentially but down 10.66 percent annually. In the second quarter of 2022, revenues of NT$469.0 million down 1.12 percent sequentially and 19.02 percent annually.
