{"id":472360,"date":"2021-04-07T02:20:10","date_gmt":"2021-04-07T06:20:10","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=472360"},"modified":"2021-04-07T02:20:10","modified_gmt":"2021-04-07T06:20:10","slug":"seoul-semiconductor-achieves-historical-high-first-quarter-revenues-increased-by-28-3-yoy","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/seoul-semiconductor-achieves-historical-high-first-quarter-revenues-increased-by-28-3-yoy\/","title":{"rendered":"Seoul Semiconductor Achieves Historical High First Quarter Revenues Increased by 28.3% YoY"},"content":{"rendered":"<p>        <!--.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>Seoul Semiconductor Achieves Historical High First Quarter Revenues Increased by 28.3% YoY<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li>\nContinued to record over KRW 300 billion for three consecutive quarters\n<\/li>\n<li>\nRecorded the highest first quarter consolidated revenue at KRW 312 billion\n<\/li>\n<li>\nExpected to grow by another double-digit in the second quarter\n<\/li>\n<li>\nSecured a foundation for sustainable growth with leading 2<sup>nd<\/sup> generation patented LED technologies\n<\/li>\n<li>\nCompany will report details of the first quarter earnings and a sales guidance for the second quarter at the end of April\n<\/li>\n<\/ul>\n<p>\n\u00a0\n<\/p>\n<p>ANSAN, South Korea&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.seoulsemicon.com%2Fen%2F&amp;esheet=52407829&amp;newsitemid=20210406006215&amp;lan=en-US&amp;anchor=Seoul+Semiconductor+Co.%2C+Ltd.&amp;index=1&amp;md5=4bddb9c4f0a2a30963ac58b5e50c5c6e\">Seoul Semiconductor Co., Ltd.<\/a> (\u201cSeoul\u201d) (KOSDAQ 046890), a leading global LED product and technology provider, today announced KRW 312 billion of consolidated revenues for the first quarter, growing 28.3% year on year. Recovering from COVID-19 pandemic impact in the first half last year, Seoul continued to record over KRW 300 billion quarterly revenues for the past three consecutive quarters, which has achieved the historical highest first quarter of 2021 revenues since the company establishment.\n<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20210406006215\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210406006215\/en\/<\/a><\/p>\n<div id=\"bwbodyimg\" style=\"width: 480px;float:left;padding-left:0px;padding-right:20px;padding-top:0px;padding-bottom:0px\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210406006215\/en\/869921\/4\/%5BPhoto%5D_SSC_The_2nd_Generation_LED_Technologies.jpg\" alt=\"Seoul Semiconductor\u2019s world\u2019s first leading 2nd generation technologies (Graphic: Business Wire)\" \/><\/p>\n<p style=\"font-size:85%\">Seoul Semiconductor\u2019s world\u2019s first leading 2nd generation technologies (Graphic: Business Wire)<\/p>\n<\/div>\n<p>\nDespite the low seasonality in the LED industry, Seoul\u2019s strong performance in the first quarter will lead to a higher expectation for financial results of the fiscal year 2021. The financial results including revenues and profit analysis will be released at the end of April.\n<\/p>\n<p>\n\u201cManufacturing transition to Vietnam, which has been started from 2017, entered the stabilization stage. Seoul expects further profitability for the year by delivering superior cost advantage and pricing competitiveness. We also expect exceptional revenue growth in the 2<sup>nd<\/sup> half as mass production of mini LEDs, one of the core next generation display technologies, starts,\u201d said an officer at Seoul.\n<\/p>\n<p>\nSeoul\u2019s mini LED uses package-less WICOP products, the world\u2019s first revolutionary technology directly mounting LED chips onto a substrate.\n<\/p>\n<p><b>About Seoul Semiconductor<\/b><\/p>\n<p>\nSeoul Semiconductor is the world\u2019s second-largest global LED manufacturer, a ranking excluding the captive market, and has more than 14,000 patents. Based on a differentiated product portfolio, Seoul offers a wide range of technologies, and mass produces innovative LED products for indoor and outdoor lighting, automotive, IT products, such as mobile phones, computer displays, and other applications. The company\u2019s world\u2019s first technologies are becoming LED industry standard and leading global market with a package-free LED, WICOP; a high-voltage AC-driven LED, Acrich; a LED with 10X the output of a conventional LED, nPola; a ultraviolet clean technology LED, Violeds; an all direction light emitting technology, filament LED; a natural spectrum LED, SunLike; and more. For more information, please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.seoulsemicon.com%2Fen&amp;esheet=52407829&amp;newsitemid=20210406006215&amp;lan=en-US&amp;anchor=www.seoulsemicon.com%2Fen&amp;index=2&amp;md5=3e6f5ff35c19ba3692e4d8308ee05ed8\">www.seoulsemicon.com\/en<\/a>.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210406006215r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210406006215\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210406006215\/en\/<\/a><\/span><\/p>\n<p><b>Seoul Semiconductor Co., Ltd.<br \/>\n<\/b><br \/>Jeonghee Kim<br \/>\n<br \/>Tel: +82-70-4391-8311<br \/>\n<br \/>Email: <a rel=\"nofollow\" href=\"mailto:jeonghee.kim@seoulsemicon.com\">jeonghee.kim@seoulsemicon.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> South Korea Viet Nam Asia Pacific<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Semiconductor Hardware Manufacturing Other Manufacturing Technology<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210406006215\/en\/664505\/3\/EN_logo_SeoulSemiconductor.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210406006215\/en\/869921\/3\/%5BPhoto%5D_SSC_The_2nd_Generation_LED_Technologies.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">Seoul Semiconductor\u2019s world\u2019s first leading 2nd generation technologies (Graphic: Business Wire)<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Seoul Semiconductor Achieves Historical High First Quarter Revenues Increased by 28.3% YoY Continued to record over KRW 300 billion for three consecutive quarters Recorded the highest first quarter consolidated revenue at KRW 312 billion Expected to grow by another double-digit in the second quarter Secured a foundation for sustainable growth with leading 2nd generation patented LED technologies Company will report details of the first quarter earnings and a sales guidance for the second quarter at the end of April \u00a0 ANSAN, South Korea&#8211;(BUSINESS WIRE)&#8211;Seoul Semiconductor Co., Ltd. (\u201cSeoul\u201d) (KOSDAQ 046890), a leading global LED product and technology provider, today announced KRW 312 billion of consolidated revenues for the first quarter, growing 28.3% year on year. Recovering from COVID-19 pandemic impact &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/seoul-semiconductor-achieves-historical-high-first-quarter-revenues-increased-by-28-3-yoy\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Seoul Semiconductor Achieves Historical High First Quarter Revenues Increased by 28.3% YoY&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-472360","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Seoul Semiconductor Achieves Historical High First Quarter Revenues Increased by 28.3% YoY - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/seoul-semiconductor-achieves-historical-high-first-quarter-revenues-increased-by-28-3-yoy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Seoul Semiconductor Achieves Historical High First Quarter Revenues Increased by 28.3% YoY - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Seoul Semiconductor Achieves Historical High First Quarter Revenues Increased by 28.3% YoY Continued to record over KRW 300 billion for three consecutive quarters Recorded the highest first quarter consolidated revenue at KRW 312 billion Expected to grow by another double-digit in the second quarter Secured a foundation for sustainable growth with leading 2nd generation patented LED technologies Company will report details of the first quarter earnings and a sales guidance for the second quarter at the end of April \u00a0 ANSAN, South Korea&#8211;(BUSINESS WIRE)&#8211;Seoul Semiconductor Co., Ltd. (\u201cSeoul\u201d) (KOSDAQ 046890), a leading global LED product and technology provider, today announced KRW 312 billion of consolidated revenues for the first quarter, growing 28.3% year on year. 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(\u201cSeoul\u201d) (KOSDAQ 046890), a leading global LED product and technology provider, today announced KRW 312 billion of consolidated revenues for the first quarter, growing 28.3% year on year. 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