Seoul Semiconductor's revenue in 2013 was US$1 billion, up 20% year-on-year

On March 3, Seoul Semiconductor Co., Ltd. announced that its sales in 2013 reached US$1 billion, the largest revenue since its establishment, and its operating profit exceeded US$90 million. Compared with 2012, the company's sales increased by 20%, and operating profit increased by 190%.

Seoul Semiconductor's growth in IT and lighting has enabled its 2013 sales to reach $1 billion. The company is following the LED lighting market boom, boosting sales with Acrich2 LED modules (the world's first AC-driven LED) and stable mid-range, high-power packaging products. Sales in the US, Europe, China, Japan and many other countries are on the rise.

The direct-lit LED black hole lens technology used in television in the IT field has been successfully patented, which has led to the growth of Seoul Semiconductor's sales in the IT field. In addition, tablet-related products have also achieved certain results in the market.

Seoul Semiconductor has set a target of $2.3-250 million in sales in the first quarter of 2014 and a 6-8% operating profit. The company said that the guidance for the first quarter was conservatively estimated, given the downturn in the IT industry at this time of the year.

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