Samsung's 2011 LED revenue will be lower than last year's performance

Samsung LED revenue for the third quarter of 2011 was 358.2 billion won (approximately US$310 million), an increase of only about 3% compared to the same period of 2010, and a negative operating profit rate. Samsung's LED revenue for the first three quarters of 2011 was slightly lower than the same period of 2010, and the utilization rate of the fourth quarter will be only 50 to 60%. It is estimated that the company's 2011 full-year revenue will be slightly lower than the 2010 performance.

To enhance the competitiveness of Samsung's LED business, SAMSUNG LED will be incorporated into Samsung Electronics' "Parts Solutions Business Unit" at the time of Samsung Electronics' transformation. Samsung's LED upstream, middle and downstream industrial chains and Samsung Electronics' businesses The ministries have a cooperative relationship, and they can use the resources to achieve a synergistic effect.

Although the development of the LED industry in 2011 was not as expected, Samsung LED will continue to expand the field of LED lighting. In addition to lighting products that are lower than the first-line brand prices, the company also has two major regional markets in the United States and Europe through Samsung Electronics. .

In addition, Samsung Group extends LED lighting to the green building sector. In the first half of 2012, Samsung Products, Samsung LED, and Samsung Electronics will jointly develop green building solutions. Except for the Korean region, the company will also extend the business to Europe. , mainland, and Southeast Asia.