Seoul Semiconductor rises to 4th rank in the global LED market
-- According to one of the world’s leading research group’s, IMS Research, rapidly growing Seoul Semiconductor secured the fourth rank in the global LED market
-- Seoul Semiconductor’s more than 5,000 patents and technical capabilities has positioned them to be the one of the world’s best companies
IMS Research, a British supplier of market research in the global optoelectronics market, has announced that Seoul Semiconductor (CEO, Chung Hoon Lee, www.acriche.com.), a world’s leading LED company, has achieved the fourth rank in the global LED market.
According to the analysis of the “World Market of Light Emitting Diodes”, 2009 Edition, carried out by IMS Research, it is found that Seoul Semiconductor is rapidly gaining ground on the top three LED package companies, Nichia, Osram, and Philips Lumileds. It is also expected Seoul will garner the fourth rank on the basis of total sales in 2008 as in 2007.
In particular, Jamie Fox, an analyst of IMS Research has said that Seoul Semiconductor’s positive prospective for future growth potential, as it has grown much more rapidly and aggressively than typical in the global LED market. He also talked about Seoul Semiconductor will compete with Philips Lumileds for the third rank in next few years.
An official of Seoul Semiconductor says “The company’s more than 5,000 patents and technical capabilities are powerful weapons to secure the third position by 2011, and Seoul Semiconductor can readily cope with the changes in the rapidly developing Global LED market. Seoul has achieved vertical integration from LED chips to packages, while utilizing a well-structured system for research and development as well as supply of a variety of new products. In particular the world’s only AC-driven LED ‘Acriche’ and brand new LCW100Z1, a high-efficiency SMD type LED for general purpose lighting”.
IMS Research is a supplier of market research and consultancy services on a wide range of global electronics markets and publishes detailed research on LED and related markets on a regular basis. The analysis of World Market of Light Emitting Diodes, 2009 Edition, focuses on the overall survey of cases of LED-applied products, perspectives of LED lighting business, detailed data for each region of the world market, as well as the global market share and ranking of the world’s top 13 LED companies.
About Seoul Semiconductor (www.acriche.com)
Seoul Semiconductor is a world leading LED manufacturer. The growth potential of the company is widely recognized as it was selected as ‘one of the most promising companies in Asia’ by Forbes and Business Week in 2006 and 2007, respectively. Its main offering, the Acriche™ LED, was also named "Product of the Year" by Electronic in 2006, one of the most prestigious electronics publications in Europe, and awarded in Newtech Korea 2008 and named as Korea Ten Best New Technologies of 2008. Over 5,000 patents filed or registered and The Company registered over 5,000 patents and licenses, and it runs 25 overseas operations, including 3 subsidiaries, and 114 worldwide distributors.
Hyesun Paek Marketing PR Manager (in Korea) E-mail : firstname.lastname@example.org Tel : +82-31-364-3787 Minbok Song PR AE, PR Agency of Seoul Semiconductor E-mail: email@example.com Tel: +82-2-3210-9680