Macroblock expects to launch Initial Public Offering

Macroblock, a mixed-signal IC company focused on the LED industry, expects to launch an IPO on October 29, 2007.

Oct 29th, 2007
Macroblock (3527), a mixed-signal IC company, is expected to launch its initial public offering on October 29, 2007.

Founded in June 1999, Macroblock is headquartered in Hsinchu, Taiwan, and describes itself as a technology leader in the LED driver IC industry.

Focused in the fields of LED displays, LED illumination and LED backlighting, Macroblock recorded revenue of almost NTD 759 million (US $23.4 million) in 2006.

Macroblock reports that it serves worldwide markets including China, the United States, Japan, Korea, Europe, Middle East, Middle and South America, New Zealand, Australia and Africa.

Macroblock established its over-the-counter (OTC) market in September 2006. The company's EPS (earnings per share) was NT$11.17 in 2006.

Macroblock’s revenue and profit in the previous two quarters of 2007 have already surpassed the company's preceding record in 2006, and have increased by 58% and 92%, respectively.

Macroblock says that it has set its vision on advanced driver IC development on LED displays, LED lighting and LED backlighting applications, foreseeing the urgent need of reducing power consumption while answering the call of eco-awareness.

Macroblock says that "with great ambition, passion, and a high self-expectation, [the company] commits to pioneer a promising future and will continue its key role maintenance in the LED market."

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