LCD chipmaker Formosa Epitaxy reported October 2010 revenues of NT$400.72 million (US$13.31 million), down 0.04% sequentially but up 58.86% on year.

In November, the company pointed out that demand for TV backlighting was picking up on which revenues depended, but the growth was not as significant as in 2009, and December revenues were expected to drop as clients went through inventory stock checks.

At present, the Jiangsu Canyang Corporation was setting up MOCVDs and started operation in mid-December 2010, which was the China-based LED chipmaker joint venture of Formosa, Amtran Technology, LG Display and Unity Opto Technology. The joint venture planed to install 20 MOCVDs by the end of 2010, and another 40 sets in 2011.

Tekcore October revenues decreased 13.76% sequentially but increased 34.61% on year to NT$197.21 million. And the company slowed its plans for capacity expansion.

Tekcore noted that its revenues decreased due to inventory adjustments for LED-backlit LCD TV. Increasing shipments of LED lighting products would improve the company's revenues during the weak season. Recently, The Company has lowered its utilization rates and maintains its capacity at 43 sets of MOCVDs.