Taiwanese LED manufacturer Everlight has made its way into the global top five manufacturers, having finally joined the US$ 1 billion revenue club in 2014, according to a cnYes.com report.

Unlike most European or American companies where year-end bonuses are given during Christmas holidays, Taiwan companies tend to issue year-end bonuses before the Chinese Lunar New Year.

Everlight reports record high revenue growth for 2014

Everlight’s revenue increased 23.99% to reach NT $30.61 billion last year (US $1 billion). The company has plans of investing NT $10 billion over a period of three years to expand its production capacity. Everlight employees will be receiving an year-end bonus between two to four months.

LED lighting products sales drove the company’s revenue to NT $2.63 billion in December, while consolidated 4Q14 revenue was NT$ 8.18 billion. The company’s annual revenue also surpassed NT $30 billion for the first time to reach NT $30.61 billion. Financial institutes estimate the company’s gross margin exceeded 24%, and expects it to continue double digit growth throughout 2015.

Lextar’s lucrative package

Lextar too, reported a year-end bonus of at least two months. Employee perks cover special bonuses during the Dragon Boat Festival, Moon Festival, year-end bonuses, quarterly bonuses, and stock options. These are awarded according to employee performance, and progress of annual goals. The company usually issues bonuses before the Chinese Lunar New Year.

Epistar employees benefit from expanding parent company

Epistar’s revenue last year was up 24.55% to NT $27.71 billion compared to NT $22.25 billion in 2013.

Recently, Epistar announced plans of investing NT $825 million to acquire TSMC SSL shares at NT $1.46 per share. Epistar will have a 94% stake in the former TSMC subsidiary after the investment. TSMC will relinquish its management rights, while the new TSMC SSL will be operated by current management and Epistar staff.

Epistar will be able to raise its production capacity, cost management, and integrate its client and product portfolio after merging with FOREPI, said LEDinside. Epistar currently has been using small volumes of 6” epiwafers the company has manufactured, and will be able to greatly speed up the learning curve for large-sized epiwafers after the merge. The company is moving one step closer to epiwafer grade LED package technology.

The company’s guaranteed salary is 14 months, and includes bonuses for three major Chinese holidays including Dragon Boat Festival and Moon Festival, where half a month of salary is awarded for each holiday. Epistar employees’ year-end bonus is usually one month. Furthermore, the company issues monthly and quarterly bonuses to employees that meet company targets.