Taiwan’s LED industry godfather Everlight Chairman Robert Yeh upheld a positive outlook on the industry developments, according to an Economic Daily News report.

Epistar’s lowered performance outlook was probably affected by individual clients, but Everlight has a positive outlook in second half of 2014, said Yeh. The company projects revenue will reach a new record high in August 2014, while revenues in September will continue to high growth trends.

After Epistar’s revenues in July reached a new height, the LED industry has entered a slump, said Epsitar Chairman B.J. Lee on Sept. 1, 2014. Yeh, however, had a different perspective. The LED lighting industry will enter a peak season during 2H14, while LED backlight is undergoing seasonal adjustments which will return to norm this month, said Yeh during a China-Taiwan LED industry cooperation meeting. Everlight will remain unaffected, and continue to see high growth rates.