Recently, Lite-On Technology Corp. has signed a partnership agreement with six lighting manufacturers and expected a bright outlook for its sales in 2012.

Due largely to the new contract, the company’s CEO, K.C. Terng, estimated its monthly shipments to see a double-digit growth from the 20 million sets of LED lighting products it delivered in 2011.

Furthermore, Terng felt that for the LED industry the worst days have gone and the industry will perform better in the new year than in 2011, whether the LED lighting sector or the backlight sector.

Additionally, Lite-On is reportedly a contract supplier of Philips. To supply Philips with the chips, Lite-On would use an operating epi-wafer joint venture it co-founded with Epistar in Changzhou, mainland China, according to industry executives.