Reports realease that Lite-On Technology Co., Ltd. will add 20% of revenue to the company’s LED operation in 2012 from least two multinational lighting manufacturers’ LED package contracts.

It’s said that the buyers recently visited an LED-epitaxy joint venture Lite-On co-opens with chipmaker Epistar in Changzhou, mainland China to talk over details of the deals.

As for the joint venture, Lite-On holds a 30% stake in the US$120 million, which is designed to run a maximum of 60 MOCVD chambers when its expansion is completed next year. Thanks to the position which is placed next to Lite-On’s packaging factory in Changzhou, the company has more competitive than its rivals in cost.

According to industry executives,Lite-On supplies not only packages but also light engines and luminaires on a contract basis, according to customer needs, making it attractive to multinational lighting suppliers.

Compared with consolidated revenue of NT$123.4 billion (US$4.1 billion at US$1: NT$30), with LED operation commanding 13% in 2010, some institutional investors have a positive prediction taht the company’s LED operation to have revenue of NT$20 billion (US$666.6 million) in 2012, increasing over 20% from this year’s NT$16 billion (US$533 million), thanks to the contracts it recently secured from international lighting buyers.

According to Lite-On executives, the company is implementing a “big project”, which they said will make the company’s LED operation much better in five years than now.