Harvatek September revenues will reach NT$400 million and 3Q revenues over NT$1 billion

ED packager Harvatek recently entered the supply chain for TV backlighting, and inventory adjustments by TV vendors had less affected on it. The company expected its September revenues will reach NT$400 million (US$12.67 million) and 3Q revenues got over NT$1 billion benefit from Japan-based TV vendors’ orders.

In Harvatek’s revenues, handset business accounted for about 40-45% and lighting business accounted for about 15%, over 20% for IT (notebook and monitor) products.

For TV backlighting, Orders from Japan vendors were for SMD LEDs, which had higher profits compared to orders from Korea vendors, because the quotes for SMD LEDs are about double for Korea-based vendors' orders. So, Harvatek expected to increase 15-20% sequentially in 4Q which was a traditional weak season.

For LED lighting business, the company was developing China retail channels and was offering component for SMD packaging for T5 and T8 light bars.

Harvatek was working with lighting fixture suppliers and in 2011 will enter the SSL (solid state lighting) module market.It is reported that lighting and large-size backlighting business will account for 30-40% of Harvatek's revenues in 2011.

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