FitTech Sees Business Growth in 2020 with Increasing Orders for Mini LED Equipment

As Mini LED products entering the market, equipment producer FitTech, who experts in Mini LED probing, sorting and testing is expect thriving business in 2020.

(Image: FitTech)

Mini LED and Micro LED technologies became more mature in the past year, leading to higher demands and requirements for back-end manufacture processes such as testing and probing. Thus, FitTech is taking orders from LED companies in Taiwan and China. Taiwanese chip producer Epistar just revealed that it will increase investment in testing equipment in 2020. In addition, currently FitTech takes more than 50% market share for LED probing equipment and 80% for LED sorting equipment in China.

The revenue of FitTech in the past 10 months increased 37%YoY to NTD3.16 billion (US$ 103.53 million) with a net profit of NTD289 million (US$9.47 million). The company will be listed on the Taiwan Stock Exchange in mid-December 2019 and might reach a new revenue and profit peak this year.

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