Honglitronic released their 2014 half year results on July 2, 2014, reporting an increase in net profit of 35-60 percent from last year. The company expanded production capacity to take advantage of booming LED lighting demands in the second half of 2014. 

Operations for LED manufacturers in the first quarter are hoped to show good performance, according to UDN Evening News report. Increased operations in Jan. 2014 have lead to many manufacturers continual growth. Due to the strong revenues, the market is optimistic and anticipates financial results from 1Q14 slack season financial reports to show a revenue  decline  within  5-10 percent. Among these manufacturers, Edison Opto has been able to secure new clients.

LED driver IC is unsurprisingly the upcoming star of 2014, spurred by the increasing demand for LED general lighting. However, the driver IC market appears to commoditize rapidly with competition from China vendors. According to a recent report by Morgan Stanley, LED general lighting penetration rate is estimated to reach 17% in 2014, up from 8% in 2013. LED lighting penetration rate is anticipated continue rising to 44 percent by 2016. Each light needs an LED driver IC to control the electric current and, in some cases, offer dimming function. The volume for LED driver ICs will thus grow proportionally with LED lighting.