Taiwan LED chip manufacturer Genesis actively developed flip chip technology this year. Taking advantage of flip chip technology to propel development of high voltage and high powered LEDs in order to break into Japanese brand named smartphone manufacturers’ flash supply chain.

LED chipmaker Formosa Epitaxy 's December revenues fell 25% sequentially to NT$300 million (US$10.23 million), and revenues for 4Q10 came to NT$1.1 billion, down 23% sequentially. But the company's full-year revenues increased 121.5% from 2009 to NT$4.64 billion thanks to strong TV backlight demand.

It is rumored that Genesis Photonics would cooperate with china's Potevio Group soon in order to ensure orders from the China market. Potevio which was a China-based state-owned business conglomerate, previously formed a LED lighting joint venture with Taiwan's Unity Opto Technology through its subsidiary in 2009. In 2010 the company also signed a cooperation agreement with power supply maker ENG Technology, which produced LED lighting products as well, promising orders worth US$100 million.

Recently, Taiwan-based LED companies reported their October revenues.

Taiwan`s biggest LED packager Everlight Electronics Co., Ltd. and Genesis Photonics Inc., one of the nation’s major LED makers, are venturing into China’s LED streetlight market which is estimated to have a annual demand of over 1 million units.

The February revenue of LED suppliers of Taiwan which sell most products to China mainland has grown substantially due to the sudden demand surge in low-price IT products in that market.

It’s reported that Epistar Corp. will increase production of LED because of orders from China following the Beijing Olympics.

According to company sources, the Taiwan-based Genesis Photonics Inc., a upstream supplier of epitaxial wafers for LED, scored EPS of NT$1.67 in the second quarter of 2008, with a gross profit rate of 45%, as No. 1 supplier of this kind on the island.