UPDATED. 2020-09-29 17:37 (화)
Wooree E&L wins more LED orders from LG Display
Wooree E&L wins more LED orders from LG Display
  • Gijong Lee
  • 승인 2020.08.10 17:23
  • 댓글 0
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The company has taken over LG InnoTek's previous volume
Image: Wooree E&L
Image: Wooree E&L

Wooree E&L has seen volume increase in its shipment of LED modules to LG Display thanks to LG InnoTek exiting the business.

LG InnoTek has stopped its production of backlight unit (BLU) LED modules for IT devices and TV in the first half of the year. It still produces LED modules for automobiles, however.

Wooree controlled 40% of the LED modules for LG Display’s monitor Liquid Crystal Display (LCD) panels last year but this has now increased to 60%, people familiar with the matter said.

Seoul Semiconductor, which also supplies BLU LED modules for LG’s monitor LCDs saw its share rise from below 20% last year to 30% this year, they also said.

Japan’s Nichia accounted for the remaining volume of around 10% that LG Display orders.

LG InnoTek controlled some 40% of the volume of BLU LED supplied to LG Display for their monitor displays last year before it exited the business. 

For LG Display’s notebook LCD, Wooree saw its volume increase from 20% last year to 30% this year. Seoul Semiconductor is maintaining its volume of 55% to 60%. LG InnoTek supplied some 20% of the LED modules last year before it exited the business.

For BLU LED modules used in large signage made by LG Display, Woori supplied some 40%, and was the top supplier. Seoul Semiconductor supplied 30% of the goods.

BLU LED module makers like Wooree and Seoul supply their good to LG Display. LG Display then makes LCD panels with them and supply that to its clients LG Electronics, Dell and HP.

LG InnoTek, meanwhile, has accumulated 1 trillion won operating losses as of last year from its LED business. It announced in October last year that it was restructuring the business. It is planning to sell its LED factories in China and South Korea.

Image: Wooree E&L
Image: Wooree E&L

 


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