UPDATED. 2024-03-28 05:14 (목)
LX Semicon sees Q1 profit jump from high demand for DDI
LX Semicon sees Q1 profit jump from high demand for DDI
  • Jang Keyoung Yoon
  • 승인 2022.04.26 19:05
  • 댓글 0
이 기사를 공유합니다

Double from a year ago 
Image: LX Semicon
Image: LX Semicon

LX Semicon saw its operating profit for the first quarter of 2022 jump thanks to the high demand for display driver IC (DDI).

The fabless chip company said on Monday in its preliminary earning guidance that it recorded 585.1 billion won in revenue and 127.9 billion won in operating profit during the first three months of the year, an increase of 44.2% and 115.9%, respectively, from a year ago.

It is LX Semicon’s best quarterly performance to date, which South Korean analysts credited to the increase in revenue of its OLED DDI.

The company manufacture DDIs for panels both used in smartphones and TVs.

Hi Investment & Securities said in a recent report that LX Semicon has now secured Samsung Electronics as a customer, which means its DDI supply for OLED TVs will expand going forward.

LX Semicon’s supply of DDIs and timing controllers to Chinese customers BOE and CSOT are also expected to increase, the securities firm added.

Meanwhile, the fabless chip company is also attempting to reduce its reliance on DDI for sales. It is developing microcontroller units for automobiles. It also acquired patents related to silicon carbide power management ICs from LG Innotek in December.


댓글삭제
삭제한 댓글은 다시 복구할 수 없습니다.
그래도 삭제하시겠습니까?
댓글 0
댓글쓰기
계정을 선택하시면 로그인·계정인증을 통해
댓글을 남기실 수 있습니다.

  • 515, Nonhyeon-ro, Gangnam-gu, Seoul, Republic of Korea 4F, Ahsung Bldg.
  • 대표전화 : 82-2-2658-4707
  • 팩스 : 82-2-2659-4707
  • 청소년보호책임자 : Stan LEE
  • 법인명 : The Elec Inc.
  • 제호 : THE ELEC, Korea Electronics Industry Media
  • 등록번호 : 서울, 아05435
  • 등록일 : 2018-10-15
  • 발행일 : 2018-10-15
  • 발행인 : JY HAN
  • 편집인 : JY HAN
  • THE ELEC, Korea Electronics Industry Media Prohibiting unauthorized duplication,publishing,modification and distribution the material on this Site for any purpose.
  • Copyright © 2024 THE ELEC, Korea Electronics Industry Media. All rights reserved. mail to powerusr@thelec.kr
ND소프트