Sapien Semiconductors CEO Myunghee Lee said on Wednesday that the company aims to turn a profit next year while reaching an annual revenue of 10 billion won this year.
Lee noted that the company is expected to announce three more orders it received in the second half of the year, the CEO said in an interview with TheElec.
While the annual revenue goal is less than it announced at an earlier time, the company’s growth plan remains unaltered, he said.
Lee said the three orders it received were for display driver ICs for transparent displays, MicroLED silicon boards for headsup displays,, and MicroLED silicon boards for augmented reality (AR) devices.
Sapien Semiconductors is a fabless chip company that designs driver chips and silicon boards for MicroLED displays. It was listed on Kosdaq, the South Korean exchange, in February. When it went public, it said it aims for an annual revenue of 17 billion won this year and 43.5 billion won next year.
The company sells circuits and boards used in LED on silicon, which are microdisplays used in various reality devices.
LEDoS forms LED on top of a silicon board and this had advantages in brightness and lifespan. Other companies also offer a competing technology called liquid crystal on silicon (LCoS), where the liquid crystal is put on top of the silicon board. This is similar to liquid crystal display and at the current time considered more commercially viable.
For LEDoS, the efficiency of the red is still not up to standards and the mounting of the LED chips on the small silicon board remains a challenge.
Lee claimed LEDoS was on the verge of commercialization and that Sapien Semiconductors was positioned as the only company that could supply silicon boards for MicroLED.
In June, the company said it signed a deal worth 4.3 billion won to develop a MicroLED silicon board for a customer. It singed a similar deal worth 4 billion won in July. These was development fees and they could lead to production revenues next year, the CEO said.
