Epistar Optimizes Resources to Recover from Financial Losses

In response to oversupply challenges in the LED industry, Taiwanese manufacturer Epistar has implemented cost-cutting measures by recalibrating production capacity and consolidating resources from its subsidiaries, FOREPI and Huga Optic. According to a company spokesperson, these strategic adjustments aim to enhance profitability by focusing on more lucrative product lines. In the second quarter of 2016, Epistar reported an 8% revenue increase, totaling NT $6.54 billion (US $204.27 million), with further growth anticipated as the industry approaches its peak season. Financial analysts predict a price increase of 10% to 40% for certain products. Although the company hopes to recover from financial losses by the third quarter, overall performance for the year remains negative until new product launches in 2017. Epistar is also prioritizing advancements in AlInGaN LEDs and automotive lighting, indicating a focus on innovation to bolster its revenue streams.

Epistar Optimizes Resources to Recover from Financial Losses

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