According to the report of foreign-funded Morgan Stanley Securities, Crystal Electric entered the CREE supply chain and, after supplying CREE red chips, regained CREE's low-power blue-chip chips. Orders will help the proportion of crystal lighting continue to rise in the fourth quarter.
The LED industry was weakened by TV backlight demand in the third quarter, and the seasonal effect was affected during the peak season. Morgan Stanley Securities pointed out that Jingdian won the CREE's mid- and small-power blue chip OEM orders in July and is expected to start shipping in September. In addition, Jingdian also helped CREE to build a four-element red chip, showing the cost of crystal power and the scale of mass production. It is estimated that the proportion of lighting in the fourth quarter will continue to rise.
In addition to the gains in the lighting market, Morgan Stanley Securities is also optimistic about the fermentation of crystal TV's new products in TV backlights, pointing out that Jingdian continues to enhance the technology of TV backlight chips, and applies wafer scale package products to TV backlights. The Korean manufacturer has been certified in July, and since shipment in September, the launch of wafer-level packaging products will help reduce the LED cost of TV backlight modules by 20-30%. Morgan Stanley Lee Securities estimates that the new TV model is expected to adopt this new product in 2014, and it will have a positive focus on Jingdian.
In terms of operational performance, Jingdian estimated that the utilization rate in September was about 95%, which was higher than the previous 90%. Morgan Stanley Securities predicted that Crystal's revenue in the second half of the year will grow 12% compared with the first half. Revenue in the third quarter is expected to decline by 2% from the second quarter, while revenue in the fourth quarter is expected to decrease by 3% from the third quarter.
The LED industry was weakened by TV backlight demand in the third quarter, and the seasonal effect was affected during the peak season. Morgan Stanley Securities pointed out that Jingdian won the CREE's mid- and small-power blue chip OEM orders in July and is expected to start shipping in September. In addition, Jingdian also helped CREE to build a four-element red chip, showing the cost of crystal power and the scale of mass production. It is estimated that the proportion of lighting in the fourth quarter will continue to rise.
In addition to the gains in the lighting market, Morgan Stanley Securities is also optimistic about the fermentation of crystal TV's new products in TV backlights, pointing out that Jingdian continues to enhance the technology of TV backlight chips, and applies wafer scale package products to TV backlights. The Korean manufacturer has been certified in July, and since shipment in September, the launch of wafer-level packaging products will help reduce the LED cost of TV backlight modules by 20-30%. Morgan Stanley Lee Securities estimates that the new TV model is expected to adopt this new product in 2014, and it will have a positive focus on Jingdian.
In terms of operational performance, Jingdian estimated that the utilization rate in September was about 95%, which was higher than the previous 90%. Morgan Stanley Securities predicted that Crystal's revenue in the second half of the year will grow 12% compared with the first half. Revenue in the third quarter is expected to decline by 2% from the second quarter, while revenue in the fourth quarter is expected to decrease by 3% from the third quarter.
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