Taiwan LED firm Lextar recently announced its financial report for June which shows its consolidated revenues in June is NT$910 million (US$30.47 million), marking its highest in 22 months.The company attributed the revenue growth in June to rising orders for LED lighting. In the second quarter, 40% of total revenues came from LED lighting, said Lextar.
                                    
According to the firm, revenues in first-quarter 2012 were mainly from TV backlight units (BLUs) as LED lighting customers still had relatively high inventory levels. However, in the second quarter, orders of LED lighting have been increasing coupled with products from the Suzhou plant obtaining certification from customers helping LED lighting revenues to grow 40% sequentially.
 
Lextar indicated current capacity utilization rate is around 80%. With continuous demand growth in the LED lighting and backlight markets, capacity utilization rate in the third quarter is likely to reach 90%.
 
The firm aims to increase utilization rates and profits in 2012 and has no plans for expansion. Capex for 2011 was NT$3 billion and for 2012, the firm will lower capex to NT$2 billion, mainly for modifying equipment art the Suzhou plant, according to Lextar.
 
Lextar's Taiwan plant currently has around 70-80 sets of MOCVD equipment. The firm plans to add 4-inch capabilities to all equipment by first-half 2013.