Taipei, Tuesday, December 12, 2017 12:31 (GMT+8)
cloudy
Taipei
17°C
Digitimes Research: Silicon Works LDI business posts revenue drop in 2Q13 on falling iPad shipments
Ricky Tu, DIGITIMES Research, Taipei [Friday 18 October 2013]

South Korea-based IC design house Silicon Works saw revenues generated from its LCD driver IC (LDI) business fall for a second consecutive quarter sequentially in the second quarter of 2013, due to a slowdown in orders for Apple's iPad devices, as well as its narrow target applications, according to Digitimes Research.

Silicon Works' driver IC solutions are targeted mainly at tablets and notebooks. The company has reportedly entered the supply chain of Apple, through providing driver ICs to LG Display.

Buoyed by robust iPad sales, revenues of Silicon Works' LDI business climbed to KRW100.6 billion (US$3.43 billion) in the second quarter of 2012, Digitimes Research said. This represented an about 87% jump compared to KRW53.8 billion in the first quarter, and more than a doubling from only KRW47.4 billion in second-quarter 2011.

Silicon Works' LDI business accounted for more than 80% of company revenues in the second quarter of 2012, up from 60-62% over the previous four quarters, as a result of its rapid expansion, Digitimes Research indicated.

However, due to weakening demand for Apple's iPad, revenues of Silicon Works' LDI business fell below KRW100 billion in the first quarter of 2013, Digitimes Research observed. Revenues continued to contract in the second quarter, slipping to KRW62 billion or 71.5% of Silicon Works' total revenues.

In addition, unlike fellow Taiwan-based LCD driver IC companies, which target applications ranging from handsets, notebooks and LCD TVs, Silicon Works' LDI business was negatively affected by its unfavorable product mix in the first half of 2013, Digitimes Research noted.

Silicon Works' driver IC shipments for Apple's iPads, for instance, accounted for as much as 48% of company revenues in the third quarter of 2012. The proportion had already shrank to less than 30% in 2013, Digitimes Research pointed out.

Digitimes Research anticipates that Silicon Works' LDI business is set to suffer its first revenue decline since 2008 in 2013.

Source: Digitimes Research, October 2013

Realtime news
  • China camera module suppliers gaining ground in smartphone space

    Mobile + telecom | 39min ago

  • Veeco seeks to invalidate AMEC patent before Beijing IP court

    LED | 53min ago

  • Everyyoung to cooperate with Materialise

    IT + CE | 1h 3min ago

  • Alibaba applies AI to Shanghai subway

    IT + CE | 1h 9min ago

  • Notebook ODMs see rising shipments in November

    IT + CE | 1h 19min ago

  • China state-run firm procures 3.4GWp of PV modules

    Green energy | 1h 26min ago

  • Lens module makers see on-month growth in November revenues

    IT + CE | 1h 37min ago

  • Taiwan market: Canon launches PowerShot G1 X Mark III

    IT + CE | 1h 45min ago

  • Pegatron reports decreased revenues for November

    IT + CE | Dec 11, 17:41

  • Lite-On Tech revenues drop on year in November

    IT + CE | Dec 11, 17:41

  • Radiant Opto reports increased revenues for November

    Displays | Dec 11, 17:40

  • D-Link revenues drop on year in November

    Mobile + telecom | Dec 11, 17:40

  • Foxconn Technology revenues surge 140% on year in November

    IT + CE | Dec 11, 17:39

  • Daxin enjoys growing performance in year-to-date results

    Before Going to Press | Dec 11, 22:26

  • Worldwide smart speaker sales expected to reach 30-50 million units in 2018

    Before Going to Press | Dec 11, 22:16

  • Topco sees small on-year growth in November revenues

    Before Going to Press | Dec 11, 22:16

  • Solomon Technology partners with UR for 3D vision technology development

    Before Going to Press | Dec 11, 21:53

  • Taiwan market: Nexstgo announces Avita Liber series notebook

    Before Going to Press | Dec 11, 21:37

  • Cooling fan maker Power Logic scheduled for listing on December 28

    Before Going to Press | Dec 11, 21:36

Pause
 | 
View more
Global notebook shipment forecast, 2017 and beyond
Global AP demand forecast, 2017-2020
Global notebook shipment forecast, 2017 and beyond
  • China AMOLED panel capacity expansion forecast, 2016-2020

    This Digitimes Research Special Report examines the China AMOLED industry, focusing on the expansion capacity of the makers, the current implementation plans of major smartphone vendors in the market and the technological hurdles faced by the China makers.

  • Taiwan server shipment forecast and industry analysis, 2017

    Digitimes Research estimates that revenues from sales of server motherboards, servers, storage systems and related network system equipment by Taiwan-based vendors reached NT$555.8 billion in 2016 and the amount is estimated to grow 5.9% on year in 2017.

  • Global notebook shipment forecast, 2017 and beyond

    This Digitimes Special Report examines key factors in the notebook industry, including products, vendors and ODMs, that will affect total shipments in 2017 and through 2021.