Seoul Semiconductor announced its latest financial report, with sales estimated at 1.3 trillion won in 2021

Recently, Seoul Semiconductor announced its latest financial report. In the fourth quarter of 2021, the company will achieve temporary consolidated sales of KRW 313 billion, and full-year sales are expected to reach KRW 1.30 trillion, up 12.8% year-on-year.

Seoul Semiconductor said that through the continuous diversification of its customer structure and solid performance in the automotive sector, the company's performance in the fourth quarter met the performance guidelines announced in the third quarter, that is, Q4 sales are expected to be 310-330 billion won.

Seoul Semiconductor pointed out that the company's productivity decline in the fourth quarter of 2021, in addition to the impact of traditional seasonal factors, is also due to the unstable supply of raw materials and semiconductors, while the price of LCD panels increased by 40% year-on-year, resulting in the overall weak demand for TVs and displays in the global IT industry. However, Seoul Semiconductor actively responded, and quarterly earnings still increased slightly year-on-year.

It is worth noting that on January 5, Seoul Semiconductor participated in the CES 2022 exhibition and showcased a number of innovative technologies. In the automotive sector, Seoul Semiconductor has introduced WICOP mc, a core display technology for autonomous vehicles to communicate with other vehicles, WICOP ADB (Adaptive Drive Beam), and Violeds UV LED sterilization technology for vehicles.

In terms of display, the new technology LBL (Low Blue Light) technology debuted at CES. According to reports, LBL is a display technology that achieves the best image quality and blocks blue light at the same time. Unlike traditional blue light blocking filtering, LBL, a patented technology of Seoul Semiconductor, minimizes harmful wavelengths (415 to 455 nm) in blue light wavelengths, resulting in crisp image quality without color distortion.

Image source: Paixin Gallery

In addition, Seoul Semiconductor has also launched Mini/Micro LED products that are scheduled to be mass-produced in 2022. According to reports, Seoul Semiconductor began mass production of MiniLED in 2021, and successfully developed an LED with a size of 1 micron in August 2021 as a blue and green light source in the three primary colors (RGB), and soon adopted in the high-end products of TV manufacturers. It is understood that Seoul Semiconductor's MiniLED products have entered the supply chain of Samsung MiniLED backlit TVs.

In terms of lighting products, Seoul Semiconductor has launched SunLike technology, which is a lighting technology that optimizes human circadian rhythms based on the realization of natural light and wavelengths based on time, and unlike traditional lighting, lighting products equipped with SunLike technology help improve students' working memory and learning ability and protect eye health. At present, SunLike technology has been verified by the research teams of Seoul National University in South Korea, the University of Basel in Germany and Harvard Medical School, and has received positive market feedback.

Looking ahead to 2022, Seoul Semiconductor believes that sales are expected to continue to grow in 2022, driven by a number of future innovative technologies. Seoul Semiconductor said that the sales, profit and loss for the fourth quarter of 2021 and the details of the sales forecast for the first quarter of 2022 will be announced in early February. (Compiled by Irving)