Seoul Semiconductor Co., Ltd., an LED manufacturer has announced that the company was ranked as number four in the global rankings for Packaged LED Revenue in 2013 according to the market research firm IHS Technology. This is a step up from the 2012 ranking of number five global LED manufacturer despite any internal captive revenue.
One of the most important factors of Seoul Semiconductor’s consistent growth in the global LED market is based upon its established patent portfolio that consists of more than 10,000 patents. The company invests approximately 10% of its sales revenue each year into LED product research and development. Seoul Semiconductor was also the sole semiconductor company that only manufactures LED components to be selected in the 2012 and 2013 Semiconductor Manufacturing Patent Power Ranking by the Institute of Electrical and Electronics Engineers (IEEE).
As Seoul Semiconductor has manufactured LED technology for more than 20 years, the company continues to secure its place in the global LED market with continuous improvements and advancements in its LED product portfolio. In 2006, Seoul Semiconductor launched the revolutionary direct AC LED technology ‘Acrich’ which can be driven directly from AC without an AC-DC converter. After that, Seoul Semiconductor launched the nPola LED technology to boost brightness 5-10 times that of a conventional LED. Recently in June, Seoul Semiconductor launched the next generation of smart lighting with ‘Acrich3’ IC technology.
From the early 2000s when the LED lighting market was not fully developed, Seoul Semiconductor strengthened its sales teams and global marketing strategy. The company secured its business competence by providing high-quality LED products through 50 overseas sales offices including five production sites in Europe, North America and China.
Jung-Hoon Lee, CEO of Seoul Semiconductor, notes that “Because Seoul Semiconductor has no captive market and does not produce or sell LED lighting finished goods all LED lighting manufacturers in the lighting market, which is estimated to grow to $150 Billion, are potential Seoul Semiconductor customers.”