The opto semiconductor company, Seoul Semiconductor Co., Ltd. (KOSDAQ: 046890) became no.1 global backlight market for the first time.
Market research firm Omdia reported that Seoul Semiconductor recorded a market share of 16.5% in the global backlight LED market based on revenue in 2023.
Seoul Semiconductor supplies LED products and optical solutions for lighting, automotive and display applications. It also offers customized LED solutions for TVs, monitors, and automotive applications through thermal dissipation, local dimming, and optical designs based on WICOP technology in the display sector. WICOP is a no-wire, no-lens LED technology. Seoul Semiconductor supplies its products to global top ten automotive clients.
Kim Hong Min, Director of the Display Department at Seoul Semiconductor, said, “The company has secured 18,000 patents, which is quite remarkable in the LED industry, by investing almost KRW 100 billion, or approximately 10% of annual revenue, in R&D. We will focus on opto semiconductors and maintain our top position in the display sector through constant technological development and innovation.”
