THEIL to supply substrates for fuel cells
Ingrid Lee, Taipei; Meiling Chen, DIGITIMES [Wednesday 5 August 2009]
LED ceramic substrate maker Tong Hsing Electronic Industries (THEIL) has announced it is scheduled to volume produce fuel cell substrates in December. The new product line is expected to begin contributing revenues in 2010, and revenue share of the green energy segment is likely to increase to over 50% next year, said company president Henry Liu.
THEIL expects its capacity of fuel cell substrates will increase more than 10 times in 2010.
THEIL saw revenues increase 40% in the second quarter, better than the company’s earlier expectations. Revenues from the LED ceramic substrate segment in the third quarter so far have already surpassed previous quarterly levels, and revenue share of ceramic substrates is expected to top 45% this quarter, according to the company.
In addition to ceramic substrates, THEIL also expects to see growth in RF module and mixed-signal IC businesses in the third quarter.
