Lextar Electronics reported February 2011 revenues of NT$540 million (US$18.35 million), up 12.2% sequentially and 50.4% on year. The LED chipmaker credited the positive result to strong orders from parent company AU Optronics (AUO) for large size backlight applications. Lextar is also bullish on the LED lighting market and has set clear internal plans for 2011. LED lighting will represent less than 10% of Lextar's revenues.

Lextar's Taiwan facility had about 80 MOCVD sets at the end of 2010, and its plant in Suzhou, China will install 50 sets in 2011 with production scheduled for the first half. The plant currently under construction in Hsinshu, Taiwan is expected to focus on LED lighting applications and will begin volume production in the fourth quarter.

Lextar has announced a net profit of NT$1.23 billion for 2010 with an EPS of NT$3.65. Revenues for the year totaled NT$8.06 billion, up 297% on year, and operating gross margin was 25%, and profit margin 17%.

In related news Formosa Epitaxy indicated that record sales are projected for the second quarter. The company received orders worth NT$400 million in January but was unable to fulfill them all, which caused shipment delays. Revenues in February have recovered.