Korean factory Seoul Semiconductor's Q3 results in 2011 fell nearly 40%

September 08, 2019

[High-tech LED News] South Korea's LED giant Seoul Semiconductor recently announced its 2011 Q3 results. Seoul Semiconductor's Q3 sales were 166.1 billion won, down nearly 40% year-on-year, and Q3's operating profit was 6.8 billion won, down nearly 5/6 year-on-year.

Seoul Semiconductor said that the decline in Q3 performance was mainly due to the economic downturn in developed countries, resulting in a decline in demand for high-priced LED TVs and LED displays.

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