LB Semiconductor plans to reduce revenue dependence on DDI products
The goal of LB Semiconductor, a South Korean chip assembly and testing company, is to reduce its reliance on display driven ICs (DDIs) for revenue growth.
LB Semiconductor Vice President Kim Jeong kyu stated that 2023 is a period of reflection on which business areas it will invest in, in order to plan the areas it wants to invest in the future.
Kim Jeong kyu stated that the company is promoting services to domestic and foreign companies and is expected to see an improvement in the second quarter.
These promotional activities are aimed at CMOS image sensors (CIS) and system level chips (SoC), which are new business areas launched by the company in 2022.
Currently, LB Semiconductor's main source of income is DDI, which accounts for over 70% of its revenue.
According to LB Semiconductor, the company has been investing heavily in chip equipment other than DDI in search of new growth. It has 50 power management IC testing equipment, 30 SoC testing equipment, and 50 CIS testing equipment to provide these services to customers.
LB Semiconductor is also seeking to obtain ISO/IEC 15408 certification before the fourth quarter of this year, which will enable the company to handle its flagship products for customers. It already has the ISO 27001 certification required for automotive chips.
Kim Jeong kyu stated that the company is promoting services to domestic and foreign companies and is expected to see an improvement in the second quarter.
These promotional activities are aimed at CMOS image sensors (CIS) and system level chips (SoC), which are new business areas launched by the company in 2022.
Currently, LB Semiconductor's main source of income is DDI, which accounts for over 70% of its revenue.
According to LB Semiconductor, the company has been investing heavily in chip equipment other than DDI in search of new growth. It has 50 power management IC testing equipment, 30 SoC testing equipment, and 50 CIS testing equipment to provide these services to customers.
LB Semiconductor is also seeking to obtain ISO/IEC 15408 certification before the fourth quarter of this year, which will enable the company to handle its flagship products for customers. It already has the ISO 27001 certification required for automotive chips.