- Seoul Semiconductor inspires hope for young people, small businesses, and entrepreneurs by developing new history of light
- �Respect of intellectual property creates new opportunities for more fair growth�
ANSAN, South Korea--(BUSINESS WIRE)--#2ndGenerationLEDPatentedTechnology--Seoul Semiconductor Co., Ltd. (�Seoul�) (KOSDAQ 046890), a leading global innovator of LED products and technology, announced that the Company has achieved the third rank in the global LED market of 2020, based on a report released by Omdia, global research leader.
According to the Omdia report for LED Supply & Demand Market Tracker, Seoul�s ranking of the third is a first time achievement, recording shares of USD 898 million in the total packaged LED market with growth of 4.3% year after year to surpass Lumileds, a LED manufacturer in the U.S.
Seoul has continued to invest around 10% of annual revenues towards R&D over 30 years with a focus on optoelectronic semiconductors, including an investment of over USD 100 million, and now holds a portfolio of more than 14,000 patents - the largest amount in the LED industry worldwide. In addition, Seoul has furthered the development of second-generation technologies and prevailed in numerous patent litigations across the U.S. and Europe by successfully obtaining permanent injunctions and recalls of the infringing products sold.
�After seeing an article about Jimmy Carter, who was also the son of a farmer, to become elected as president of the U.S., I became inspired. My goal was to achieve more through creating innovative technologies and success stories that can empower young people in Korea and deliver hope for them. Throughout my journey, I have intensely focused our profits towards R&D and fought strongly in patent litigations every step of the way. I believe in the culture of fair competition, in which respecting intellectual property is essential,� said Seoul�s founder Chung Hoon Lee.
About Seoul Semiconductor
Seoul Semiconductor is the world�s second-largest global LED manufacturer, a ranking excluding the captive market, and has more than 14,000 patents. Based on a differentiated product portfolio, Seoul offers a wide range of technologies, and mass produces innovative LED products for indoor and outdoor lighting, automotive, IT products, such as mobile phones, computer displays, and other applications. The company�s world�s first technologies are becoming LED industry standard and leading global market with a package-free LED, WICOP; a high-voltage AC-driven LED, Acrich; a LED with 10X the output of a conventional LED, nPola; a ultraviolet clean technology LED, Violeds; an all direction light emitting technology, filament LED; a natural spectrum LED, SunLike; and more. For more information, please visit www.seoulsemicon.com/en.
Contacts
Seoul Semiconductor Co., Ltd.
Jeonghee Kim
Tel: +82-70-4391-8311
Email: [email protected]
