South Korea’s two major automotive light-emitting diode (LED) makers saw their revenues increase last year despite an overall market slump amid the pandemic, a report showed Friday.
Samsung Electronics, which runs the LED business under its device solutions (DS) unit, logged a revenue of $71 million in 2020, up 18.3 percent from a year earlier, while its market share expanded from 2.3 percent to 2.8 percent.
Germany’s Osram Opto Semiconductor GmbH expanded its leadership with a commanding 36 percent market share in 2020 after posting $926 million in revenue.