Founded in April 2009, Samsung LED has become Samsung Electronics' main LED supplier in LED TV backlight applications. Samsung LED is aggressively expanding its MOCVD capacity and up until the second quarter of 2010, it had maintained revenue growth.
Samsung LED has remained as South Korea's largest LED company since 2009. Its 2010 revenues reached 1.32 trillion won (US$1.2 billion) to become South Korea's first LED company to surpass the 1 trillion revenue mark.
Though Samsung LED will continue to focus mainly on TV backlight applications in 2011, it expects LED lighting to contribute about 25% of revenues. The company will place more resources on the lighting market since it saw revenues began to decline in the second half of 2010 with TV vendors looking to lower inventory.