South Korea-based LED maker Seoul Semiconductor Co Ltd says that it has narrowed the market share gap with global number-2 player ams OSRAM to just one percentage point, according to the ‘2024 Global LED Market Share Rankings’ issued by market research firm Omdia. Seoul Semiconductor was the only company among the global top three to sustain both revenue and market share, while industry leaders Nichia and ams OSRAM experienced significant revenue declines amid the slowdown in the LED market.
Seoul Semiconductor says that this is underpinned by its robust technological competitiveness, driven by its commitment to innovation even amidst global economic uncertainty. The firm has consistently invested over 10% of its annual revenue in R&D, resulting in a portfolio of more than 18,000 patents worldwide. In the last 20 years Seoul Semiconductor has won over 100 cases in patent litigation across eight countries. Read More
