After its average selling price (ASP) dropped by 25% in 2016, Phecda Technology, specializing in LED patterned sapphire substrates (PSS) manufacturing, could possibly experience a turnaround this year. On one hand, in terms of revenue, Phecda Technology topped in the industry with the amount of NTD 530 million, rising from NTD 340 million in 2015. On the other, it ended the disappointing profit slump at the end of 1H16 and slowly recuperated in 2H16. The Tier 1 giant’s financial results reflected how down the market was in 2016, according to several juridical persons.

Following listing on the Taiwan bourse on Dec. 19, 2014, leading sapphire manufacturer Phecda Technology announced its ambition of becoming one of the world’s top three Patterned Sapphire Substrate (PSS) supplier, according to a report by China Times.