LB Semicon sees Q2 profit jump thanks to Samsung CIS order

LB Semicon said on Friday that it posted 121.6 billion won in sales and 12.6 billion won in operating income during the second quarter this year.

It is an increase of 14% and 56.2%, respectively, from a year ago.

LB Semicon became Samsung Electronics’ secondary vendor for CMOS image sensor testing last year.

Earnings from the deal has been reflected on LB Semicon’s second quarter earnings.

LB Semicon had relied on LX Semicon and Magnachip for its sales prior to its deal with Samsung.

The firm focused on display driver IC and power management IC for its sales then.

Samsung is increasing its CMOS image sensor production as the number of cameras on smartphones continue to increase.

The South Korean tech giant also launched Isocell Auto, its latest image sensor for automotive application.

LB Semicon also saw high demand for display driver ICs during the second quarter thanks to high demand for TVs ans tablets caused by the pandemic.

Sales is expected to increase further in the third quarter from high chip demand, the company added.