LED chip manufacturer Genesis Photonics Inc. (GPI) announced that June revenue reached NT $397 million (US $13.2 million), down 5.82 percent MoM, but growth of 27.54 percent YoY. Revenue for 2Q14 was NT $1.2 billion, up 10.68 percent compared to 1Q14. 

GPI flipchips are mainly applied in high power high voltage products, including street lights and ceiling lights, according to the Economic Daily News. Flipchip product revenue proportion in 1Q13 has increased 15 percent from 1Q13. The company anticipated the proportion to reach 20-25 percent by the end of the year, increasing profit margins.