Largan to proceed with expansion plan

ADDED FEATURES: CEO Adam Lin said that price erosion was not a concern, as the complexity of front-facing camera units would increase as technology improves

Taipei Times
Date: Jan 11, 2019
By: Ted Chen  /  Staff reporter

Smartphone lens maker Largan Precision Co (大立光) is to proceed with its expansion plans, despite slowing growth in the global market, Largan chief executive officer Adam Lin (林恩平) told a teleconference with investors yesterday.

The company’s added capacity would be filled as smartphone designs continue to trend toward triple-camera configurations, sustaining demand for lenses, Lin said.

Concurrently, the company’s leading-edge seven-piece lenses began shipping at the end of last year, with many of them being used in triple-camera configurations, he said.

The company would refrain from taking orders with subpar profitability to fill expanded capacity, instead looking for viable opportunities in other high-end applications such as 3D sensing and in-display fingerprint sensing, he said.

“We are not concerned about price erosion,” Lin said.    [FULL  STORY]

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