Tao Yuan, Taiwan, August 18, 2009 – Young Fast Optoelectronics (TT 3622), a leading supplier of touch panel solutions today reported financial results for the second quarter ended June 30, 2009. Revenue for the second quarter of 2009 was NT$2,936 million, an increase of 33.9% over NT$2,192 million of the first quarter of 2009 and increase of 73.5% over NT$1,692 million of the same quarter 2008.

 

“Customer demands for touch panels in the second quarter of 2009 remain strong; especially the fast rising demands of low cost smart phones further drives the demand for touch panel in the mobile phone segment” stated Mr. T.J. Lin, Chairman and CEO of Young Fast Optoelectronics. “11.96M units of touch panels have been shipped from YFO in this quarter, a 26.9% growth compared with last quarter! Due to higher penetration rate of touch panel in the mobile phone devices, we remain positive for the growth in the upcoming quarter” added Mr. Lin.  

 

Dr. Kan Chang, VP of Marketing, added “Growth of this quarter mainly comes from the increased demands for lens touch. Even higher adoption date of touch panels with the handsets will continues to increase the need for high quality touch panels”  

“Mid-size touch panels have been in the pilot run stage and we are expecting to begin the volume production in Q4 of this year with the launch of Windows 7”.