nes, climbed to a six-week high on Taipei's stock exchange after the Economic Daily News reported LED demand is outstripping supply. The company's shares jumped by the 7 percent daily limit to NT$161.50, closing at their highest level since July 31. The benchmark Taiex index rose 0.2 percent.
Epistar's production capacity trails orders by 30 percent to 40 percent, the Taipei-based Chinese-language newspaper reported yesterday, citing Lee Biing-Jye, chairman of the Hsinchu-based company. The shortage may last until April, the report said.
LEDs are used as backlights in screens of mobile phones, laptop computers, flat-screen televisions and traffic lights. This week, Epistar reported August sales rose 69 percent to NT$955 million. Its shares have advanced 67 percent this year.
