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Taiwan-based EMS provider Lite-On Technology has started operating in around six to seven new business fields and expects four—automotive electronics, LED street lamps, industrial automation and biotechnology/medical care—to begin to profit in 2016, company chairman Raymond Soong said during the company's 2015 shareholders' meeting, as reported by Digitimes.
Lite-On has become the largest Taiwan-based maker of automotive electronics in terms of revenues. For LED street lamps, the company has attained a market share of 40% in Taiwan and 40% in the United States. In particular, Lite-On has recorded LED street lamp market share of 100% in Los Angeles and San Francisco.