Qijing non-driven IC product line This year, Q2 accounted for 13.7% of Qijing's revenue, and the product line's revenue growth rate was 13.2%. Qijing said that the overall performance of Q2's non-driven IC product line is stable this year. After the capacitor multi-touch IC began to ship in Q4 2011, the growth will also maintain good results, mainly for customers who supply the first-line brand of smart phones. The foundation has been successfully introduced into new mobile phone customers. Power management ICs, CMOS image sensors, and wafer-level lenses continue to grow significantly. However, Wonderland pointed out that LCOS micro-projection solutions and TV control chip products are undergoing a transition period due to product transitions. Both closed down.
Overall, Qijing believes that after some of the business is repositioned, it will continue to grow in the long run. Looking ahead to Q3, Wonderland expects single-quarter revenue to remain at the level of Q2, and gross margin will rise slightly as the product mix continues to improve.
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