Tag: market decline

LED industry takes a hit

flexible LEDA report said that dropping demand for notebooks, TVs and the like are causing something of a crisis in the LED manufacturing industry.

The Photonics Technology and Industry Development Association, quoted in English language daily the Taipei Times, estimates that sales of products could drop as much as 10 to 20 percent during 2015.

And that’s caused suppliers of LED lighting to start a frenzied price war.

The association said that the top 10 manufacturers in Taiwan saw a nine percent drop in sales in the first half of this year and made losses rather than the profits they made in the same period last year.

It’s not just Taiwan that’s been affected by the drop – it’s a global effect – but one market that is unlikely to be affected is the Chinese market, the association said.