Chip supply and demand in the future is tight, chip price stability LED industry chain research is an obvious feeling that some old enterprises in the industry in the past because the machine is old, uneconomical, it is difficult to be competitive under current circumstances, product sales barely maintain cash flow payment interest. The number of MOCVD book machines does not reflect the actual supply (many machines can't be opened). If the original manufacturer does not have the funds and determination to invest in the update machine, it is easy to fall behind in the industry wave, and the strong Hengqiang pattern will become more and more obvious. Chip supply and demand will remain tight for some time to come. From the price point of view, chip prices are still stable. The lighting season effect is very obvious, the inventory of good manufacturers Q3 high operating rate of the lighting industry is very obvious, usually Q1, Q2 to the channel distribution, and then look at the channel to improve the situation. So Q3 is relatively light, and many manufacturers are waiting to see and then adjust. Some traditional factory goods are under a lot of pressure. Many types of products must be used to satisfy dealers. Some Q1 and Q2 stocks of standard lighting are well-reformed. The overall LED lighting momentum is developing rapidly. It is expected that the operating rate of Q3 in the off-season will remain high. The growth of LED lighting is an opportunity for the mainland industry chain. The integration capability of the system is more important. In 2014, LED lighting will surpass the medium and large size backlights and become an important driving force in LED demand. The output value of LED lighting will grow from 20 billion US dollars in 2014 to 2018. $49 billion. Compared with the backlight industry chain, LED lighting is an opportunity for Chinese manufacturers, because China's lighting accounts for 60~70 globally, and the industrial chain is in China. As LEDs enter the period of parity and scale, the LED industry will be more influenced and driven by the laws of the semiconductor industry, which is reflected in the more detailed division of labor in the industry chain and the more concentrated industrial scale.
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