Skip to main content

declare bankruptcy under a new government resolution to reduce subsidies

Analysts point out oversupply and the economic downturn has depressed prices to below production levels, meaning large numbers of small companies have already closed their businesses. It’s no choice but to integrate or declare bankruptcy under a new government resolution to reduce subsidies.

Over the past three years, the Chinese government has been instrumental in providing support to Chinese LED chip companies in the form of tax breaks and free land use. It has also provided $1.6 billion of funds to companies to purchase the MOCVD. Due to government support, global share of the market for packaged LED components rose from 2 per cent in 2010 to 6 per cent in 2011.

But the boom years are coming to an end, with many of China’s LED chipmakers operating their factories at 50 per cent capacity. Around half of the 700 or so factories that received government help have been left idle.

Now the Chinese government is said to want to reduce the expenditure given to smaller companies focussing instead on larger ones like Elec-Tech International Co Ltd and Sanan Optoelectronics Co Ltd, China’s top LED chipmaker with a market value of $2.8 billion.
Labels:

Comments

Post a Comment

Popular posts from this blog

the global electronics industry to provide more energy-efficient products

Managing Director for Sabik said, “Carmanah’s understanding of energy management is evident in the performance of their short-range solar LED marine lights, and we believe the Carmanah lights will be an excellent complement to Sabik’s marine product family.” Sarvikivi added that he expects future joint product development that will combine the best of Carmanah and Sabik’s technology to bring new products to the marine lighting market. The investment, which was supported by Wirral Council and The Mersey Partnership (TMP), who helped secure additional funding of 300,000 pounds from the Northwest Regional Development Agency (NWDA), is expected to enable SAFC Hitech to strengthen its position as a leading global supplier of TMG and satisfy the growing demand for the material in the production of high brightness LEDs (HBLEDs) for use in applications such as backlighting in flat panel television sets and energy efficient lighting. Reducing energy consumption and extending energy efficiency a...
Post a Comment
Read more

medical lighting to analytical instrumentation

Information about Excelitas Technologies will be available in the coming months through www.excelitas.com. During the transition period, please visit lighting for information on Excelitas’ illumination offerings, LED Linear high bay light detection for information on sensors and emitters and Defense for information on Excelitas’defense offerings. Excelitas Technologies is a global technology leader focused on delivering innovative, customized solutions to meet the illumination, detection and other high-performance technology needs of OEM customers. From medical lighting to analytical instrumentation, clinical diagnostics, industrial, safety and security, and aerospace and defense applications, Excelitas Technologies is committed to enabling our customers' success in their specialty end-markets. Excelitas Technologies has approximately 3,000 employees in North America, Europe and Asia, serving customers across the world. The company was previously the Illumination and Detection ...
Post a Comment
Read more

We expect global sales to be about 60 percent of YAHAM going forward

Rice has served customers, built partnerships and done deals around the world for more than 20 years.He will be responsible for all non-U.S. markets with particular emphasis on high-growth markets such as China, India, the Middle East and Brazil where he will accelerate LED Linear high bay light efforts to meet customer needs with GE’s leading technology and services. In many of these markets, this includes GE’s “company to country” growth strategy in which GE works directly with governments to meet local needs. According to GE Chairman and CEO Jeff Immelt, “We expect global sales to be about 60 percent of GE going forward. Our global growth has expanded by about 15 percent a year for most of the past decade and we expect it to continue in the future,” Rice will oversee 12 integrated local organizations that will include business development, commercial teams, finance, led high bay light controllership and legal. This will include China, India, Southeast Asia, Latin/South America,...
Post a Comment
Read more