In 2013 the LED Chips Production Value of Mainland Chinese Companies Reached 992 M USD, with a Year-on-Year Growth of 17%

January14, 2014

From:led inside

Global market research firm TrendForce's Green Energy Division LEDinside said that, in 2013 the LEDchips total revenues of mainland Chinese companies(which mainly based on mainland investment, similarly hereinafter) reached 992 M USD, with a year-on-year growth of 17%, and is expected to reach 1182 M USD in 2014.

According to LEDinside analyst Allen Yu, in 2013, being influenced by the rapidly enhanced penetration of LED commercial lighting, chip capacity utilization has largely improved, however due to continuous decline in chip price, the growth rate of production value was less than that of production volume.