GLII: 2015 LED chip industry shuffle will enter deep water area

[Text|High-tech LED Industry Research Institute (GLII)] The number of LED chip companies that have been put into production during the period of 2010-2014 is very limited. At present, only Dalian Lumei, Shanghai Lanbao, Zhenmingli (acquired), Fangda Guoke A limited number. The high-tech LED industry research institute believes that this situation will be rewritten in 2015 based on the following three reasons. In particular, the survival pressure of SMEs will increase and will be withdrawn in batches.

1) The gross profit margin of most LED chip companies in 2014 is based on between -10% and 40%. It is expected that the gross profit margin in 2015 will further widen between -15% and 45%, that is, enterprises with advantages are increasingly Making money, and companies without advantages will lose money and lose market competitiveness;

2) Most of the LED chip companies behind the investors have a lot of venture capital, government, state-owned enterprises and other complex backgrounds, the benefits involved in the withdrawal are numerous, most of them do not dare to withdraw easily. Although the exit is very difficult, more than 75% of the enterprises in 2014 are still in a state of loss. However, with the expiration of the policy, the loss of the past several years has reduced the overall support of the enterprise, and the enterprise has problems or forced due to the capital chain. The exit pressure rises linearly;

3) Most enterprises have weak technical strength. It is difficult to have complementary technical effects when they merge with each other. The cost of the former equipment has been greatly reduced, and the performance is better. The powerful chip companies tend to expand their production directly. Because the new model MOCVD equipment introduced by VEECO and AIXTRON in 2014 was converted into a 54-piece machine and the price was only about half of the previous year, and the production cost of the epitaxial wafer was saved by more than 20%, the production efficiency was improved by more than 20%, and the product performance was improved by more than 20%. . At the same time, the price of chip equipment has also dropped to about half of the original, plus most of the new MOCVD still enjoys subsidies of 3 million to 5 million yuan or more. Enterprises without new equipment will be subject to price and profit. Serious challenge.

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