LED chip maker Genesis optimistic about China's public display market strong potential

Recently, LED chip manufacturers Genesis said its September revenue reached 40 million NT$1 billion ($4 million 360 thousand), short-term new sales record in this regard, Genesis is expected to Chinese public display market will further drive the LED chip sales development.

Genesis believes that China's public LED display market has begun to expand from large cities to small cities. At present, Genesis customers have covered the southern, central and northern regions of china. Compared to the first half of 2007 sales, Genesis grew by more than 50% in the same period in 2008, due to the use of price war avoidance strategy, earnings growth of 45%.

At the same time, Genesis said that in October China's public display market to maintain rapid development in early 2009 to maintain stable development is full of confidence.