Qilu Securities: Nobel Prize is expected to detonate LED Quotes

View: this week we stressed the importance of the Nobel prize in physics awarded for the LED industry to boost the role of announcing the arrival of the era of LED lighting, plus 60W and above in October the incandescent ban given LED lighting alternative provides a huge space, and we expect a new round of subsidies about rate issued in the four quarter, when LED will further stimulate demand and enhance future expectations. In addition, GTAT's bankruptcy filing is undoubtedly a challenge for sapphire intelligent terminal applications, but will not change the direction of the IT giant sapphire application firm, solve the cost and yield problems will be the key point of a new round of sapphire market. The semiconductor industry boom continued high, the transfer of the industrial chain to the mainland, the country is still strong support for the three logic is still clear, it is recommended with the entire plate.

Comments on the GT event: comprehensive information on all aspects, we believe that GTAT and Apple's cooperation has been a major challenge. In November 4th last year, GTAT signed a $578 million cooperation agreement with Apple's $five, Apple's supply of sapphire manufacturing materials. According to the plan, if the GTAT Arizona factory to achieve the desired objectives, apple finally GTAT will receive a sum of US $139 million at the end of October. However, from the sharp decline in GTAT in recent months, cash and the final application for bankruptcy protection measures, it is likely that Apple has decided to withdraw interest free loans in advance. Feedback from the downstream blue Bourne news point of view, GTAT heat exchange method had no mass production experience, the new plant production capacity and the rate of climb significantly lower than expected, resulting in high cost of sapphire. GTAT filed for bankruptcy protection does not mean to give up the apple sapphire cover consumer electronics hardware innovation pace is slow, the intelligent mobile phone hardware function specification upgrade has reached a bottleneck, the vast majority of hardware functions are surplus to users. The best way to improve the user experience innovation is material and appearance, and even the future of double-sided sapphire sapphire cover shell as the mobile phone user experience and enhance the grade of very good way, we believe that the international giants will not give up. From the current understanding of the information, thinking, Bourne did not give up the blue sapphire cover project, has been trying to improve method of yield, many domestic manufacturers of sapphire after the incident may usher in turn overtaking opportunity. Short term although there is pain, but as long as the sapphire high hardness, beautiful, consistent with the characteristics of the sensor needs to use the same, we do not have to be too pessimistic about the overall industry.

On the Blu ray LED won the Nobel Prize comment: LED era has been opened, civil lighting in full swing. At this point, Nobel jury awarded the award to LED's three scientists, no doubt the industry as a whole has a symbolic significance. It is not only a coincidence, but also a necessity to announce the arrival of LED lighting in the way of Nobel prize. From the beginning of this year, the lower reaches of the advantages of LED lighting products have been shown, the source of the industry boom is the general lighting market. With the increasing penetration of LED general lighting, the industry boom will be quarter up. In addition, the overall transfer of the LED industry chain is also a trend to the mainland, we learned from the mainland's major LED manufacturers industry boom and visibility are very high. Energy-saving lamps subsidies starting in 2008 is coming to an end, the national development and Reform Commission and the Ministry of Finance and other relevant departments are studying and subsidy policies to promote LED lighting products, and efforts will be combined with the characteristics of subsidies in the form of LED lights in energy-saving lamps on the basis of the corresponding adjustment. We expect a new round of subsidy policy rate in the four quarter, which will further stimulate demand and enhance future expectations LED.

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