The LED industry is still not government matchmaker integration trend

The Ministry of information industry and electronic information division deputy director Diaoshi Beijing held in 18 "Chinese Beijing 2012 International said flat-panel display industry forum, the industry entered a critical transition period and the transition period. The government will not matchmaker, integration is still the trend.

Since ten years ago BOE began to enter the field of liquid crystal industry, the "top three" strategy, China's flat panel display industry has developed more than ten years. The second half of 2012, China's flat panel display industry is still facing the grim situation of opportunities and challenges, the industry a new round of mergers and acquisitions.

Diao Shijing believes that the whole industry entered a critical transition period and the transition period: "IPAD, intelligent mobile phone on the display panel technology is proposed to improve the update requirements, at present the whole industry chain layout has been completed, strengthen innovation and improve the supporting the next step. From Europe and the United States two economies, there are still uncertainties, the impact on the entire industry will continue. "

Diao Shijing pointed out that the whole industry is still a small size, the main investment is scattered, lack of R & D strength, low level of key issues related to localization. At the same time, the panel industry mergers and acquisitions, enterprises set off a new upsurge of cooperation, the main focus of the business trend is obvious. After Changhong and AU Optronics company Jing Zhi photoelectric photoelectron LCD TV module project investment; CMO, Innolux, Toppoly 3 companies with the establishment of new beauty electricity; CEC holding Hongkong AOC science and technology etc..

From the domestic LED chip in the new century will be the leading three

From the domestic LED chip factory is the industry pass shares Sanan Taiwan factory last week, led the team to visit the new century high low-key. It is understood that three out of the excellent condition and positive attitude, coupled with the complementary products, market segments, will be negotiated cooperation mode before the end of the year, to attack lighting opportunities next year.

The government is determined China support, three use price war has been in the small size of the blue LED chip market leading epitaxial crystal electric Taiwan threat. It is understood that the Taiwan Delta, including billion light in the low order product line began to use the number of three chip, however, with the high power chip price increase, an immediate stage of success from short-term technical threshold challenge.

Since the new century from the green into the blue LED market, is aimed at high power and brightness of the product, the price war is currently the main three products, and customers, market layout, and there is three complementary benefits, thus actively contact with the new century three. But how to maintain the existing technology, it can share the mainland lighting business and a big exam three, in the short term in the new century.

It is understood that the new century will not be extended MOCVD machines, is expected to improve the efficiency of single production capacity, production capacity will be increased by 20%, and will be a new series of AT (high current LED) into the market niche type LED lighting system. But plans to expand production scale three market share, price war, the main LED lighting lamp, the lamp will be in the future standardization of LED lighting. Both long-term market layout is complementary, is also recognized as a very good pair.

[LED Industry Research Report Summary]

Investment perspective:

Lextar with Wellypower, industry consolidation is still deepening. Canyuan by large shareholders will Mitsui LED lighting pathway global reach, the channels of importance in promotion. The European and American sales price increased by LED TV demand, LED backlight penetration sharply, EPISTAR, canyuan, the new century is full of water to maintain the backlight capacity. Europe and the United States price promotion requirements, Chinese such subsidies and demand before the lunar new year demand is expected to support the backlight smoothly successor, high degree of prosperity. Investment advice: backlight: Dongshan precision, Siu Chi shares, REFOND; lighting enterprises: honglitronic, nationstar, Yankon; upstream enterprises: Sanan optoelectronics.

Industry dynamics:

1) in 2012 the global LED lighting output is expected to reach $11 billion (2) and lextar electronics Wellypower announced the merger of Taiwan factory merger integration trend (3) the Ministry of Commerce on the cross-strait industrial cooperation gives four suggestions to promote the 4 key items with LED) in Guangdong to implement the online promotion of LED lighting business reporting as of September 20th (5) Zhuhai city the public domain before 2013 to switch to LED lighting lamp (6) Changchun Jilin high tech Zone 5 years to build a national LED Industrial Park (7) Taiwan people forecast: 2015 will exceed 30%, exit of firms (8) Tianlong photoelectric MOCVD signed the first single test results into focus (9) CREE launched 150 mm 4HN type silicon carbide epitaxial piece (10) silicon Gan: Logic optical integrated chip (11) canyuan released the latest high brightness LED light effect of 230lm/W (12) canyuan said through Mitsui is expected to become a "world-class" LED lighting suppliers (13 Taiwan LED industry will enter the Q4 light of the second quarter of the century and then become the focus of light (14) Seoul semiconductor announced Acrich2100lm/WLED module production (15), said the company will be able to carry out a photoelectric chip LED institutions point of view:

DIGITIMES: analysis of the competitiveness of Asian LED chip manufacturers do not constitute a threat to the market review:

Last week, A shares of LED industry stocks, optical crystal, Tongfang Guoxin, tiantonggufen, South photoelectric Moso in or before 5; the state of science and technology, Furi Electronics Lehman optoelectronics, EPI precision, Dazu laser in decline among the top 5; rectangular lighting, Keheng shares, South light electricity, Jufei, HC semitek turnover before 5.

Risk warning: European economic uncertainty leads to export risk; semi annual report lower than expected risk