31 Oct '12, 12pm

China Market: Nichia hopes to obtain 30-40% market share in 2013:

China Market: Nichia hopes to obtain 30-40% market share in 2013 Siu Han, Hong Kong; Jackie Chang, DIGITIMES [Wednesday 31 October 2012] To build market share in China's LED lighting market, international firms have been expanding capacity. Philips' Lumileds has revealed plans to expand LED component capacity in its Malaysia plant in November. The firm expects daily production of high-power LEDs to increase from 2-3 million units to four million units. Japan-based LED firm Nichia is also set to expand its market share in China. The firm has invested around CNY10 billion (US$1.6 billion) to build new plants and install new equipment in 2012. Nichia hopes that by expanding capacity 20% in 2013, the firm can obtain a 30-40% market share in China. LED firms noted that LED lighting in China is likely to commercialize quickly due to government support. International firms such a...

Full article: http://www.digitimes.com/news/a20121030PD204.html

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