3. Whether surrounding industrial chain is complete or not? Surrounding not a complete industrial chain, will increase the difficulty and cost of raw materials procurement; 4. whether the talent rationing can be put in place? If the enterprises where went into operation, can not find a suitable and sufficient personnel, it is bound to bring troubles for the enterprise production, research and development, sales and other core areas.
Tailored precision investment
LED industry has a long industrial chain, the technical features of each area and the capital characteristics are very different. From upstream, midstream to downstream, the barrier for enterprise to enter industries reduced gradually. Generally speaking, the upstream epitaxial wafers with a typical “double high” (high-tech, high-capital) characteristics, the midstream chip technology content is high, capital is relatively intensive. Downstream packaging technology content and capital inputs are rather lower, while applications technology content and capital investment input the lowest minimum.
For the different characteristics of the LED industry chain link, investors should invest according to their strength and targe: If the capital strength is powerful and tried to occupy the leading position in the field of LED Products, they can be considered through the upper and middle reaches of the high-end cut. But take note that, the field of investment quota is huge, and the relative lack of professional and technical personnel, so the investment risk increased, the rate of return on investment is quite slow; If the capital strength is general and do not want to take too much risk, you can consider investing in the packaging field, because it is closer to application market and reduce risk.
Most investors tend to invest in the field, and full of hope for the power-type package; if it is small amounts of capital, cutting from the applications is preferred, because the lowest application products in the market access threshold, directly facing the terminal market, technology risk, low investment and quick return. However, as the competition of this field is an increasingly market, most manufacturers take the low-cost competitive strategy, and lower profit margins.