The LED market will grow about 5 percent in 2016

LED industry oversupply obscure, Chinese mainland and international LED manufacturers price competition so that the LED industry into a "Red Sea" battlefield, LED factory also faces a whole and with the elimination, Nichia estimates that in 2016, about 5 percent of the overall market LED Micro web growth next year China and the European market will continue to slump, LED factory will be more and more M & A activity, but Nichia is currently no acquisition plan, the mainland Sands merger case, Philips Lumileds, Nichia also believe that this acquisition the text is difficult to come true.

China LED factory rely on government subsidies to a large number of expansion and market demand is low, the LED industry oversupply in deep trouble, the mainland and international companies price war, resulting in this year's LED market has become "Red Sea battlefield", Nichia estimates, 2016 LED plant will be phased out and the whole trend and.

Nichia said that in 2016, about 5 percent overall LED market growth slightly, but next year China and the European market will continue to slump, M & A activity will be more and more, Nichia is currently no acquisition plans; and the company's strategy is continuous development of innovative technology, a long time, the company invested a lot of resources in technology development, improve the standardization of existing products, in order to increase the size of the interests of price competitiveness, so as not to fall into the price battle.

Sands for China's acquisition of Philips Lumileds, Nichia said that the current case is blocked by the US government, although Philips said it will continue to communicate with the US government, but Nichia judged the case difficult to come true.