Chinese (continental) companies are again using subsidies to cope with growing demand. Mid-power LEDs for lighting, automotive headlights and signage performed well in 2017 and will continue to grow in 2018 and even some of the announced orders may be cancelled or postponed to the next year. Overcapacity is expected to have a major impact on some markets, including lighting, while the latest report from the automotive market research institute IHS Markit presents some points of view for the LED industry: â—† IHS Markit forecast after evaluating the supplier's procurement plan In 2018, 330 metal organic chemical vapor deposition (MOCVD) reaction chambers will be built to produce gallium nitride (GaN)-based LEDs. â—† The new MOCVD reactor will result in a 7.4% GaN LED surplus in 2017, a further increase to 15.8% in 2018, and an increase to 28.3% in 2019 (average capacity utilization rate of 78% in 2019). â—† Focus Lighting and Shenzhen MTC have announced MOCVD expansion plans in recent months, while Sanan, Osram Opto and HC Semitek Etc. will also expand in 2018. â—† In the peak period of MOCVD shipments, the number of reaction chamber shipments in 2010 reached 754. However, given the greater capacity of today's more modern reaction chambers, the actual area capacity of wafers and chips in 2018 will be comparable to the peak year. In the past two years, GaN LED die and chip surplus have been small. Capacity utilization has been high, but in an environment of uncertain demand and falling prices, suppliers are reluctant to make further investments. Chinese (continental) companies are again using subsidies to cope with growing demand. Mid-power LEDs for lighting, automotive headlights and signage performed well in 2017 and will continue to grow in 2018 and even some of the announced orders may be cancelled or postponed to the next year. Overcapacity is expected to have a large impact on some markets, including lighting, while in the higher markets for cars and other barriers to entry. IHS Markit's forecast takes into account that available GaN LED supply AMEC and Veeco may work at full capacity to meet the higher demand expected in the next few years. Shipments in 2018 may even be limited by existing supply, not demand. China (Mainland) gains market share from other countries and regions China (Mainland) The production capacity of LED wafers and chips has increased significantly between 2010 and 2018. It has also changed from a small player in the LED market to a country with the largest capacity. In fact, China (Mainland) has more capacity than the rest of the world. This planned growth of Chinese (Continental) companies is not only to meet demand. Instead, the goal is to increase market share. In fact, Sanan (Mainland)'s current wafer and chip production capacity has been ahead of Jingyuan Optoelectronics (Taiwan Province). In the world of 2835 medium-power LEDs for general lighting in Asia for $0.01, LED suppliers from other countries and regions are aware that they cannot compete with China (Mainland) subsidies and low-cost competition. As a result, suppliers outside of China (Mainland) now typically focus on the growth and profitability of other LED categories, including high power rather than low power, cars rather than lighting, UV rather than visible light, and optical engines rather than packaged LEDs. Another development is that the capacity of most non-Chinese (continental) companies has not expanded in recent years. In fact, many of them don't invest in MOCVD, which means that over time, capacity will drop as old machines go offline. Instead, these companies buy chips from China (the mainland) and sell them as packaged LEDs and optical engines. In some cases, even the production of the entire packaged LED is outsourced to China (Mainland). The current trend of capacity expansion and further expansion in China (Mainland) may mean that this trend will continue. LG Innotek's revenue declined in the fourth quarter of 2017, and the company announced that it will focus on high-end products and UV LEDs. This is a direct response to the expansion of China (Mainland) capacity. Other companies have adopted a similar strategy, but in addition to lighting, it has avoided falling revenues by focusing more on high-end markets and cars and signage. (
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