The prospect of LED chips is not very optimistic indeed. The prospects of UVLED chips are quite considerable, mainly blue light LED chips, which are still overproduced. According to the current speed of expansion of various large factories, not only this year is not good, but I estimate that the next two years will not be good either.

First is lighting market into a price war, under the price war, everybody racking their brains to unchecked development, chip performance to get the best cost performance, current density increasing, that means the same wattage lamps and lanterns, the number of chips use will be less, so everyone can see lighting market growth and not in the same chip rate of growth, coupled with excessive expansion has objective chip of LED lighting, more accelerate the deterioration of the market, so there is no minimum only more low has become the upstream chip sales terms, visible excess.

Second is a new technology, especially the OLED, high-end mobile phones using OLED is already a trend at present, the mainland factory of OLED momentum will open next year capacity, production capacity for pandemic, direct impact is LED backlight, if mainland OLED are also in a price war, to replace the LED backlight trend will be more speed up, so to the LED backlight impact is very deadly.

The impact of these two trends on LED chips will become more and more obvious next year, demand will grow slowly, micro LED is still in the distant future, do you think it can be optimistic?