According to South Korean media, South Korean manufacturers Samsung and LG have both reduced their LED chip business. South Korea believes that because of the fierce competition with manufacturers in the Chinese market, for products of similar quality but lower price, Han Factory In the annual organizational adjustment, it was decided to reduce the size of the LED business unit.
LG is doing a new deal with its LED business, LG Innotek, and sold the sapphire wafer business under LG Innotek to SSLM, which is Samsung Electronics and the Japanese company Sumitomo Chemical. Joint venture company.
Samsung has recently made strategic adjustments to the company's five major growth engines. The reduction in LED business is not to exit the LED market, but to change the strategy of the market. At present, Samsung and LG Innotek's sales in the global LED chip market are ranked first, but in the face of the market's oversupply of 20%, the demand for lighting is gradually expanding, but the market price and supply and demand have not yet reached equilibrium. The Korean factory is currently making operational adjustments to avoid loss expansion.
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