Foreign competition to reduce the billion light rating, LED industry to reduce the code

Recent LED industry urgent single fermentation, booming, but questioned by foreign investors. Credit Suisse and Morgan Stanley Securities, the equivalent of a reduction of 100 million light (2393) investment rating to minus the target price was reduced to $42.2, NT $35.

Credit Suisse Securities pointed out that the LED industry as a result of many businesses to join, has reached saturation, the decline in global demand for the terminal, the overall market competition, will be more intense. Credit Suisse estimates, 2009 high brightness LED demand will decline by 6%, despite the need for NB backlight module and street lights emerge, help is not. Therefore, to give the LED industry, "code reduction" rating.

Morgan Stanley also said that even if the NB backlight module using LED backlight, the final winners are the panel and the factory system, rather than the pure LED industry, because now see Samsung, AUO panel factory, production of LED, to achieve the benefits of vertical integration.