Lite on technology will close the LED business and to clarify the rumors of layoffs

According to SET News reported that Taiwan LED manufacturers have been affected by the low price strategy of Chinese mainland manufacturers, and even the LED market in Taiwan has also been hit hard.

According to market rumors Taiwan Lite on Technology (Lite-On) will close its LED business and layoffs of more than 100 employees, but the company CEO Warren denied market rumors. He stressed that due to changes in the industry, the company is restructuring some business.

(Taiwan Lite on technology held 2015 Lite innovation awards in Taipei on Wednesday)

It is because of these market rumors, this embarrassing atmosphere on Wednesday held in Taipei the 2015 Lite innovation awards.

Warren strongly denied: "we are moving staff and LED production from the Red Sea market to the original tangible or intangible lighting business applications. We're just adjusting the manpower. That's the truth. "

Warren continues to deny rumors of layoffs, and stressed that the company is re focus on the blue ocean market, from Taiwan and the mainland LED lighting applications and indoor lighting business to mobilize 120 employees to the photovoltaic sector. The company will give priority to the willingness of employees to work. The supply chain has also been affected by the economic downturn.

Chinese manufacturers have also joined the competition, and the average retail price and cost of the backlight LED significantly decreased, Warren said, this seriously undermines the market, the industry into a vicious circle. "

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