Surface mount LED price increased by 10%

Due to rising raw material prices on the market, Opto (Unity) company decided to raise the price of surface mount LED in May 10%, especially for high-end portable side light LED backlight applications.

Other LED packaging manufacturers also indicated that they will continue to monitor the market situation, despite their strong surface mount products in the second quarter. Orders have exceeded production. Manufacturers point out that LED market prices have been steadily declining. How much the price will affect the overall demand is to pay attention to the problem.

The company said the rise in prices helped boost revenue in the second quarter and is likely to increase gross profit by $20% in the second quarter.

Source: China Lighting Trade Network