Under the financial crisis LED industry into a bank safe haven

The world economy has slowed down, and the global financial crisis triggered by the U.S. subprime mortgage crisis has intensified, governments have taken measures to prevent the situation continues to deteriorate. Including US banks, financial institutions feel insecure, trying to escape the disaster to, how to hand money to find a relatively safe way has become a major problem in the re examination and consideration. Under this background, in September 23, 2008, 15 banks such as Citi Taiwan Lite on technology and signed a 5 year period of NT $15 billion and a subsidiary of Perlos 100 million euro loan contract. The loan interest rate in the case of alleged nt for 90 days in Taiwan secondary market for commercial paper interest rates 55 percentage points, the euro was part of the London Euro overnight rate (Euro Libor) increased by 67.5 percentage points, the level of interest rates quite competitive.

The financial data released from the Lite company, and since this year the monthly receivable Lite has been maintained at a relatively high level, even in January 2008 reached NT $15 billion 600 million record, even in the market generally low in July reached 14 billion 200 million nt. The 15 banks with such a huge amount of loan contract signed on, and over subscription rate up to 30%, on the one hand shows the banking sector of the support and recognition technology development direction in the future, on the other hand can be seen by the subprime mortgage banks have bitter LED industry as a safe haven for funds.

LED industry has developed rapidly in recent years, while being affected by the trend of energy saving and environmental protection, is considered to be one of the best prospects for the development of the industry. According to market research firm iSuppli and StrategiesUnlimited's recent survey report shows that in 2011 the total LED market will reach $9 billion.

Lite said the loan funds as a long-term capital needs and future expansion of the core business, to replace the current 2 year bank loan to loan period of 5 years, with the acceleration of global business growth. The future will continue to engage in LED and the high power generation power supply energy-saving products, power converter products can turn to, "the source" for the development of the core product, cross the solar industry this creative field, actively construct a complete "green technology" supply chain.

Source: Chinese semiconductor lighting network