May 02, 2024

Yiguang Chairman Ye Yufu: Years of transformation LED has come out of the valley this year

The LED industry continues to seek opportunities for bottoming out this year. Taiwanese companies continue to reduce general lighting and backlight applications and switch to niche and special markets. Ye Weifu, chairman of Everlight, said that after the Taiwanese industry has undergone many years of transformation and found a new operating model, This year's performance of various manufacturers is expected to come out of the bottom to regain growth, and Yiguang will take advantage of the big ones to sit on the big. The upstream pressure is still big. The LED industry still faces competitive pressures in the upstream and downstream. However, the upstream EPPC has a relatively large voltage. The main competitor in China’s Sanan this year will surpass the crystal power and become the world’s largest crystal. Electricity is still suffering from the enemy in the field of blue light. The revenue of the red light is slowly rising and the operation is challenging. Downstream revenues are expected to pick up. In contrast, downstream small and medium-sized packaging plants can quickly change with the market due to small revenue and small output. After three years of transformation, this year's battalion recovery opportunity, coupled with market price decline, the industry is expected to bottom out. Ye Haofu expects the market to have a chance to recover this year, because each factory feels that the price competition is extremely unfavorable to the operation, so the price rise on the chip side, although the price of the bulb is still falling, the general lighting price is not as good as last year, plus efficiency. Improvements, material changes, and cost reductions all contribute to profitability. Yiguang's profitability is mainly due to the dispersion of product lines. The proportion of non-lighting and backlight revenue has increased to 55% last year. The expansion to niche products includes automotive, IR (infrared), sensor, and small-pitch displays; We are optimistic about the development of photoelectric technology sensors for the field of self-driving cars. At present, we have developed and designed the self-driving imported IR plus sensor module with the original European car manufacturer. The LED niche application has a growth opportunity.

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