Royal Philips Electronics of the Netherlands announced on June 30 that the company's Lumileds LEDS component division and the automotive lighting division merged to form a new company, which sold $1.9 billion in 2013. On the same day, China's Taiwan LED chip leader Jingyuan Optoelectronics acquired the company through the share swap, making the latter a subsidiary of Jingyuan Optoelectronics. Analysts pointed out that in the context of increasingly fierce competition in the LED industry, the giants frequently launch industry integration, which will help bring about many effects such as industry capacity increase, cost management, product integration, etc., and expect the LED industry integration acceleration trend will be It is becoming more and more obvious this year. Upstream Concentration Increases June 30, after Philips announced the integration of its LED division, Philips and US Cree shares rose 4% and 3.4%, respectively, US media commented that Philips' move may cause Philips to LED The division will merge with Corey, which will help to increase the upstream concentration of the LED industry. As a global LED chip giant, Corey has shown strong profitability in the LED upstream. According to the financial report, in 2013, Corey's LED product revenue reached US$801.5 million, gross profit was US$344.6 million, and its gross profit margin was 40%. Its LED products mainly include LED lamp beads, chips and SIC materials. On the same day, China Taiwan Jingyuan Optoelectronics acquired and purchased Yuanguang Optoelectronics through share conversion. According to industry insiders, this will help alleviate the overall price reduction pressure in the LED chip market. LEDinside pointed out that the acquisition has enabled the installation of MOCVD machines of Jingyuan Optoelectronics to be significantly increased to 436 units, and the production capacity has increased significantly. LEDinside researchers pointed out that through this acquisition, in terms of management, Jingyuan Optoelectronics will have more optimized economies of scale and bargaining power for upstream raw materials, which will help strengthen the overall concentration of the upstream industry. In fact, the LED industry performed well in the second quarter of this year. Regardless of the upstream chip companies, downstream packaging companies have experienced a shortage of production capacity. The data shows that the operating income of many LED companies in Taiwan in China has shown an upward trend. In the middle of last month, LED manufacturers in Taiwan announced the revenue data for May. Statistics show that China's Taiwan LED manufacturers' total revenue in May was 10.067 billion Taiwan dollars. Among them, eight LED chip companies in Taiwan recorded a total revenue of NT$5.02 billion, up 19.6% year-on-year and 7.8% quarter-on-quarter. The total revenue of nine LED packaging companies was NT$5.947 billion, up 9.4% year-on-year and 0.15% quarter-on-quarter. The industry boom is expected to accelerate the industry's general expectation that LED market demand is expected to maintain rapid growth within three years. CITIC Securities Research believes that the LED industry will accelerate in the third quarter of this year, and the industry gross margin will rise again. The report pointed out that the event of pushing up the LED boom in the second half of the year is Apple's new product. Although the overall growth of the Apple industry chain has been challenged due to the penetration of smartphones, the eventual and structural opportunities that are delivered are still worthy of attention. In the second half of this year, Apple’s iWatch and iPhone6 ​​will be released for the industry. Future developments find opportunities. LEDinside's latest global sapphire substrate market report for 2014 states that iWatch's sapphire cover will account for 6% of global sapphire market demand in 2014, if the 2015 sales figure reaches the market's objective estimate of 60 million, 2015 It will account for 27% of the global sapphire consumption, while the total consumption of the overall sapphire substrate will more than double that of 2014. In addition, consulting firm HIS expects this year to be an optimistic year for China's LED market, with LED chip revenues up 36.6% to $1.475 billion and packaged LED revenues up 14.8% to $4.812 billion. As China's policies on LED lighting are introduced one after another, many export-oriented enterprises will begin to switch to the Chinese domestic market, and traditional lighting companies will also transform LED lighting.
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