China LED Chip Makers See High Inventory - Energy Watch News

China LED Chip Makers See High Inventory

China-based LED chip makers saw inventory pile up to CNY6 billion (US$882 million) at the end of 2018 due to oversupply, according to industry sources. With local government subsidies, many China-based LED chip makers expanded production capacities in 2018, but demand fell far short of expectation, resulting in continual price drops and increasing oversupply, the sources noted. During the first three quarters of 2018, prices for entry-level and mid-range white-light LED chips dropped 30-40% and those for high-end models fell 10-20%, the sources indicated. Some China makers had to lower capacity utilization to below 50% at the end of 2018, the sources said.

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