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The LED industry has high hopes for China (I, II), but for now, the Chinese market is as plagued...

The LED industry has high hopes for China (I, II), but for now, the Chinese market is as plagued by the industry's near-term woes as other locales, if not more so. Fierce competition among an estimated 5K-6K local suppliers of LED packages has led to "high levels of inventory and oversupply," which in turn has led to plummeting prices for both packages and chips. (earlier)
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