Piper reports the Chinese government has introduced its expected LED lighting subsidies, and...

|By:, SA News Editor

Piper reports the Chinese government has introduced its expected LED lighting subsidies, and considers the news a "positive catalyst" for the industry. SemiLEDs (LEDS +2.4%), which has Chinese manufacturing facilities, is trading higher. However, other industry players are heading in the opposite direction. CREE -2.6%. RBCN -5.8%. VECO -1.5%. AIXG -3%. GTAT -5.6%.