Seeking Alpha

The subsidized Chinese LED industry remains a mess: more than 200 firms reportedly suspended...

The subsidized Chinese LED industry remains a mess: more than 200 firms reportedly suspended production in 1H12, thanks to a plethora of problems that includes tumbling prices, oversupply, and soft European demand (ed: that sounds a lot like another industry), and the vendors' average gross margin is said to have fallen to 15%. LED industry players such as CREE, LEDS, AIXG, RBCN, and GTAT are definitely feeling the ripple effects.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)