Start working! But you can't miss the big LED industry event during the Spring Festival!
"Thousands of households will be replaced by old ones." During the traditional Spring Festival, people reunite and enjoy a peaceful holiday filled with lively celebrations. However, even during this time, the LED industry continues to see major developments.
In 2018, several key events in the LED sector made headlines, from business strategies to legal updates and personnel changes. Let’s take a closer look at what happened during the Spring Festival period.
**Business Developments**
1. **Dehao Runda Continues to Suspend Trading on February 26**
On February 26, Dehao Runda announced the suspension of its major asset restructuring due to ongoing discussions about acquiring an LED lighting manufacturing asset. The company had initially planned to announce the details before this date but needed more time for thorough planning and evaluation. To protect investors and ensure transparency, the stock was suspended until after the Spring Festival, with the expectation that it would resume within one month.
2. **Huacan Invests 10.8 Billion Yuan in Semiconductor Projects**
Huacan Optoelectronics signed a significant agreement to build advanced semiconductor and device projects in Yiwu. The project includes LED epitaxial and chip production, UV and infrared LEDs, microLEDs, MEMS sensors, and GaN-based devices. With a total investment of 10.8 billion yuan, the project is expected to last seven years and significantly boost the company's future growth and market position.
3. **Hongli Signs Strategic Agreement for LED Headlights**
Hongli Zhihui entered into a strategic partnership with Harmony Haoji Investment and Zhangjiagang Management Committee to advance its automotive lighting business. This collaboration aims to enhance product development and expand market share, while also optimizing the company’s shareholder structure and long-term competitiveness.
4. **LGD Partners with Daimler for OLED Lighting**
LG Display announced a supply contract with Daimler for next-generation OLED lighting technology. The partnership involves increasing production capacity by 30 times, aiming to meet the growing demand for high-performance automotive lighting solutions. OLEDs are seen as a promising area for future competition, with their energy efficiency and design flexibility offering new opportunities in the industry.
**Hot News Updates**
1. **German Authorities Ban Non-Compliant LED Car Lights**
Germany has banned the sale of certain LED car lights that do not meet EU standards. eBay Germany removed listings for these products, making them inaccessible to buyers across the platform. This move highlights the importance of compliance in the global LED market.
2. **Seoul Semiconductor Wins UK Patent Case**
Seoul Semiconductor successfully defended its patent against Everlight Electronics in a UK court. The ruling invalidated Everlight’s patent related to LED package heat dissipation, marking a significant victory for the company and reinforcing its intellectual property rights.
3. **Citizen Faces Data Tampering Scandal**
Japanese company Citizen Watch admitted to falsifying test data and mislabeling Chinese-made parts as "Made in Japan." This scandal, which involved over 1.3 billion components, raises concerns about quality control and transparency in the global supply chain.
4. **Changfang Group Faces Internal Control Issues**
Shenzhen Changfang Group was ordered to correct internal control deficiencies, including improper inventory management and lack of coordination between departments. These issues could affect financial reporting and operational efficiency.
**Personnel Changes**
1. **Cree Appoints New Global Marketing Leader**
Cree appointed Thomas Wessel as Senior Vice President of Global Marketing. With extensive experience in the semiconductor industry, Wessel will lead marketing efforts for Cree’s LED and power business segments.
2. **Netac Intelligence Changes Legal Representative**
Netac Smart completed the change of its legal representative from Liu Xianwu to Chen Jing, following board approval and regulatory procedures.
3. **Feile Audio Announces Executive Retirement**
Feile Audio’s Deputy General Manager and Board Secretary, Zhao Kailan, retired due to reaching the statutory age. The company appointed Ye Pan as her successor, ensuring continuity in leadership.
**New Listings on the Three-Board Market**
1. **Luliang Shares Goes Public on National Share Transfer System**
Luliang shares listed on the national share transfer system, focusing on LED lamps and PCB/PCBA products. The company has developed several patents and is well-positioned in the LED lighting industry.
2. **Zero Benyang Optoelectronics Joins the Three-Board**
Zero Benyang Optoelectronics officially listed on the new three-board, specializing in LED advertising and lighting solutions. Its products have received international certifications and hold multiple independent patents.
**Government Subsidies**
1. **Maoshuo Power Receives Research Funding**
Maoshuo Power received a government subsidy of 2.935 million yuan under the 2017 Enterprise Research and Development Funding Scheme. This support reflects the government’s commitment to innovation in the tech sector.
2. **Huacan Subsidiary Gets Equipment Subsidy**
Huacan’s subsidiary, Lanjing Technology (Yiwu), received a 6.5 million yuan equipment subsidy. Another subsidiary, Huadian Optoelectronics (Suzhou), got 100 million yuan for core equipment purchases, showing strong government backing.
3. **Hongli Zhihui Subsidiary Gets Industrial Support**
Jiangxi Hongli received a 15.12 million yuan industrial support fund to aid its development in the photovoltaic sector.
4. **Mulinsen Subsidiary Gets Construction Subsidy**
Yiwu Mulinsen Lighting Technology received a 50 million yuan investment subsidy for its construction project, further strengthening its position in the lighting industry.
As the LED industry continues to evolve, these developments highlight both the challenges and opportunities facing companies in 2018. From strategic partnerships to legal battles and government support, the sector remains dynamic and full of potential.
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