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 come together in unity and peace, enjoying a lively and joyful holiday. However, even during this time, the LED industry continues to experience major developments and events. This article highlights some key updates from the 2018 Spring Festival period that might have been overlooked.
**Business Developments**
1. **Dehao Runda Continues Trading Suspension on February 26**
On February 26, Dehao Runda announced the suspension of its major asset restructuring. The target of the transaction was an LED lighting manufacturing asset. The company had initially planned to disclose the details before February 26, but due to the complexity of the process, the announcement was delayed. The suspension was extended to ensure transparency and protect investor interests.
2. **Huacan Invests 10.8 Billion Yuan in Semiconductor and Device Projects**
Huacan Optoelectronics signed a framework agreement with Yiwu Information Optoelectronics High-tech Industrial Park to build advanced semiconductor and device projects. The project includes LED epitaxial and chip production, UV and infrared LEDs, microLEDs, MEMS sensors, and more. With a total investment of 10.8 billion yuan, the project is expected to take seven years to complete.
3. **Hongli Signs Strategic Cooperation for LED Headlights**
Hongli Zhihui partnered with Harmony Haoji Investment and Zhangjiagang Management Committee to develop LED automotive lighting solutions. The collaboration aims to enhance product quality and market competitiveness, while also optimizing the company's shareholding structure.
4. **LGD Signs Supply Contract with Daimler**
South Korea’s LG Display entered the automotive lighting market by signing a supply contract with Daimler. The company plans to increase production capacity by 30 times to meet demand. OLED technology offers energy-efficient and flexible lighting solutions, positioning it as a key player in the future of automotive lighting.
**Hot News**
1. **Germany Bans Non-Compliant LED Car Lights**
German authorities ordered eBay to remove non-compliant LED car lights, such as W5W, C5W, and P21W models. From February 7, 2017, these items were no longer visible to German buyers.
2. **Seoul Semiconductor Wins UK Patent Lawsuit**
Seoul Semiconductor won a patent invalidation case against Everlight Electronics in the UK. The court ruled that Everlight’s patent related to LED heat dissipation was invalid, and Everlight was ordered to pay litigation costs.
3. **Citizen Watch Admits Data Tampering**
Citizen Watch admitted to falsifying test data and mislabeling products made in China as Japanese. The scandal involved over 1.3 billion parts and affected customers globally. Three executives were dismissed as a result.
4. **Changfang Group Faces Internal Control Issues**
Shenzhen Securities Regulatory Bureau found that Changfang Group failed to properly implement inventory management procedures. The company only conducted quarterly inventories instead of monthly, leading to discrepancies in inventory records.
**Personnel Changes**
1. **Cree Appoints New Global Marketing Leader**
Cree appointed Thomas Wessel as Senior Vice President of Global Marketing. With over 20 years of experience in the semiconductor industry, he brings valuable expertise to the company.
2. **Netac Intelligence Changes Legal Representative**
Netac Smart completed the legal representative change from Liu Xianwu to Chen Jing. The company remains focused on its core business operations.
3. **Feile Audio Announces Executive Retirement**
Feile Audio’s deputy general manager and board secretary, Zhao Kailan, retired due to age. The company appointed Ye Pan as her successor to continue its leadership.
**New Board Listings**
1. **Luliang Shares Listed on National Share Transfer System**
Luliang shares were publicly listed on the national share transfer system, focusing on LED lamp development and PCB/PCBA production. The company has several patents and technological innovations.
2. **Zero Benyang Optoelectronics Listed on New Third Board**
Zero Benyang Optoelectronics joined the new third board, specializing in LED advertising lighting solutions. Its products are certified internationally and hold multiple independent patents.
**Government Subsidies**
1. **Maoshuo Power Receives Research Funding**
Maoshuo Power received 2.935 million yuan in government subsidies under the 2017 Enterprise Research and Development Funding Scheme. The funds support the company’s innovation efforts.
2. **Huacan Subsidiary Gets Equipment Subsidy**
Lanjing Technology (Yiwu) received 6.5 million yuan in equipment subsidies. Huacan Optoelectronics (Suzhou) also received 100 million yuan in core equipment purchase subsidies.
3. **Hongli Zhihui Subsidiary Gets Industrial Support**
Jiangxi Hongli received 15.1229 million yuan in industrial support funds from Nanchang Airport Economic Zone to promote its development.
4. **Mulinsen Subsidiary Gets Construction Subsidy**
Yiwu Mulinsen Lighting Technology received 50 million yuan in investment and construction subsidies to support its growth.
As the LED industry continues to evolve, these developments highlight the dynamic nature of the sector and the importance of innovation, compliance, and strategic partnerships.
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