The LED industry has seen a significant recovery momentum in the near future. Major manufacturers in the industry are in a state of full production, and there is a certain shortage of supply in the short-term. There is also a general demand for price increases in the industrial chain. The industry expects the supply and demand situation to be tight in the second and third quarters.
The supply and demand tension in the LED industry is mainly related to two factors. First, the downstream demand continues to grow, especially the explosive growth of daily consumer goods such as lighting. Second, the industry itself has not expanded its production for many years.