contributes to its LED ranking around the world

Both government and private sector incentives in many countries to boost the use of LED lighting has driven the high-growth market demand, analyzed by PIDA.Taiwan ranks second among the world's largest LED industries with total 2010 LED production value of $5.43 billion dollars, nearly 25 percent of the world market.PIDA pointed out that Japan's ECO-Point incentive program to encourage the use of LED bulbs and light tubes, Beijing's LED lighting promotions program under its 12th Five-Year Plan, and Taiwan's own grant of subsidies to LED-using consumers, are comprised of the force to push worldwide market demand.In addition, Taiwan decades of transformation and upgrading which has earned global recognition for Taiwan's industrial technology as well as for its product innovation also contributes to its LED ranking around the world.

In PIDA’s opinion, the wide use of LED as backlights for cellphones, notebook computers and TV sets, and that the quality of Taiwan's LED products has "shown big improvement" as the technologies of high-power rating LED approach those of big LED manufacturers in industrial countries have influenced Taiwan's fast technological advancements in the LED industry.According to Epistar`s Lee , the efficiency of LED lamps previously forecast to be achieved in 2015 will be reached in 2012, based on buyers from the world come to mostly purchase LED lamps at this show.Terry Guo, chairman of the Foxconn Technology Group, said during an economic forum held in Taipei, "We are going to fully expand our investment in Henan, using Zhengzhou (the provincial capital) as the base." However, Guo did not reveal the total amount of investments for these projects.Reportedly, Chinese Vice Minister of Industry and Information Technology Xi Guohua will sign industrial Standardization MOU with Chairman of the non-profit Sinocon Industrial Standards Foundation, R.L. Chen, a former economics minister, who represents Taiwan`s counterparts for three high technologies including LED, LCD panel and solar energy  in both sides of the Taiwan Straits.

For Everlight`s Yeh, he believes that the March 11 catastrophe reminds people of the importance of nuclear power security and energy saving, inspiring people to embrace LED lamps. He notes that LED lamps can save an average 80% of electricity relative to incandescent and can help save 1.5 nuclear power plants in Taiwan when all lamps are replaced by LEDs.  Yeh expects his company to land two to three folds more orders from Europe this year than last year.Taiwan –based Foxconn is reported to make a plan to invest in 19 new projects in Central China's Henan province, including factories that will produce camera lenses and LED lighting rigs, as well as more branches of Foxconn's retail chain Cybermart.
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