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Chinese packaging companies launch 4th round of price hikes amidst decline in LED profits

Siu Han, Taipei; Jack Wu, DIGITIMES Asia Friday 13 October 2023 0

Credit: DIGITIMES

With market demand weak, LED manufacturers in both Taiwan and China are facing declines in revenue and profits in 2023. Although Chinese LED makers started to initiate price hikes in the second quarter, the slow inventory clearance of LED backlights...

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