In the next five years, LED prices will drop 50 times?

Wang Wenchao, chairman of South Asia Optoelectronics, a unit of Formosa Plastics Group, said recently that if it is not DRAM or LED, it will be difficult to develop high-tech industries if they do not advance. He estimated that with the development of science and technology and improvement of efficiency, LED prices will fall at least 50 times in the next five years.

Luo Rongang, vice president of South Asia Optoelectronics, said that the Group's upstream Epistar production will affect about two-thirds of the company's revenue, and this year it will dispose of relevant equipment and recognize losses. The future development of South Asia Optoelectronics will focus on LED lighting applications, of which industrial lighting accounts for 60% of the industry, commercial lighting 30%, home lighting about 10%.

Luo Ronghuang said that South Asia's photoelectric lighting business is still dominated by domestic sales, accounting for 70%, while the export is focused on the Southeast Asian market, and continue to develop the European and American markets. In the first half of the year, it has received the first US order and is expected to ship this month. The lighting industry will strive to turn a profit this year.

In addition to displaying the latest series of hazardous area lighting (explosion-proof lights) at the LED Taiwan exhibition held by South Asia Optoelectronics at the Nangang Exhibition Hall on the 14th, combined with the resources of Formosa Plastics and Chang Gung Memorial Hospital, they jointly developed a solar institution at the Taoyuan Chang Gung Defiant Center. "Projects, through indoor full-spectrum lighting, make up for sunlight exposure and promote the health of demented persons."

Wang Wenchao pointed out that Taiwan’s elderly demented population is close to 200,000. Coupled with the government’s concern over long-term issues, South Asia’s cooperation with Chang Gung’s dementia center is to stimulate sunshine through sunlight and stimulate the eyes through light. The old man is demented.

Wang Nanchao (right), chairman of South Asia Optoelectronics, attended the "2016 Taiwan International Lighting Technology Exhibition" to showcase innovative products and services

Wang Wenchao said that in the past, South Asia Optoelectronics was mainly focused on home lighting. However, under the price competition in the mainland, the “Total Lighting Solution,” which put forward exclusive lighting concepts for lighting in South Asia last year, turned to the development of industrial lighting and hazardous area lighting and gained repercussions.

Wang Wenchao said that this year will propose a large-scale new or redesigned system for environmental lighting, and will expand the service scope to “System Solution”. It is not only necessary to fight prices but also to have better quality.

Wang Wenchao stressed that the LED industry is very competitive. With the advancement of technology and efficiency, LED prices are falling rapidly. It is estimated that prices will fall 50 times in the next five years. It is "miserable" to accidentally invest in mistakes or research and development.