The LED industry appears poised for a new phase of growth, with three companies raising close to $800 million in the past two months, according to a Strategy Analytics report.
Beginning in the second half of 2007, LEDs have recovered from the sluggish sales and unit shipments that characterised the market from 2004 to mid-2007, says analyst NextGen Research.
Raja Parvez, CEO of US-based Rubicon Technology says his company is leading the LED industry’s migration towards large diameter sapphire wafers.
The Economist Intelligence Unit (EIU), a renowned British think tank, recently announced the results of a global study of IT industry competitiveness.
Improvements in light output for both high brightness (HB) and colour, and significant extensions of their life spans, have led governments and environmental groups to encourage widespread acceptance and adoption of Light-Emitting Diodes (LEDs) as a viable mainstream and green technology.