According to Chao Chi-Chung, Chairman of Pei Xin Semiconductor Industry Co., Ltd., the company will ship approximately 5,000 LEDs in the first quarter of 2008 as the company completes the standard certification of LED street lights - China Standard Certification and European Standard Certification. Street lights, LED street light revenue will reach NT$100 million, equivalent to last year's total LED revenue.
However, although LED manufacturers have indicated that the demand for LED street lights in China will reach 8 million per year, Chao Chi-Chung believes that demand is only about 4-5 million per year. Also. The price of LED street lights continues to decline and the brightness continues to increase, so the demand for street lights in China will increase significantly before 2011 or 2012.
Due to the business opportunities of the 2008 Beijing Olympic Games, Pei Xin Semiconductor Industry Co., Ltd. is looking for LED outdoor display orders such as digital signage and the company is expected to start production in the second half of 2008.
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