Press Center

To see why LeEco bought Vizio, look at the Chinese company's smartphones

28 July 2016

TrendForce Reports Second-Quarter Tablet Shipments Fell 4.8% but Lenovo and Huawei Posted Growth Despite Headwinds

28 July 2016

The latest report from the global market research firm TrendForce, finds that worldwide tablet shipments for this second quarter totaled 33.54 million units, representing a quarterly drop of 4.8% and a year-on-year decline of 8.8%.

OSRAM and MLS to Carve Out Their Positions in LED Lighting Market with LEDVANCE Deal, Says TrendForce

28 July 2016

German-based lighting manufacturer OSRAM has agreed to sell its lamp business unit LEDVANCE to a Chinese consortium that is led by IDG Capital Partners and includes LED manufacturer MLS and Yiwu State-Owned Assets Operation Center. The sale was announced on July 26 and represents a landmark deal in which Chinese LED manufacturer successfully acquires an oversea target with the help of an international investment group. “The sale of LEDVANCE shows major international lighting companies are exiting the LED lighting business due to its unprofitable outlook,” said Roger Chu, research director of LEDinside, a division of TrendForce. “On the other hand, Chinese LED lighting companies have an overall cost advantage and are assisted by the government, so they can take this opportunity to expand their market shares.”

Tsinghua Unigroup and XMC Team Up to Strengthen China’s NAND Flash Industry, TrendForce Reports

28 July 2016

China’s state-backed technology conglomerate Tsinghua Unigroup has acquired a majority stake in XMC, a major compatriot semiconductor manufacturer, and brought it under a new holding company called Yangtze River Storage Technology. From this point on, XMC will be responsible for coordinating the development of China’s memory industry, which is wholly in pursuit of NAND Flash production.

TrendForce Projects Chinese and South Korean Brands to Take 70% of Worldwide LCD TV Market This Year Following LeEco’s Acquisition of VIZIO

27 July 2016

With the domestic market approaching saturation, branded Chinese LCD TV vendors see overseas expansion as the only means to grow their market shares and raise their brand recognition. The latest example of this approach is the acquisition of the U.S.-based consumer electronics maker VIZIO by LeEco, a rising Internet brand in the Chinese LCD TV market. Reports of VIZIO being up for sale gained traction after Foxconn’s acquisition of Sharp, and the $2 billion deal with LeEco was finally announced on July 27.