The Chinese government officially released the 13th Five-Year Plan this March. In this broad national economic roadmap, two initiatives – the upgrading of modern industries and the expansion of the country’s Internet economy – will have significant influence over the development of the Chinese fabless IC design industry.
The global average sales price (ASP) of 40W-equivalent (equiv.) LED light bulbs fell 5.9% in April compared with the prior month, arriving at US$9.7, while the ASP of 60W-equiv. LED light bulbs fell 7.2% to US$13.1. LED light bulb prices in China have been on a downtrend because of sales activities related to the Chinese Labor Day holiday period, said Allen Yu, analyst for LEDinside, a division of TrendForce.