Everlight, the leading Taiwanese LED package company commented on the tariff policy of the U.S. government and considered that there might be impacts on the prices of LED components and LED lighting products.
(Robert Yeh, CEO, Everlight)
Robert Yeh, the CEO of Everlight, said that due to the 10 percent tariff on LED lighting products and the 25 percent tariff on LED components, Chinese companies might stop selling massive amounts of products to the U.S. The production will probably turn to other non-U.S. markets with even lower prices which will bring impacts on the prices of LED lighting products.
Yeh indicated that the company will continue to reduce the production cost for maintaining its competitiveness in the market and might cut down the revenue share of lighting products. The current proportion of lighting products is around five to six percent.
According to Yeh, as Everlight provides LED components to China and Chinese manufacturers make end products and then ships the products to the U.S., the supply chain might be affected by the imposition of the tariff which will be effective in September. However, it is hard to tell yet how the market will react.
As for the company’s Mini LED progress, Yeh reported that Mini LED products are scheduled in Q4 with small volume targeting automotive applications.
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