Wider use in general lighting for homes and businesses has been held back by high prices, poor light quality and bad colors.
"I fell in love with the LED general lighting market, " he declares.
We believe LED capital investments will return to solid growth in late 2013-2014, as general lighting applications grow, and VECO should remain a leading supplier of LED process equipment.
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We continue to see pricing pressure due to the weak demand in the China outdoor street lighting market, together with the overcapacity of backlight that has spilled over to the general lighting market.
With the demand from the backlight market nearing saturation and the general lighting market yet to take off, growth in demand has been slow, resulting in a huge demand-supply gap that has put pressure on the average LED selling price.
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The era of LEDs for general-purpose lighting really began last decade, but the technology has been around since the 1960s.
"We're just at the beginning stages of mass adoption, " said Steve Briggs, a lighting executive at General Electric Co.
Philips' biggest competitors include the lighting and electronics divisions of General Electric and Siemens.
Take General Electric, which now makes most of its lighting products there.
At Camp David, Bush can use the AMX system to change camera angles during a videoconference with General Tommy Franks, download reconnaissance photos and even adjust lighting.
Fab 15 will be TSMC's next "green fab" following Fab 12 and Fab 14, incorporating green concepts in energy conservation and pollution control in its design, including a process water conservation rate of 85%, reclamation of rainwater, recirculation and reuse of general exhaust heat, and development of solar power generation and LED lighting applications.
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With its interests in power systems, transportation, medical lighting and finance, Siemens Group is Germany's answer to General Electric.
General Electric alumnus Robert L. Nardelli did a huge store face-lift--better lighting, signage and a new range of appliances to win back women who ditched Depot for archcompetitor Lowe's.
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