Indian LED TV (LED backlight LCD TV) market is now bracing for a price war as global players and domestic makers have launched less pricier TV sets to secure market share in the Rs 22,000 crore (around US$ 3.4 billion) sector.

Another challenging year awaits Taiwanese manufacturers as major Chinese LED chip manufacturer San’an Opto acquires a total of 100 MOCVD reactors in September and December and have said that the company will continue to headhunt Taiwanese experts, according to a report of China Times.