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2016-06-07

Winter is coming? World’s Top Lighting Manufacturer Philips Closes Shenzhen Factory

This article contributed by a Wellmax editor analyses implications from the recent shutdown of Philips LED factory in Shenzhen, China. For Guangdong province alone, over 20 companies were listed. Kingsun Optoelectronic, Honglitronic entered into capital market, and the total market capitalization was over RMB 20 billion. The aggregate investment for provincial LED industry bases in Huizhou, Dongguan, Jiangmen, Nanhai, Zencheng and etc. was over 50 billion Chinese yuan.
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