LEDinside, the LED research division of TrendForce, indicates that affected by the month-end inventory adjustment and the dreary end-market demand, most LED manufacturers’ revenues underwent setbacks, averaging between 10% and 15%. According to LEDinside, despite the low utilization rates of LED companies, the LED chip supply in 2011 still amounted to 174 billion units while the chip demand was merely 129 billion units, with a 35% oversupply. As a result, most LED manufacturers faced considerable inventory pressure in 2H11. Looking towards 2012, given t...