Does the devaluation of the renminbi have an impact on the export of LED?
China is a big country in the manufacture of lamps and lanterns, and export demand is needed or needed. Where can lamps not be taken in China? A small depreciation has little effect on companies that rely on the manufacture of LED lamps, which is different from manufacturing industries such as textiles and building materials. They also have Vietnam, India, the Philippines, Malaysia and so on. The economic performance of foreign trade countries will have a significant impact on lighting companies. "
But for LED chip companies and circulation light source companies, the impact of exchange rate fluctuations is greater. Because the chip has many competing production areas such as the United States, Japan, Taiwan, and South Korea. The devaluation of the renminbi has certain restrictions on the impact of LED export companies. It should be viewed separately from the market. If you export to the Southeast Asian market, if you use domestic chips, it is good, but exporting to the United States or Europe may not be good.
On the one hand, mainly in Europe and the United States, domestic LED chips are subject to patent restrictions. Most of them need to rely on imports. The depreciation of the renminbi makes imports relatively expensive. Therefore, Chinese LED factories only earn a small portion of the processing fees. From this point of view, the impact is offset. Importing chips and exporting whole lamps will have certain restrictions on the benefits. On the other hand, compared with third world countries, such as Southeast Asia, the devaluation of the renminbi is good, but it is not an absolute good, and has certain restrictions. The most important thing is the improvement of the LED enterprise's own technology, from its own processing links, technical links, scale, and standardization to reduce the control cost, which is much higher than the impact of the 2% fluctuation of the exchange rate. These two aspects are mutual.
