It's said that China's Fujian provincial government planed to invest CNY20-30 billion (US$3.01-4.51 billion) to develop the public LED lighting market over the next five years, and jointly set up a publicly traded company with Taiwan-based LED companies.
Fujian provincial government expected to install 300,000 LED street lamps in 2011, 600,000 in 2012 and up to 1-2 million in 2013. It's estimated that the total LED street lamp market would reach 5-6 million units in Fujian.
Taiwan's Industry Technology Research Institute (ITRI) and the LED Street Lighting Industry Alliance had confirmed the report. If Fujian took the idea, Taiwan's LED Street Lighting Industry Alliance's member would have a chance to become the initial beneficiaries, such as Unity Opto Technology and Everlight Electronics and so on.
Original resource: LEDinside
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