Why LED lighting is so important to the chip market

The incandescent light bulb will soon no longer be the go-to choice for lighting. It has been a long time coming, but the cost structures normally associated with LED equivalents have dropped dramatically over the past 5 years or so, writes Tony Armstrong. It should be noted that the general LED lighting market represents around 57% of the total LED market of $25.9bn projected for 2018. The others being signage, automotive lighting, mobile devices, backlighting in displays, monitors and other.