U.S. Markets open in 6 hrs 27 mins

Everlight chairman says LED penetration rate to reach 25%, DigiTimes reports

Everlight Chairman Robert Yeh said LED penetration rate will likely reach 25% in 2013, but the market will remain unbalanced for LED chips next year, reports DigiTimes. He also notes that backlight market output value is around $4B, but the market output value for LED lighting is expected to increase to $15B in 2013.