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Posted on 7523 ResearchAndMarkets.com’s offering. The global LED Chip market reached a value of US$ 19.8 Billion in 2020. Looking forward, the publisher expects the global LED Chip market to exhibit strong growth during the next five years. LED stands for light emitting diode, which is a two-lead semiconductor light source. These are used in a wide range of applications that vary from backlighting in electronic products such as LCD TVs, laptops, and phones, as well as in street lighting and automotive lighting, and general illumination. This can be attributed to the better picture quality offered by LEDs due to their higher degree of power efficiency and brightness. The LED chip, also known as the die, represents the most essential and cost-intensive component of the LED. It is a critical factor in determining the light quality. The chips have different ratings for brightness, wavelength and voltage. After installing

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