In order for LEDs to become common in the general lighting market by 2012, LED prices need to fall to 10% of 2005 prices, according to Schiu Sche, consultant to the Taiwan Electrical and Electronic Manufacturers’ Association (TEEMA). Sche pointed out that LEDs started to be used in lighting applications in 2004-2005 and that the price of such LEDs has already dropped 30% in the pass three years.
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