Innovation lights the way for only a few LED makers

While the prospect of selling their products abroad seems dim to many domestic LED makers that lack patented core technologies, Fujian Wanbang Optoelectronic Technology Co Ltd could have a bright future due to "new breakthroughs" in chip-related research.

Results were recently announced that can "effectively" clear barriers that have long hindered the industry, said He Wenming, board chairman of the company.

The new technologies solve heat problems while lowering costs and improving the lifespan of products, He said.