Oversupply situations in the LED chip sector, and fierce competition in the general lighting sector over the past few years has aggravated the pricing situation in 2015. White LED chip prices for the large part have reflected a consistent downtrend over the past few years. Despite the ominous cloud hanging over the LED chip and general lighting sector, German LED chip manufacturer Osram announced last week it would be injecting in total EUR 2 billion (EUR 2.14 billion) in R&D and EUR 1 billion in LED manufacturing in the next five years.