Maximum increase of 10%, two major LED manufacturers issue price hike notices

DS Precision stated that since the beginning of 2022, LED chip prices have continued to fall, causing significant disruption to the company's normal operations. To ensure high-quality products and provide better service, DS Precision has decided to adjust product prices effective immediately: 1. All product prices will increase by 10%; 2. Outdoor high-brightness and other special specification models are subject to separate negotiation.

On May 1, MLS issued a price increase notice.

MLS stated that to continuously ensure high-quality products and better service, it coordinates market development to balance the common interests of supply and demand. After careful consideration, MLS has decided to uniformly increase prices for all its product lines by starting from May 1, 2023, on top of the original prices, with an increase of 5-10%, and quotations shall be subject to its latest price list.