Price Hikes Again! Chipone, Pak, and Other Companies Announce Price Increases
Recently, multiple lighting companies issued price adjustment notices. A new wave of price increases surged again in May, with hikes ranging from 3% to over 30%. A cost-driven price transmission is sweeping through the LED supply chain.
Upstream driver chip giants raise prices by over 30%
Chipone
As a well-known supplier of LED driver chips, ChipON recently issued a notice stating that starting from May 6, 2026, the prices of its entire series of LED products will be uniformly increased by more than 30%.
ChipON stated that since April 2026, the global semiconductor Industry / Supply chain has experienced severe fluctuations, with wafer raw material prices surging dramatically. Costs in the chip packaging and testing segment have also seen continuous increases of varying magnitudes. The cost pressure from the upstream supply chain has far exceeded the limit that the company can internally absorb.
In response to the sharp rise in supply chain costs, the company has made every effort to delay price increases and share the cost burden by optimizing internal operations and compressing its own profit margins, striving to minimize the impact on partners. However, as the upward trend in supply chain costs continues to intensify, failing to pass on these costs in time would lead to a significant reduction in Production capacity and a cliff-like drop in product supply, making it impossible to guarantee customers' normal procurement and production needs. Therefore, the difficult decision to adjust product prices had to be made.
Fortune Semiconductor
Fortune Semiconductor recently issued a contact letter announcing that, effective May 7, 2026, the sales prices of its entire series of LED driver products will be uniformly adjusted, with an overall increase of more than 30%.
Fullhan Microelectronics stated that raw material prices in the LED industry continue to rise significantly, causing comprehensive production and operating costs to climb. Existing product prices can no longer cover normal production and operational costs. To ensure stable product quality and continuous supply, the company has carefully studied the situation and must adjust product prices.
These measures will further intensify the cost pressure on downstream lighting companies.
Downstream lighting companies frequently adjust prices with increases of 3%-10%
Pak Group
Recently, Pak Group issued a "Notice on Adjustment of Distributor Prices for Certain Products of the Commercial Business Division," announcing an increase in distributor prices for five major categories of commercial products effective May 6, 2026, with price hikes ranging from 5% to 10%.
General commercial luminaires such as flexible LED strips, downlights, spotlights, linear lights, and cleanroom lights will have a uniform price increase of 5%;
Smart lighting and outdoor landscape products will also be increased by 5%;
Electrical products will see a price increase of up to 8%, with T5 integrated brackets having the highest increase at 10%.
To ensure a smooth transition for sales channels, the notice clarifies that orders placed before May 6, 2026, which have not yet been invoiced or shipped, will still be executed at the original prices.
Yaming Lighting
Shanghai Yaming Lighting announced that, following a previous slight price adjustment, the company has decided to further increase prices for Yaming professional channel lighting products. This mainly affects professional channel LED lighting products, the Xinyue series, and the Lanyue series, with an increase of 3%-5%. The new prices will be officially implemented starting May 15, 2026.
Songwei High-End Decorative Lighting
Songwei High-End Decorative Lighting stated that since February, influenced by international and domestic market environments, prices of various raw materials have continued to rise significantly, and supply cycles have lengthened. To maintain product competitiveness, the company has made efforts to absorb and actively respond through optimizing processes, improving efficiency, and tapping internal potential, but the pressure from continuous raw material price increases has far exceeded the enterprise's bearable range.
In response, Songwei will implement new prices for all orders entered into the ERP system starting April 30, 2026, meaning a 5% increase in wholesale prices for the entire product line (including decorative lights, basic lighting, customized products, etc.); retail prices will be adjusted synchronously.
Simon Electric
Recently, Simon Electric's Marketing Center released "Notice on Price Adjustments for Certain Products 2.0". Affected by rising raw material prices, the company will adjust the prices of some of its products in stages during May and June.
Simon Electric stated that this price adjustment is a necessary measure. Since the first quarter, the prices of metals such as copper have remained high, and soaring crude oil prices have driven up the prices of petroleum derivatives like PC. To ensure product quality and service, the company has decided to moderately adjust prices: starting May 1, e-commerce series and some home decoration series will increase by about 5%; starting June 1, other series will increase by 3%-5%; final prices are subject to the C9 system.
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The reason this round of price hikes is difficult to absorb lies not in a single factor, but in the resonance of multiple factors, such as the speed of adjustment in wafer production capacity allocation, trends in raw material prices, and the recovery of the global supply chain. Successive waves of price increases warn us that supply chain security outweighs price advantages, making inventory management increasingly important.
For lighting companies, the most important thing now is to actively respond to the challenge of rising costs by optimizing product structure, improving operational efficiency, and strengthening supply chain management, thereby minimizing the impact of cost increases on the enterprise and customers while ensuring product quality and supply stability.