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MOUNTAIN VIEW, CA -- The high-brightness light-emitting-diode (HB LED) industry has had a remarkable history of growth. From 1995 onward, the market for HB LEDs grew at an average annual rate of 46%, reaching $3.7 billion in 2004.
In recent years, much of this growth has been driven by the increasing use of HB LEDs in mobile appliances (mobile phones, digital cameras, PDAs, and so on). According to market research firm Strategies Unlimited in its recently released report, "High-Brightness LED Market Review and Forecast--2005," the mobile-appliance segment accounted for 57% of the HB-LED market in 2004.
As the mobile-appliance application begins to saturate, …