Since 2014, with the rapid increase in the demand for LED lighting, the LED industry has also ushered in an unprecedented peak period of development. Due to the explosive growth of the LED lighting market, the market pattern changes and the market sentiment is expected. In order to seize more market share, the competition is becoming more and more fierce. In order to cope with competition and consolidate the existing market position, M&A is one of the most convenient and the most effective roads have been favored by various enterprises. CSAResearch pointed out that compared with previous years, the current mergers and acquisitions between enterprises are more frequent, the strategic intentions are more diversified, and the integration direction is also changed from the strong mergers and acquisitions to the strong mergers and acquisitions. Since the beginning of this year, mergers and acquisitions in the LED industry have occurred frequently, and the battle for the entire industry chain has become increasingly fierce. The industry integration drama has gradually culminated. In the first half of 2014, there were 11 major M&A transactions in the semiconductor lighting industry. The total amount of transactions disclosed exceeded RMB 3.5 billion. The majority of the transaction results were aimed at obtaining a controlling stake. In addition to extending the industrial chain to achieve diversification Development, more is to consider the channel, brand and capacity, expand the strength and expand the scale.