Xiaomi’s Chief Executive Lei Jun (雷軍) said on Jan. 13 that his company will aim at becoming the leader in the global smartphone market within five to 10 years.

“Maybe our opponents will mock us for this, as we dream big. But a dream is not a dream if it does not sound impossible before we make it,” Lei said.

The founder for Xiaomi made his remarks when he attended the cross-Taiwan Strait Mobile Internet Conference in Taipei. Lei said that Taiwan’s former vice president Vincent Siew (蕭萬長) requested him to encourage Taiwan’s younger generation during their conversations. He believed that age does not matter when it comes to establish new business but attitude does, while “dreaming big” is an important issue for those who want to start business from nothing.

Lei quoted Alibaba’s (NYSE: BABA) founder Jack Ma’s (馬雲) remarks and said “a man like me failed college entrance exams for three times and, probably anybody can achieve something great if I can.”

“Xiaomi’s history is shorter than five years, while our smartphone has been introduced for only three years. But now, Xiaomi is the leader in the smartphone market in China and became the third brand name in the global market during the third quarter last year. We have accomplished something that we did not believe in the past,” Lei said.

In the meantime, Lei urged Taiwanese innovators to accelerate their development of intelligence-based home applications. He also laid out the directions he felt will be appropriate for Taiwanese start-up companies and young innovators for next five to 10 years – to create mobile apps that will go on sale globally through online stores like Google Play and App Store and to come up with more “smart home” applications.

“Mobile apps will expand the reach of Taiwanese firms from the domestic market to other regions around the world, and ‘smart home’ applications are ‘using mobile phones as a hub to connect with all intelligence-based equipment,’ including devices used at home and in the office,” Lei said.

Lei suggested that Taiwanese companies have been lagging behind their Chinese competitors in the development of smart home applications.

“I think many Taiwanese companies are capable for innovation like that but they must speed up to keep up with the competition,” he said.

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LEDinside Research Manager Duff Lu (呂理舜) said on Dec. 22 that the total revenue for car-use LED may reach US$2.5 billion by 2018.

“The worldwide automotive-use LED market is projected to reach US$2.5 billion by 2018, with a compounded growth rate of 9% from the period between 2014 and 2018,” Lu said. “In particular the automotive LED market value in before market is projected to reach US$1.9 billion and the automotive LED market value in after market is also forecasted to reach US$620 million.”

Quoting the latest research, Lu said that LED automotive lighting has a relatively higher gross margin, compared with other traditional LED applications, that also attracted many Taiwanese LED makers to start planning to enter the field of manufacturing car-use LED equipment.

Also, with the growing demand for GPS, dashboard and other panels to be used on vehicles, LEDinside forecasted that the LED market for car-use equipment will also grow from US$71 million in 2014 to US$130 million by 2018.

“In 2014, worldwide new vehicles with standard equipment included car-use panels, have already reached 9%, and is expected to hit 14% by 2018,” Lu said.

The post Car-use LED Equipment Market Continues to Grow: Research appeared first on VR World.

BTW, don’t believe recession talk. Both Intel and AMD scored big results while Wall Street melted, and I would expect that strong sales will continue in Q4. Because when times are tough, people will stay inside house and play games, watch movies etc. No better time than to buy a new graphics chip.

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