The market is focused on the moment that LED industry can leave oversupply behind. China LED chip manufacturers growing number of new MOCVD equipment in 2014 will no doubt put pressure on the LED industry demand and supply. China’s large LED chip manufacturer San’an Optoelectronics, and vertically integrated Elec-Tech International Co. (ETI) both have expansion plans, while Nationstar Optoelectronics Co. is planning to invest in a second phase LED chip expansion project.