See this piece about “thermal management” in LEDs. One factolito in there: For a described LED bulb (= 60W incandscent) . . .
thermal management accounts for about 27% of the bulb cost in 2011, or $6.00. While this figure will fall to $3.95 in 2020, that figure will amount to a larger share of the bulb cost, at 36%
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