Other LED chip styles that you may be hearing about in the future include Multiple Chips on Board (MCOB), used in LED bulbs and tubes; Multiple Chips and Cups on Board packages (MCCOB), used for high bay fixtures and floodlights; Stereoscopic Chips on Board (SCOB) and ETP FC (Flip-Chip), a new technology that offers greater heat dissipation, longer life, nearly zero decay and a smaller design for a more focused light beam and greater brightness.
LED technology is constantly evolving and as time goes on, newer production methods and designs will yield ever more impressive LEDs that produce brighter light output and better quality light, all the while using less and less energy.
You can read more on the benefits of LED lights here.