2015-01-27

NVC Lighting Appoints Wang Donglei as CEO

NVC Lighting, which has suspended trade on the Chinese bourse, recently appointed Wang Donglei as the company’s official CEO, according to a report by Chinese media Tencent.
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2015-01-27

LED Maker Silan Microelectronics Reports Soaring Net Profits in 2014

Chinese LED manufacturer Silan Microelectronics (Silan) recently announced net profits soared in 2014 by 30% to 50% compared to the same period in 2013.
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2015-01-27

NEMA: LED Shipments Exceed Traditional Luminaires in U.S.

NEMA’s Lighting Systems Index increased 1.9 percent from the second to the third quarters of 2014, climbing to its highest level to date in calendar year 2014.  The index posted a gain of 4.1 percent on a year-over-year basis. Shipments of emergency lighting, fixtures, and miniature lamps improved during the quarter; however, ballast and large lamp shipments fell.
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2015-01-27

Cree Lays off 300 Contract Workers

A recruiting and staffing firm for Cree has laid off 319 contract workers that work for the LED company in Durham, North Carolina, U.S., according to a news & observer report.
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2015-01-26

TLLIA Projects Taiwan's LED Output Value to Grow at Double-Digit Rates in 2015

Taiwan’s LED gross output value could soar at double digit rates in 2015 as local suppliers seek out various application sectors to boost shipments, said Taiwan’s LED Lighting Industry Association (TLLIA).
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2015-01-26

Philips Outlines Egypt Market Strategy for 2015

Having established a foothold in the Egyptian market, Tamer Abol Ghar, CEO of Philips North East Africa, recently spoke Egypt media Daily News about the company’s plans for 2015.
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2015-01-23

Access Fixtures Reports Soaring Revenue in 2014

Access Fixtures, a leader in commercial and sports lighting, is proud to announce a 53% revenue growth in a year-over-year comparison from 2013 to 2014. Specifically, LED products exceeded a growth of 100% year-over-year, demonstrating the constant advancement of LED technology and rapid adoption of LED products, including LED bollard lights,LED wall packs, and LED flood lights. LED product sales now exceed 50% of Access Fixtures total revenue.
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2015-01-22

Leyard International Military Orders Peak in 2014

Chinese LED manufacturer Leyard’s oversea military orders reached nearly RMB 100 million (US $16 million) last year, according to a Jinghua report.
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2015-01-22

TrendForce Acquires Topology to Strengthen International Market Strategy

TrendForce, a global market intelligence firm, announced today that it has become the majority shareholder of Topology Research Institute, and has fully acquired operation and management rights. Kevin Lin, the CEO of TrendForce, will also hold the title of Chairman of Topology. Topology’s operations, brand, and managing staff will be under the same business model after the merger.  LEDinside is a research division of TrendForce.
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2015-01-22

Universal Display and Sumitomo Chemical Sign OLED Lighting Technology License Agreement

Universal Display and Sumitomo Chemical (Sumitomo Chemical) today announced the signing of a new OLED Technology License Agreement. Under the agreement, Universal Display has granted Sumitomo Chemical non-exclusive license rights, under various patents owned or controlled by Universal Display, to manufacture and sell solution-processed organic light emitting diode (OLED) lighting products. The agreement runs for the life of Universal Display’s relevant intellectual property rights.
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2015-01-22

Digital Lumens Continues High Growth in Smart Lighting Sector in 2014

Digital Lumens announced today that deployments of its enterprise-scale Intelligent LED Lighting System span 200 million square feet (20 million square meters) of commercial and industrial space. This represents 100% installed base growth in 2014, bringing the Internet of Things (IoT) to customers around the world.
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2015-01-21

Cree Reports Slight Revenue Decline for 2Q15

Cree, a market leader in LED lighting, today announced revenue of $413.2 million for its second quarter of fiscal 2015, ended December 28, 2014, which is similar to revenue of $415.1 million reported for the second quarter of fiscal 2014. GAAP net income for the second quarter was $12.2 million, or $0.10 per diluted share, a decrease of 66% year-over-year compared to GAAP net income of $35.7 million, or $0.29 per diluted share, for the second quarter of fiscal 2014.
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2015-01-16

San’an Opto’s Headhunting Activities Irk Epistar Shareholder

A major Epistar shareholder has demanded for Chinese LED chip manufacturer San’an Opto to withdraw investments in the company, due to the Chinese company’s headhunting activities, according to a recent Economic Daily News report.
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2015-01-16

HC Semitek to Issue Bonds to Raise RMB 500 M

Chinese LED manufacturer HC Semitek announced on Thursday, it would be privately issuing bonds to raise RMB 500 million (US $80.81 million) to replenish the company’s depleted cash flow and improve finances.
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2015-01-15

Unity Opto to Take Legal Action Against Cree

Taiwanese LED manufacturer Unity Opto Technology (Unity Opto) is planning to retaliate against Cree’s recent patent infringement lawsuit, according to a Money DJ report.
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2015-01-15

Tragic Gas Leak Halts LG OLED Production

LG was ordered by South Korea’s labor ministry to halt OLED panel production, after a nitrogen gas leak on Monday claimed the life of two workers and injured four, according to a Reuters report.
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2015-01-13

Unity Opto 2015 Revenue Performances Unaffected by Cree Patent Lawsuit

U.S. LED manufacturer Cree’s recent lawsuit against Unity Opto and its luminaire client Feit Electronics will not impact the company’s revenue performance in 2015, a UDN report cited Unity Opto Spokesperson Jacky Wen saying.
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2015-01-12

Everlight Joins US $1 B Revenue Club

Everlight has breached the high revenue barrier to become a new official member of the “US $1 billion Club” as the company’s consolidated annual revenue for 2014 soared up 23.99% to NT $30.61 billion, according to a news report from China Times.
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2015-01-12

Epistar Acquires Key Technologies from TSMC SSL to Fend off Japanese Rival

The main objective of Epistar’s acquisition of TSMC SSL is to obtain key LED substrate technology to prevent Japanese manufacturer Toshiba from taking the lead in GaN-on-Si technology, according to a Chinese-language Wealth Magazine report.
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2015-01-09

Chinese City Exports US $12 M Worth of Phosphor Powder in 2014

Changshu city located in Jiangsu Province, China, has exported a total of 16,063 kilograms of LED phosphor powder valuing US $12.02 million last year, according to statistics compiled by the Changshu Entry-Exit Inspection and Quarantine Bureau.
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2015-01-06

Lextar’s Reports Slight Revenue Growth for 2014

Taiwanese LED manufacturer Lextar reported incremental revenue growth in December 2014, according to a latest United Daily News (UDN) report.
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2015-01-06

Leyard’s Net Profits Soar in 2014

Chinese LED manufacturer Leyard’s estimated net profits had shoot up 90% to 110% in 2014 to RMB 152 million to RMB 162 million (US $24.45 million to US $26.06 million), according to a Chinese-language Panorama Network report.
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2014-12-31

Nationstar Top Two Shareholders Sheds 11.55 Million Shares

Nationstar’s Vice Chairmen Yao Hao Wang and Binhai Yu sold 11.55 million company shares, or equivalent to 2.68% company stock shares from Dec. 29-30, 2014, according to a report by Quanjing.com.
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2014-12-30

UDN: Taiwanese LED Manufacturers Revenue Guidance for 2015

Upstream Taiwanese LED chip manufacturers including Epistar and leading downstream LED manufacturers Everlight and Lextar were upbeat about the industry’s growth in 2015, with most forecasting at least 20% growth, reported UDN.
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2014-12-25

Chinese Lighting Brands Queue for IPO Approval

More and more Chinese lighting companies are joining the long Initial Public Offering (IPO) approval wait list despite Chinese government’s slow progress of the applications.
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2014-12-24

San’an Opto Profits from Surging LED Market Growth

San’an Opto is expected to fully benefit from the growing LED market value, according to a report from China Finance Media.
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2014-12-24

SemiLEDs Announces Definitive Common Stock Purchase Agreement

SemiLEDs Corporation (NASDAQ: LEDS), “SemiLEDs” or the “Company,” a developer and manufacturer of LED chips and LED components, today announced it has entered into a definitive common stock purchase agreement with Mr. XiaoQing Han, Chairman and CEO of Beijing XiaoQing Environmental Protection Group. Under the terms of this agreement, Mr. Han will acquire a 15% interest in SemiLEDs common stock at a purchase price of $1.00 per share for a total consideration of $5.0 million and will join the SemiLEDs Board of Directors upon closing of the transaction.
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2014-12-23

San’an Opto Receives RMB 12M Subsidy from Tianjin Government

San’an Opto has decided to allocate a total of RMB 500 million ($80.03 million) to three subsidiaries including Anhui San’an Opto, Tianjin San’an Opto, and Xiamen San’an Opto for production expansion, according to a latest company announcement.
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2014-12-23

Chinese Government Clamps down on Local Government LED Subsidies

The Chinese central government’s policy to terminate LED industry subsidies will be extended to local governments, according to a latest Chinese-language UDN report.
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2014-12-18

San’an Opto Receives RMB 230 M Subsidy

San’an Opto was granted RMB 230 million (US $37.11 million) subsidy by Torch Hi-tech Industrial Development Zone Committee for 50 MOCVDs the company recently purchased, according to a news report from China Securities Journal.
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Philips Hue Phoenix from Royal Philips, the global leader in lighting, is the first in a new range of white ambience connected lamps that allow you to create the right light for different moments at home. From helping you to create a cozy atmo... READ MORE

Power management company Eaton today announced the introduction of the Corelite RZL light-emitting diode (LED) Suspended Luminaire... READ MORE