2015-07-21

Moso to Receive Compensation Worth RMB 35 M Over Canceled Financing Agreement

It has been two months since Chinese LED power manufacturer Moso halted trade on the Chinese bourse as it planned to acquire more financing on May 20, 2015.
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2015-07-21

San’an Opto Subsidiary to Manufacture Automotive LED Lighting

San’an Opto announced its wholly-owned subsidiary, Wuhu Anrui Opto (蕪湖安瑞光電), has signed the cooperation framework agreement with automaker BAIC Yinxiang Automobile on July 17, 2015.
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2015-07-21

Yankong Lighting Receives RMB 91.88 M Subsidy

Chinese LED manufacturer Yankong Lighting announced Monday, it received RMB 91.88 M (US $14.80 million) subsidy from China’s Ministry of Finance.
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2015-07-21

Sensity Systems Closes Smart Lighting Funding Round with Strategic Investments From Acuity Brands and GE

Sensity Systems, the pioneer of Light Sensory Networks (LSNs), has closed a private funding round of $36 million led by Cisco Investments and includes industry leaders Acuity Brands, GE Ventures and Simon Venture Group (corporate investment arm of Simon Property Group). Sensity has now raised a total of $74 million since its inception from venture investors Almaz Capital, Mohr Davidow Ventures, Radar Partners and Silver Creek Ventures, in addition to these four industry-leading lighting, networking and retail organizations. The investment will be used to scale Sensity’s NetSense platform and application developer program globally.
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2015-07-20

Apple iPod Touch 6 Loses Sapphire Covered Lens

iFixit recent teardown of iPod touch 6 revealed the absence of sapphire covered lens, reported Apple Insider.
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2015-07-20

Kaistar to Spend US $130 M to Acquire Leading U.S. LED Manufacturer

Shenzhen Kaifa Technology (Kaifa) announced its LED subsidiary Kaistar will be acquiring 100% shares of a major U.S. LED company for US $130 million recently, reported China’s Securities Daily.
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2015-07-16

[Breaking News] Nichia Enforces Newly-Granted YAG Patent Against Everlight in Germany

A new white LED patent which covers, among others, YAG phosphors has been granted by the European Patent Office in favor of Nichia Corporation ("Nichia"), namely EP 2 197 053.
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2015-07-16

Unilumen Drops Plans of Acquiring Foreign Firm for US$ 300 M

Chinese LED manufacturer Unilumen recently announced it has cancelled plans of acquiring a foreign firm for US $300 million, according to a cnledw.com report.
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2015-07-15

[Update] Ledman to Acquire Toshare for RMB 230 M

Further details of Ledman’s acquisition of a Chinese LED luminaire company has finally been confirmed today.
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2015-07-15

Hubbell Signs LED Luminaires License Agreement with Philips

Royal Philips, the global leader in lighting, today announced that Hubbell Lighting, a division of Hubbell Incorporated has joined its LED Luminaires and Retrofit Bulbs Licensing Program. Through membership of its open Licensing Program, Hubbell Lighting, Inc. will benefit from Philips’ patented and leading-edge innovations in LED control and system-level technologies.
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2015-07-15

Philips Appoints Andy Ho as CEO for Greater China

Royal Philips  announced the appointment of Andy Ho as Chief Executive Officer for Greater China per November 2, 2015, succeeding Patrick Kung, who will retire on December 31, 2015. To ensure a seamless transition, Mr. Ho will join Philips on August 3, 2015, as Executive Vice President, Royal Philips, reporting to Philips CEO Frans van Houten. Mr. Ho joins Philips from IBM Corp., where he has held a wide range of sales, technology and senior management roles across Greater China, Canada and the United States in a career spanning over 30 years. His latest roles at IBM were General Manager for Greater China North and, subsequently, General Manager Technology Partnership and Strategic Alliances for Greater China.
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2015-07-14

Chinese LED Companies Rush to Resume Trade

China’s A-shares started off with a strong rebound this week, after plunging to an all-time low last Thursday and Friday. In the short term, A shares are stabilizing on the market. Many listed LED manufacturers that suspended trade to avert impacted by the volatile stock market have gradually resumed trade. More than 350 listed Chinese companies resumed trade as of Monday, according to latest statistics.
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2015-07-14

San’an Opto Signs LiFi Partnership Agreement with Military-affiliated Chinese Research Institute

To protect investors rights, San’an Opto suspended trade on the Chinese bourse on July 8, 2015, due to the uncertain outcome of an important company decision that potentially could have impacted its stock performance. The company explained the trade suspension was to ensure all information was transparent, open and fair.
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2015-07-14

Nationstar To Acquire Guangdong Desheng for RMB 250 M

Nationstar announced Monday it will be acquiring electronic manufacturer Guangdong Desheng company, a wholly owned subsidiary of Guangsheng, for RMB 250 million (US $40.60 million).
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2015-07-13

Leyard Estimates Small Pitch LED Display Order Revenue to Double in 2015

Leading LED small pitch display manufacturer Leyard, has seen continual growth in the industry as the company reaps benefits from transforming its LED plant into a wholly automated production line, according to an industry insider.
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2015-07-13

Absen Opto Revenue Slid 35%-45% in 1H15

In its latest fiscal report for first half of 2015, Absen Opto announced its net profit has declined compared to the same period a year before.
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2015-07-13

Ledman to Acquire LED Luminaire Company for RMB 230 M

Chinese LED manufacturer Ledman announced it is planning to acquire a new LED luminaire company as of July 8, 2015.
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2015-07-13

Cree Acquires Arkansas Power Electronics International

Cree, a market leader in silicon-carbide (SiC) power and RF products announced the acquisition of APEI, a global leader in power modules and power electronics applications. Combining two highly complementary innovators, the acquisition enables Cree’s Power and RF business to extend its leadership position and help to accelerate the market for high-performance, best-in-class SiC power modules.
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2015-07-09

Leyard Halts Trade Ahead of Two Upcoming Acquisitions

Chinese LED manufacturer Leyard has halted trade on China’s bourse as the company prepares to acquire Mingji Electronic Technology (Beijing) (Mingji) and LEDAVENUE.
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2015-07-09

San’an Opto Receives Most Subsidies from Chinese Government in 1H15

The Chinese LED industry is very familiar with subsidies, the country’s government has offered financial support to local companies since 2009. Subsidies issued by the central government over the last six years has spurred the explosive growth witnessed in the country’s LED industry. LED enterprises all want a share in government subsidies. Listed companies in particular often covet subsidies to give their financial performance a facelift. LEDinside editor Flora Wu has ranked manufacturers that have received the most subsidies in 2015 in the following order below:
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2015-07-09

MechaTronix Signs Agreement with European Distributor Avnet Abacus

Avnet Abacus, one of Europe’s leading interconnect, passive, electro-mechanical and power distributors and a business unit of Avnet Electronics Marketing EMEA, a business region of Avnet, has signed a pan-European distribution agreement with Taiwan-based MechaTronix, an important player in the global market for LED cooling solutions.
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2015-07-08

More LED Manufacturers Suspend Trade on China’s Bourse

Following China’s stock market nosedive in recent weeks, more domestic listed companies have chosen to suspend trade. More than 760 listed companies combined have suspended trade on the Shanghai and Shenzhen bourses as of July 7, which is roughly equivalent to 27% of the total companies listed on both bourses. More than 100 companies applied for trade suspension on July 6 alone.
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2015-07-07

NVC Lighting Sued Over Outstanding Loan Left by Former CEO

NVC Lighting recently was notified by Chongqing First Intermediate People's Court that a Chinese bank has filed a plaintiff against the company for outstanding loans left by former CEO Wu Changjiang.
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2015-07-07

Eight ETI Executives Increase Shareholdings in Company to Boost Investors Confidence

Chinese LED manufacturer ETI announced Monday, eight company executives will be increasing shareholdings in their company to boost investors’ confidence.
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2015-07-07

4Cabling Acquires e-Commerce Business OzLighting

Australia’s largest online retailer of server racks, network cabling, and fiber optics, 4Cabling, has successfully acquired 5 year-old e-commerce lighting retailer OzLighting.
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2015-07-07

LG to Invest $803M in OLED

LG Display will be investing 900 billion won (US$802.75 million) to build a new production line for small and medium OLED displays, reported Korean newspaper DongA Ilbo.
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2015-07-07

Nova Scotia Power Seeks CA$36M for LED Streetlight Conversion

Nova Scotia Power (NSP), is seeking regulatory approval of CA$ 36 million (US $28.43 million) to convert its streetlights to LED, reported The Chronicle Herald.
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2015-07-03

B.J. Lee Estimates 250 MOCVDs to Be Added Globally in 2015

Following Chinese governments declining subsidies in 2015, industry insiders projected a slowdown in global LED production capacity growth rates, according to a Chinese-language Commercial Times report. The industry, though, still faces oversupply situation as the total volume of MOCVDs will reach 2,000 this year, said Epistar Chairman B.J. Lee.
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2015-07-03

Osram in Talks with Chinese Companies and Other Potential Buyers of Lamp Business

German lighting manufacturer Osram has started a round of talks with potential buyers of its lamp business, the lineup of candidates includes several large Chinese lighting companies, according to a Reuters report.
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2015-07-02

ETI Subsidiary Receives Flip Chip and CSP Subsidies

In a company statement, Chinese LED manufacturer ETI announced two of its subsidiaries received in total RMB 70 million (US $11.28 million) subsidies from local governments.
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Today Royal Philips, the global leader in lighting, introduces the easiest smartest way to get flawless dimmable light at home. The Philips Hue wireless dimming kit is a no installation, straight out of the box solution for perfectly dimmable ... READ MORE

The new SFH 7060 sensor from Osram Opto Semiconductors is designed to measure pulse rates and the oxygen saturation level of blood. It offers excellent signal quality and low energy consumption. The main applications for this component include... READ MORE