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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2014-12-18

Refond Receives RMB 4M Government Subsidy

Refond Optoelectronics announced that the company had received RMB 4 million (US $647,708) subsidy from China’s Ministry of Finance on December 16.
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2014-12-16

GPI Acquires Large Orders from Samsung

Genesis Photonics Inc. (GPI), a subsidiary of the Chicony Group, recently announced at an investors’ conference that the company received big flip chips order from Samsung, and flip chips will account for 25% of the company’s 2015 overall revenue, according to an Economic Daily News report.
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2014-12-16

Apple Touch Screen Supplier Wintek Restructures to Become New LED Player

Taiwanese touch screen supplier Wintek laid off nearly 90% of its staff, as the financially struggling company aims to transform its business model to become a new LED manufacturer, according to a Chinese-language Economic Daily News report.
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2014-12-16

Navigant Research: Commercial Building Automation Systems Expected to Exceed $86 B in Annual Revenue by 2023

A new report from Navigant Research analyzes the global market for commercial building automation systems (BASs), including global market forecasts through 2023.
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2014-12-15

Chinese Vendor Sells LEDs at Unbelievable Low Price

China’s low LED prices have taken on a whole new definition in Zhongshan city located in Guangdong Province, where bulbs are being sold in a similar way to vegetables on the market, according to an Alighting.cn report.
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2014-12-15

OSRAM Shares to Soar in Near Future?

After it spun-off from Siemens, OSRAM’s lower margins and trades were at half the multiples of its peers on half of the margin, but is expected to have a positive outlook in coming year, according to an analysis on Seeking Alpha.
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2014-12-12

San’an Opto Expands Production Capacity with New MOCVD Equipment

San’an Opto’s plans of installing another 50 MOCVD equipment was approved by the company board on Dec. 11, 2014, according to several Chinese media reports.
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2014-12-12

Pixelligent Closes $5.5 Million in Funding

Pixelligent Technologies, producer of PixClear™, the leading nanocrystal dispersions for demanding applications in the Solid State Lighting and Optical Coatings & Films markets, announced today that it closed $5.5 million in new equity funding. The funds will be used to support its accelerating customer growth in Asia, the EU and the U.S., and also to hire application engineers, product managers, manufacturing engineers, and staff scientists.
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2014-12-12

Lumenpulse Reports Soaring 2Q15 Financial Results

Lumenpulse, a leading manufacturer of high performance, specification-grade LED lighting solutions, released today its financial results for the second quarter and six-month period ended October 31, 2014.
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2014-12-11

Epistar to Fully Take Over FOREPI Management in 1Q15

Epistar is reported to fully integrate with FOREPI before the end of 1Q15, with the possibility of FOREPI’s Chairman Feng-Ren Chien stepping down from the management board, according to a report from the China Times.
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2014-12-11

Everlight Plans for Lighting Market Expansion in LED Off-season

LED manufacturer Everlight plans to expand in the lighting market as the company’s revenue for November was down due to LED backlight slack season.
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The efficient LED light sources of the Synios P 2720 family from Osram Opto Semiconductors are based on compact dimensions and a scalable package concept, opening up new design options, particularly for car headlights. They have been optimized... READ MORE

A new product to hit the industrial scene from Luxonic is the new READ MORE