2014-11-04

MLS Builds Global LED Lighting Manufacturing Base to Embrace LED Golden Age

The age of LED lighting is here. LED lighting has overtaken the lighting industry in recent years, and become a beacon of hope for the lighting industry. This is the result of collaborated efforts from the top to downstream manufacturer, the industry supply chain, and now it’s the time to embrace the “golden age” of LED lighting, said Chinese LED packaging manufacturer MLS General Manager Ji-Liang Lin while attending LEDforum 2014 held in Taipei, Taiwan on Oct. 24, 2014.
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2014-10-31

Philips Reports Flat 3Q14 Revenue Results Despite Growing LED Sales

“The successful execution of our Accelerate! program continues to improve operational performance in most of our businesses. We are very excited by the vast opportunities in the HealthTech and Lighting solutions markets that we will capitalize on with the creation of two dedicated market-leading companies.
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2014-10-31

Digital Lumens Secures US $23 Million in New Financing Led by Nokia Growth Partners

Digital Lumens, the leader in intelligent LED lighting, announced US $23 million in funding from new investors Nokia Growth Partners, Aster Capital, and Goldman Sachs, and current investors, Flybridge Capital Partners, Black Coral Capital, and Stata Ventures. Funds will be used to scale operations, expand product development, and increase sales and marketing as the company rapidly bolsters its global footprint.
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2014-10-29

AIXTRON 3Q14 Revenue Performance Driven Down by Lower LED Industry Demands

AIXTRON, a leading provider of deposition equipment to the semiconductor industry, today announced financial results for the third quarter 2014 and first nine months of 2014.
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2014-10-28

San’an Opto Swaps FOREPI Shares to Acquire Stake in Epistar

Top Chinese LED manufacturer San’an Opto has swapped its shares in FOREPI for leading Taiwanese LED chip maker Epistar shares, the Investment Commission of Taiwan’s Ministry of Economic Affairs (MOEA) announced Tuesday.
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2014-10-24

Philips Lumileds: Global LED Revenue and Technology Trends

LED prices will continue to fall over the next few years, but this is a phase that will probably pass, said Sean Zhou, Regional Marketing Director, Asia, Philips Lumileds at LEDforum 2014, which took place Friday in Taipei, Taiwan. Manufacturers aiming to improve profits will be increasingly turning towards cost-effective technologies, such as flip-chip LEDs.
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2014-10-22

Cree Reports Lower than Expected Financial Results for 1Q15

Cree, a market leader in LED lighting, today announced revenue of US $427.7 million for its first quarter of fiscal 2015, ended September 28, 2014. This represents a 9% increase compared to revenue of $391.0 million reported for the first quarter of fiscal 2014. GAAP net income for the first quarter was $11.1 million, or $0.09 per diluted share, a decrease of 64% year-over-year compared to GAAP net income of $30.5 million, or $0.25 per diluted share, for the first quarter of fiscal 2014. 
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2014-10-20

Apple’s Confidentiality Veil to be lifted in GTAT Bankruptcy Case

The seal on confidential documents signed between Apple and sapphire supplier GT Advanced Technology (GTAT) is expected to be gradually lifted in its bankruptcy case, according to a Bloomberg report.
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2014-10-20

Absen LED Appoints Regional Sales Director

Absen Optoelectronics, a global manufacturer of LED displays, announced the appointment of Christopher Backhaus, former Sales Director of Barco NV and Daktronics Inc. as its Regional Sales Director for the German Speaking Market with effect 1 October 2014. His experience in closely related businesses will be a valuable asset to Absen for the further expansion of the business.
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2014-10-17

Cree Keeps Promise of Buying Lextar Shares at NT $30

Taiwanese LED manufacturer Lextar has approved leading U.S. LED manufacturer Cree’s NT $83 million investment in the company during a recent shareholder meeting, according to several Taiwanese media reports.
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2014-10-16

Osram Completes Acquisition of Clay Paky

With effect as of October 13, 2014 Osram has successfully completed the acquisition of Clay Paky, a leading provider of entertainment lighting for shows and events. All necessary approvals from the respective authorities have been granted regarding the acquisition. With this move, Osram will further expand its position in entertainment lighting. 
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2014-10-15

Universal Display Corporation Named to the Barron's 400 Index

Universal Display Corporation, enabling energy-efficient displays and lighting with itsUniversalPHOLED® technology and materials, announced today that the company has been named to the Barron's 400 Index, a measure of the most promising companies in America. The Index is based on companies that perform exceptionally in 24 fundamental areas of fundamental performance.
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2014-10-14

Long Road Ahead for Chinese LED Manufacturers IPO Applications

Chinese LED manufacturers IPO applications remain a lengthy tedious procedure.
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2014-10-14

Law Firms Calls out to GTAT Investors Suffering Heavy Losses

Since U.S.-based sapphire manufacturer GT Advanced Technology’s abrupt bankruptcy announcement last Monday, several law firms have asked investors to step forward.
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2014-10-13

Indian Power Ministry to Sell LED Bulbs to Households for Less Than US $1

India’s Bureau of Energy Efficiency (BEE) and Energy Efficiency Services Limited (EESL) announced selling LED bulbs to households at very low prices, according to a report by The Economic Times.
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2014-10-09

GTAT CEO Sells out Huge Chunk of Shares Before iPhone 6 Debut

The CEO of Apple sapphire supplier GT Advanced Technology, which recently filed for bankruptcy protection, might have known financial doom was looming, according to a latest report from Wall Street Journal.
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2014-10-08

Tera Xtal Technology Remains Positive About Retaining GTAT Compensation

Taiwanese sapphire manufacturer Tera Xtal Technology remained upbeat about claiming payment from the bankrupt U.S.-based MOCVD manufacturer GT Advanced Technology (GTAT), according to a UDN report. Tera Xtal held a press conference on Wednesday under Taiwan’s Gretai Securities Market request to explain to investors the impact from GTAT’s bankruptcy filing.
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2014-10-07

Shareholder Rights Law Firm Johnson & Weaver Launches Investigation of GTAT

Shareholder Rights Law Firm Johnson & Weaver, LLP is investigating potential violations of the federal securities laws by GT Advanced Technologies Inc. (NASDAQ: GTAT) and certain of its officers. GT Advanced Technologies Inc., a technology company, provides materials and equipment for the solar, light emitting diode (LED) and electronics industries worldwide.
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2014-10-07

Strained Relations with Apple Sinks GTAT

Sapphire manufacturer GT Advanced Technologies (GTAT) bankruptcy protection announcement sent shockwaves throughout Wall Street on October 6, 2014. Investors and financial institutes were shocked, no one expected the seemingly promising Apple sapphire supplier to declare insolvency.
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2014-10-07

[Breaking News] GT Advanced Technologies Files Bankruptcy

GT Advanced Technologies (GTAT), announced that it had, together with certain of its direct and indirect subsidiaries (collectively, GT), commenced voluntary cases under chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of New Hampshire. GT expects the court will authorize the company to continue to conduct business as usual while it devotes renewed efforts to resolve its current issues and develops a reorganization plan.
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2014-10-06

iPhone 6 Sales Drive Up Tera Xtal Revenue Last Month

Benefiting from Apple iPhone 6 and iPhone 6 Plus sales, Taiwanese sapphire manufacturer Tera Xtal’s revenue for September 2014 increased 38 percent compared to August. The company set a new monthly record last month, with order visibility extending well into late 2014.
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2014-10-06

Cree Announces Preliminary Financial Results for 1Q15

Cree a market leader in LED lighting, announced preliminary estimates of financial results for its first fiscal quarter ended September 28, 2014. Revenue for the quarter is expected to be approximately US $428 million, with earnings expected below the company’s previously announced target range of $0.25 to $0.30 per diluted share on a GAAP basis. These preliminary financial results are subject to completion of the company’s customary quarterly closing and review procedures.
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2014-10-02

Death of a Lighting Manufacturer Highlights Two Issues in China’s LED Industry

Unable to pay back creditors, a bankrupt decorative luminaire manufacturer from Henglan Town in Zhongshan City, Guangdong Province, China chose to end his life by jumping off a building. Videos of the manufacturer leaping to his death have been widely circulated on the Internet. Rumors surfaced that the company declared insolvency after receiving a bad check for several hundred thousand Chinese Yuan. The information has not been confirmed, though.
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2014-10-01

Nationstar to Become State-Owned Company After New Round of Financing

Chinese LED manufacturer Nationstar announced a new round of financing on Sept. 29, 2014 to fund the production expansion for small pitch LED display and outdoor LED display components, according to China Securities Network. After the financing, the company will become a subsidiary of Chinese state-owned Guangdong Guangye Assets Management.
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2014-09-30

Stockholders Freeze Former NVC Lighting CEO Shares in The Company

NVC Lighting announced the company froze second largest shareholder former CEO Wu Changjiang’s shares in the company, according to a Securities Times report. Wu has a total of 130 million company shares, which is worth about RMB 1.06 billion based on the company stock value of RMB 8.15 as of Sept. 29, 2014.
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2014-09-30

Taiwanese LED Industry Cools off in 3Q, PSS Manufacturers Performance Slows

“LED industry inventory level adjustments hit a peak in July,” a cnYes.com report quoted Epistar Chairman B.J. Lee. Market insiders’ project LED lighting PSS manufacturers Crystalwise Technology, Rigidtech and Aceplux Optotech. The market projects revenues in September and October will be unable to keep up high growth, and the market will be stagnant in third quarter.
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2014-09-24

Prolight Opto to Focus on LED Module and Automotive Lighting Market After Listing

Entering its 10th anniversary this year, Taiwanese LED package manufacturer Prolight Opto Technology (Prolight) will become registered on the Taiwan bourse on Sept. 24, 2014. At a press conference, the company explained it expects to apply for listing during first half of 2015, and projects becoming listed on the bourse during third quarter that year.
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2014-09-23

Taiwanese LED Manufacturers Revenue in September Affected by TV Backlight Inventory Adjustments

Market insiders in Taiwan recognize the LED TV backlight market entered seasonal adjustments in third quarter, but the adjustments are expected to impact LED manufacturers revenue in September, according to a China Times report. Taiwan’s LED chip manufacturers revenue were impacted by inventory adjustments from July to August 2014, while LED package manufacturers have kept up growth.
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2014-09-23

Konka Precision Mould Plastic Gives Up 3% Stake in Refond

Refond Opto announced Monday night, shareholder Konka Precision Mould Plastic (Konka) sold out more than 3.02 percent of its stake in the Chinese LED manufacturer, according to a Sinai report.
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2014-09-22

Harvatek Expects Revenues to Drop in 2H14

LED package manufacturer Harvatek revenues is expected to drop during third quarter in 2014, due to adjustments in lighting OEM orders, according to a Money DJ report. However, the company is expected to see revenue growth next season. While further long term observations are required to determine the impact from Cree’s patent lawsuit.
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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