Samsung to Weather Operation Crisis by Spinning-Off Company Businesses

Facing a severe operation crisis Korean conglomerate Samsung Electronic is considering to take the advice of hedge fund management firm Elliott Management Corporation to spin-off into two independent legal entities, The Seoul Economic Daily cited sources familiar with the matter.
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[Breaking News] Cree Sells Wolfspeed for $850M to Infineon

Cree, a market leader in LED lighting, today announced execution of a definitive agreement to sell its Wolfspeed Power and RF division (“Wolfspeed”), which includes the silicon carbide substrate business for power, RF and gemstone applications, to Infineon Technologies AG for $850 million in cash. 
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Philips to Sell At Least 25% Stake in Lighting Business through IPO

Philips confirmed on Tuesday it will be spinning off its Philips Lighting through Initial Public Offering (IPO), reported Reuters.
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[Breaking News] KKR, CVC Close to Sealing Deal for Philips Lumileds

KKR & Co. and CVC Capital Partners are nearing an agreement to buy Philips Lumileds, lighting components unit, a Bloomberg report cited a source saying.
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The Spin-off of OSRAM Licht AG from Siemens Promotes Osram to Expand Chinese Market

Today, Siemens formally spins off OSRAM Licht AG and lists it in Germany. Analysts believe that Osram will be provided with more adequate funds and a more flexible organizational structure to grasp the rapidly growing opportunities of the global LED lighting after the spin-off. It is expected that OSRAM will increase the intensity to extend the Chinese LED lighting market. As one of the global lighting giants, Osram was originally a wholly owned subsidiary of Siemens. In November of 2012, Siemens planned to spin-off 80.5% of OSRAM's shares to share...
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Introducing a performance of 100 mW, LG Innotek, industrial partner of LASER COMPONENTS, sets new standards for single-chip UVC LEDs. The manufacturer states that this development is two years ahead of current industry forecasts. So ... READ MORE

LG Innotek today announced that it had succeeded in developing an 'advanced flip chip LED package' that demonstrates high efficiency and high luminous flux without deteriorating performance even after it gets through 300℃ sol... READ MORE