2017-11-07

LEDVANCE Cuts 90 Jobs at Massachusetts Headquarters

Innovative lighting manufacturer LEDVANCE on November 2nd released an update saying the company laid off 90 employees at the headquarters in Wilmington, Massachusetts, reported tED magazine.
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2016-12-23

China Development Bank Signs Strategic LED Business Financing Partnership Deal with San’an Opto

China Development Bank (CDB) and San’an Opto group signed a strategic partnership agreement Thursday in southern province Xiamen to propel the Chinese LED company’s global sales strategy and rankings.
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2016-11-07

Samsung LED Business Profit Rebounds

Once considered the top business to sale off, Samsung Electronics LED business has made an impressive turnaround recently, reported Business Korea.
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2016-06-03

Caribbean LED Lighting Opens up Business in Saint Lucia

Caribbean LED Lighting (St Lucia) (CLL), the only regional LED manufacturer in the region launched their Bois D’Orange showroom and retail store recently. The sister company is based in Barbados, and manufactures all types of residential, commercial, landscape and streetlights and has established an ambitious growth strategy.
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2016-01-20

Cree Revenue Improves Following Completion of LED Business Restructure

Cree, a market leader in LED lighting, today announced revenue of US $436 million for its second quarter of fiscal 2016, ended December 27, 2015. This represents a 5% increase compared to revenue of $413 million reported for the second quarter of fiscal 2015, and a 2% increase compared to the first quarter of fiscal 2016. GAAP net income for the second quarter of fiscal 2016 was $14 million, or $0.14 per diluted share, compared to GAAP net income of $12 million, or $0.10 per diluted share, for the second quarter of fiscal 2015. On a non-GAAP basis, net income for the second quarter of fiscal 2016 was $30 million, or $0.30 per diluted share, compared to non-GAAP net income for the second quarter of fiscal 2015 of $38 million, or $0.33 per diluted share.
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2016-01-19

Samsung Refutes Korean Media Claims of LED Business Implementing Unpaid Leave Scheme

A representative from Samsung Electric has recently rebutted Korean media Edaily report recent claims it has rolled out unpaid vacation schemes for employees working in its LED business department.
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2015-12-29

Oversupply Situation Drives Korean Manufacturers to Slim Down LED Business

The oversupply situation in the LED industry this year has urged large Korean LED companies to size down, according to a Money DJ report by citing Korean media ETNews.
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2015-09-01

Philips Lighting CEO Speaks About Business Opportunities in India

Philips Lighting CEO Eric Rondolat recently met with India Prime Minister Narendra Modi during the biannual “key market visit” to discuss smart cities, smart lighting and solar lighting opportunities in Indian metropolitans, reported LiveMint.
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2015-08-31

Lite-On Denies Market Rumors of Closing Down its LED Business

Taiwanese LED manufacturers have been affected by Chinese manufacturers’ low pricing strategies, even the Taiwanese LED stock market was hit hard, reported SET News.
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2015-08-12

Cree Posts Losses Due to LED Business Restructure

Cree, a market leader in LED lighting, announced revenue of US $382 million for its fourth quarter of fiscal 2015, ended June 28, 2015. This represents a 12% decrease compared to revenue of $436 million reported for the fourth quarter of fiscal 2014, and a 7% decrease compared to the third quarter of fiscal 2015. GAAP net loss for the fourth quarter was $88 million, or $0.83 per diluted share, compared to GAAP net income of $30 million, or $0.24 per diluted share, for the fourth quarter of fiscal 2014. 
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2015-08-06

GE Teams Up with Beacon Lighting to Expand LED Business in Australia and New Zealand

GE has partnered with Beacon Lighting to expand the reach of its LED business in Australia and New Zealand.
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2015-08-05

LED Sales Amount to 60% Revenue for Orion Energy Systems Last Quarter

Orion Energy Systems, a leading designer and manufacturer of high-performance, energy-efficient lighting platforms, today announced financial results for its fiscal 2016 first quarter ended June 30, 2015, highlighted by strong LED sales and solid gross margin expansion.
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2015-07-30

Walsin Lihwwa to Sell LED Business and Assets for RMB $166 M

Taiwanese copper and electronic cable manufacturer Walsin Lihwa (Walsin) board has decided to sell its LED subsidiary Xian Walsin Technology in China’s assets for RMB 166 million (US $26.72 million) to Shangxi Electronic Information  Group, marking Walsin’s exit from the LED industry, according to a report from China Times.
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2015-07-29

Osram LED Business Shows Positive Growth in 2Q15

Adjusted EBITA margin increases to 9.5%in the third quarter Revenue up 12%; almost stable on a comparable basis Carve-out of lamps business planned to be completed by spring 2016
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2015-06-25

Cree Restructures LED Business

Cree, a market leader in LED lighting, today announced that the board of directors has approved the following: A restructuring of the LED Products business A $500 million stock buyback authorization for fiscal year 2016 The fiscal year 2016 annual operating plan that targets: Revenue to increase to $1.8 billion +/- Non-GAAP operating margin increasing to approximately 8% Free cash flow of approximately $75 million
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2015-03-04

GE Lighting Unveils New Middle East Organizational Structure

GE Lighting has announced its new organizational structure for the Middle East, Africa and Turkey (MEAT) region with a focus on enhanced customer service delivery and promoting sustainable lighting solutions.
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2015-02-10

Orion Energy Systems Reports Soaring LED Growth for 3Q15

Orion Energy Systems, a leading designer and manufacturer of high-performance, energy-efficient lighting platforms, today announced financial results for its fiscal 2015 third quarter and nine months ended December 31, 2014.
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2014-08-06

USHIO Acquires Oclaro Japan’s Industrial and Consumer Semiconductor Laser Diode and LED Business

USHIO (TOKYO:6925) (President and CEO: Shiro Sugata), announced that its wholly owned subsidiary USHIO OPTO SEMICONDUCTORS, INC., headquartered in Tokyo, has signed a demerger agreement with Oclaro Japan (President: Tadayuki Kanno), a wholly owned subsidiary of Oclaro (CEO: Greg Dougherty). Through this agreement, USHIO OPTO SEMICONDUCTORS will acquire the LED, red, violet and part of the infrared laser diode business from Oclaro Japan. The acquired activity is primarily located in Komoro, Japan and includes approximately 80 employees.
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2014-05-01

Osram 2Q14 Earnings Sees Significant Growth in LED Business

Osram recorded a significant year-on-year earnings increase in the second quarter of its fiscal year 2014. The business with LED-based products (Solid State Lighting, or SSL) continued to rise strongly in the second quarter and achieved a revenue share of 34 percent.
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2013-12-04

Samsung to Bring Life back into LED Business

It is no surprise with LED lighting demand on the rise that Samsung Electronics would want to begin strengthening their LED business. According to Business Korea, Samsung has begun recruiting LED professionals on December 1st both domestically and internationally.
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2013-09-24

HC Semitek Suzhou Branch Receives US$ 150 Million Loan

China’s LED chip manufacturer HC Semitek Corp. Suzhou branch has received a US$ 150 million loan to be paid back in six years for its LED business, according to a Chinese-language Reuters report.
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 “As the demands on our customer’s fixtures become more challenging, we need to ensure our Color portfolio enables them to meet these demands. This increase in flux across several key colors will give our customers a significa... READ MORE

Samsung Electronics announced a new family of chip-on-board LED lighting packages, labeled the “Samsung D-series Special Color.” 

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