LED package manufacturer Unity Opto revenues is expected to rise in fourth quarter, spurred by the launch of a distribution and OEM deal it sealed with Toshiba in March, reported Liberty Times.

According to a latest Bloomberg report, Fairchild Semiconductor International hired Goldman Sachs Group to help it find a potential buyer, potential suitors in the lineup include ON Semiconductor and Infineon.

Mason LED subsidiary announced Wednesday its subsidiary Rishang has formed a new LED joint venture with Changchun Railway Vehicles Facilities.

Forest Lighting, the USA division of global LED manufacturing leader MLS, announced it has received certification from The National Sanitation Foundation (NSF International) covering its T8 LED tube lamps. 

OSRAM SYLVANIA has expanded the Hillsboro manufacturing capabilities by adding the first advanced Surface Mount Technology (SMT) production line for manufacturing LED modules in the plant.  OSRAM as the automotive lighting leader is pushing the transition to LED systems by investing in R&D and production capacities, infrastructure and talent to support the technology migration. 

Two years ago, Guangdong Rising Assets Management (GRAM) was a relatively unheard name in China’s LED lighting industry, but recently it has become one of the most recognized companies in the local LED industry, according to a Dazhaoming report. The motives behind the state-owned enterprise’s investments in top Chinese LED players Nationstar and Foshan Lighting reflect the involvement of important government strategies.

Royal Philips  announced that Abhijit Bhattacharya, who is currently CFO of Philips Lighting and project leader for the creation of  Lighting as a standalone company, has succeeded Ron Wirahadiraksa as CFO of Royal Philips, with immediate effect.

Chinese sapphire maker Aurora announced last week, it would be investing RMB 40 million (US $6.32 million) in a new investment management arm to integrate investments in the sapphire supply chain, according to a report from China Securities Network.

Ayla Networks, whose agile Internet of Things (IoT) platform provides comprehensive connectivity for any kind of product, announced that it has signed its first customer in Europe, Innr Lighting B.V. from the Netherlands. Innr is using the Ayla IoT platform, including Ayla’s Agile Mobile Application Platform (AMAP) technology, to scale its smart home lighting solution across Europe.

Kingston is a city nicknamed as K-Town in Ulster County, New York, U.S. The Common Council approved the city’s borrowing of US$ 2.1 million to install LED streetlights throughout the city. Early on, the council approved borrowing US$ 105,000 for design and engineering work for the project.

China’s exports to 70 countries under its “One Belt, One Road” strategy was up 1.5% to US$ 372 billion from January to June 2015, according to China’s custom data. The country’s imports declined 18.8% to US$ 256 billion, while its trade surplus rose US$ 65 billion compared to last year’s US$ 115.5 billion. Vietnam is China's third largest trade partner, and it has a trade surplus relation with the country.

When GE sold its home appliance division in September 2014 for US $3.3 billion to Swedish company Electrolux, market rumors surfaced that the company might sell its lighting business too. The company denied intentions of selling its century old lighting business at the time. Instead of selling its lighting business, GE announced it would be spinning off its commercial LED lighting business, solar energy, and energy storage devices into a new startup company on Oct. 7, 2015. According to aBloomberg report, the new business is expected to increase annual sales to about US $5 billion from its current start of US $1 billion.

UBS forecasted oversupply situation in the LED industry will continue into 2016, while sliding LED prices will nullify growing shipment volume advantages, according to a Chinese-language Commercial Times report.

China’s Light Industry Internet (CLII) recently published important lighting product export statistics for three markets during the first six months of 2015, showed export growth was highest for the Argentina market, and plunged the most in Saint Lucia. Lighting exports to France showed incremental growth.

San’an Opto announced recently its subsidiary in Fujian Province, China has received RMB 170 million (US $) subsidy from Anxi County Finance Bureau to invest in LED R&D, according to a report from Quamnet.

Bangalore (or also known as Bengaluru), the capital of India's southern Karnataka state will be rolling out a LED residential lighting replacement project by January, according to The Times of India and other Indian media.

Taiwanese LED chip manufacturer Yang Hwa Technology owner Shih-Hsiung Chan was detained by police on Sept. 11, 2015 for suspected accounting fraud and market manipulation, according to a report by China Times.

Next generation OLED TV sales have soared 317% during the first half of 2015, according to a report from Business Korea.

Chinese manufacturers exported LED lighting goods to India for the first eight months of 2015 reached US $355 million, according to a DIGITIMES report.

Leading Taiwanese LED manufacturer Epistar has acquired nearly 10% stake in Malaysian LED manufacturer Dominant OptoTechnologies, according to a latest report from Chinese-language media UDN.

Was the company revenue performances only bad for the first half of 2015? Or has it been the case for three consecutive quarters? Only LED manufacturers know how they fared this year.“The (Chinese) LED industry is in deep waters, and only a few manufacturers will survive in the next few years,” said several industry insiders during recent interviews with LEDinside’s editorial team in China.

HC Semitek board approved the acquisition of Chinese sapphire substrate manufacturer Crystaland during a recent shareholder meeting.

Samsung Electronics, the world’s leading producer of semiconductor and display solutions, formally opened the doors to its new Device Solutions America headquarters here, setting the stage for a new wave of innovation across the digital landscape.

Everlight Chairman Robert Yeh recently refuted market rumors in Taiwan claiming the company’s decision to use Chinese manufacturers LED chips in its products has impacted Epistar’s revenue performance, according to a UDN report.

The Indian Prime Minister Narendra Modi has been a strong advocate for the country’s LED lighting conversion to battle the power starved country’s use of electricity and conserve natural resources, reported local Indian newspaper Nagpur Today.

MLS INDIA, The LED package major has secured supplying LED chips worth one million USD to one of the most trusted brand in India. The products made of using MLS LEDs will be illuminating Indian homes very soon.

Tridonic Jennersdorf GmbH, a subsidiary of Tridonic GmbH & Co KG, Dornbirn and therefore part of the Zumtobel Group, has signed a licence agreement with Medion AG, Germany covering the use of silicate-based white LEDs.

Today, The Climate Group, which is hosting its annual Climate Week NYC, called on every single city and utility around the world to schedule the switch of their street lighting to LED by 2025 and launched its new major global campaign LED = Lower Emissions Delivered, to encourage local governments, cities and utilities to embrace the carbon and cost benefits of switching to LED.

Kingsun Optoelectronic is to acquire Lumileds with capital collected partially from surplus capital of different LED lighting business and the company’s raised funds. Kingsun Optoelectronic plans to indirectly acquire 6.15% share of Lumileds, which was span off by Royal Philips, for US$ 100 million.

Leyard announced recently it will acquire Guangzhou Leafun Culture Science and Technology and Glux Visual Effect Tech. Leyard is to acquire 100% of Guangzhou Leafun Culture Science and Technology’s shares with cash and 99% of Glux Visual Effect Tech shares will be transacted from 10 company investors. Leyard will start fundraising for the acquisition.