GT Advanced Technologies Inc. Announces Results for Quarter Ending June 30, 2012

GT Advanced Technologies Inc. (NASDAQ: GTAT) reported results for the second quarter of calendar year 2012, which ended June 30, 2012. Effective April 16, 2012, the company changed its fiscal year-end to December 31. The second quarter of calendar 2012 is the first quarterly period of the company’s nine month transition period ending December 31, 2012. Revenue for the second quarter of calendar 2012 exceeded the company’s previously issued guidance at $167.3 million, compared to $353.9 million in the first quarter of calendar 2012 and $231.1 million in th...
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PhotonStar LED Makes Progress in Revenue for the first half of 2012

PhotonStar LED has made progress in its revenue for the first half of 2012 up to 30 June, with a 50 per cent increase. According to the company, its revenue rose to £3.82m from £2.54m for the same period in 2011. Gross profit also increased by 62 per cent to £1.51m, when compared to the revenue of the first half of last year, which saw a total of £0.93m being made. In addition, the company has set up two new facilities in first six months of 2012, with a commercial production plant for ChromaWhite products in Romsey and an LED fixtures manufacturi...
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Siemens to Spin-off Osram in Early 2013

Siemens has shelved plans to float its lighting business, Osram, on the stock market and instead will spin off the company early next year, according to its chief executive Peter Loescher . The company's net profit of Euro 823 million, missed analysts' estimates of Euro 1.32 billion, due to an accounting charge relating to Osram. Peter Loscher said at his third quarter earnings conference call, “Since market conditions continue to be volatile for an IPO, we have decided to pursue a spin-off to our shareholders as the most probable part of divestiture. This ...
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AIXTRON orders & revenues stabilize in Q2'12

- Increased Order Intake and EBIT profitability expected to return within H2/2012 - - 2013 expected to be a growth year - - AIXTRON’s non-LED activities gaining traction - Aachen, Germany, July 26, 2012 – AIXTRON SE (ISIN DE000A0WMPJ6), a leading provider of deposition equipment to the global semiconductor industry, has seen its Q2 revenues and orders stabilize at the levels of Q1. With EUR 46.1m in revenues and an EBIT of EUR -16.5m, the Company has achieved a sequential improvement of its financial results....
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Veeco Reports Second Quarter 2012 Financial Results

Veeco Instruments Inc. (Nasdaq: VECO) announced its financial results for the second quarter ended June 30, 2012. Veeco reports its results on a U.S. generally accepted accounting principles (“GAAP”) basis, and also provides results excluding certain items. Second Quarter 2012 Results John R. Peeler, Veeco’s Chairman and Chief Executive Officer, commented, “Veeco continues to deliver solid results in a soft market. Second quarter revenue was $137 million, and adjusted EBITA and non-GAAP earnings per share were $20 million and...
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Cooper Industries Reports Record Second Quarter Results

- Second Quarter EPS a Record $1.17, Up 22% - Total Revenue up 7.4%, Core Revenue up 5.5% Cooper Industries plc (NYSE: CBE) today reported record second quarter earnings per share of $1.17, an increase of 22% compared to earnings per share of $.96 for the same period last year.  Total operating profit margin was 16.7% for the second quarter of 2012, an increase from 15.8% in the same period last year.  During the quarter, the Company recognized $10.7 million of expense relating to the previously announced Eaton Corporation (NYSE: ETN) transaction...
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Bidding for China LED Subsidies Restarted, Taiwan LED Firms in Advantageous Position

In order to improve the quality of LED lighting subsidies’ beneficiaries, China’s National Development and Reform Commission plans to restart the bidding for the SSL Lighting Product Subsidy. On July 25-26, the commission will accept withdraws from companies that have entered the bidding in February, which is good news for Taiwanese upstream and midstream LED firms. According to LEDinside survey, the new bidding forbids companies to jointly bid, which is good for large-scale companies and will help keep the bidding price and the quality close, and ther...
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Philips Announces Second Quarter and Semi-Annual Results 2012

Philips has released its second quarter and semi-annual results 2012. According to the company, its second-quarter comparable sales have reached to EUR 5.9 billion, increasing by 5%. Other results as following, •Growth led by 7% growth at Healthcare and 6% growth at Lighting • Sales in growth geographies up 11% on a comparable basis, now representing 35% of total revenue • Reported EBITA of EUR 450 million, or 7.6% of sales • Net income of EUR 167 million • Overhead-reduction plan on track; cumulative savings now EUR 176 million &bu...
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Taiwan Ratings Corp Downgraded Long-term Corporate Rating on Everlight

Everlight has received downgrade from “twA-” to “twBBB+” estimated by Taiwan Ratings Corp, which reflecting concerns about the balance sheet of the country’s biggest LED chip packager over the next one to two years amid negative market conditions. Taiwan Ratings said in a statement that, “The downgrade reflects our view of the heightened industry risk in the global LED sector and our belief that Everlight’s profitability is unlikely to recover to the previous high over the next one to two years, due to prolonged oversupply from w...
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Foxconn Invested US$146 Million in LED-Related Ventures

According to Foxconn Technology Group’s press release published on July 13, the company started new business ventures in the connector, computer case, metal stamping, power management fields. The investment totals US$146 million (NT%1.049 billion). Foxconn also establishes a new company in Henan Province, China, which shows the company’s determination to make inroads into the LED industry. Foxconn’s proactive investments recently, which are almost as high as some of the component manufacturers’ capitals, can be seen as a preparation for the soon-to...
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China LED Industry’s High Unused Capacity Renders 2H12 Outlook Uncertain

As the global economic outlook remains stagnant, LED industry’s peak season performance may fall short of expectations. Thus, Taiwanese LED firms such as Epistar, Unity Opto, Lextar, and Genesis Photonics underwent setbacks in the stock market on July 16. Since July, despite the orders keeping pouring in, there is still a considerable amount of unused capacity in the Chinese LED industry. Research institutes and foreign capitals become conservative about the LED market outlook, which kicks off the second half of 2012 with uncertainty. Most listed LED com...
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SemiLEDs Q3 of Fiscal Year 2012 Financial Results Increase 64%

SemiLEDs has announced its financial results for Q3 of fiscal year 2012, ended May 31, 2012. Revenue for Q3 of fiscal 2012 was $9.2 million, a 64% increase compared to $5.6 million in the same time of fiscal 2011. GAAP net loss attributable to SemiLEDs stockholders for the third quarter of fiscal 2012 was $10.0 million, or a net loss of $0.36 per diluted share, compared to GAAP net loss attributable to SemiLEDs stockholders of $5.1 million, or a net loss of $0.19 per diluted share, for the third quarter of fiscal 2011. On a non-GAAP basis, net loss attributabl...
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Unity Opto Achieves Two-Year Monthly High of US$233M in June Revenue

Unity Opto’s global sales revenue in June have set up new record with a two-year monthly high of NT$7.1 billion (US$236.67 million), which mainly benefited from  the growing demand for LED TV and new production orders from its clients. The company is full confidence of its sales outlook for Q3, as its order visibility can last through the end of September for the moment. Its revenue is expected to grow strongly along with the steady increase in orders for direct-type LED TVs and tablet products, the surge in sales of LED lighting products in the domestic...
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mLED Receives £378,000 for Equity Funding

Scotland-based Braveheart Investment Group plc has injected £378,000 in mLED Ltd of Glasgow, UK. The latest equity funding round comes from Braveheart's established network of private clients, the Scottish Enterprise Co-Investment Fund and members of both mLED’s board and technical advisory council. mLED’s proprietary microLED platform technology was developed over a 10 year period at the Institute of Photonics at the University of Strathclyde, where over £7m was invested in research leading to the core patent. The firm was sp...
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Epistar May Boost Factory Utilization and Lift Gross Margin this quarter

According to Epistar’s executive, the company expects a turnaround this quarter, thanks to strong demand for LED TVs and LED lighting would help boost factory utilization and lift gross margin significantly to more than 20 percent. That would end two straight quarterly losses for Epistar, after the company lost NT$515 million (US$17.19 million) in the first quarter and NT$620 million in the final quarter of 2012. Epistar said the prospects for next quarter have never looked better. The company’s chairman Lee Biing-jye told Unique Satellite TV af...
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CRS Electronics Repaid Bridge Financing To Diocles

LED lighting company CRS Electronics Inc., has repaid the principal and interest payable pursuant to the secured debenture with Diocles Capital Inc. ("Diocles") which provided the Company with $300,000 in short term bridge financing.   Pursuant to the repayment terms of the Bridge Facility, the Company repaid the principal amount of $300,000 and paid interest in the amount of $6,000 to Diocles. The Company also issued 275,682 common shares of the Company to Diocles as bonus shares (the "Bonus Shares"). The quantum of the Bonus Shares w...
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DOE Announces $7 million Investments to Support SSL Development

Recently, according to The U.S. Department of Energy (DOE), it has released more than $7 million for three innovative lighting projects at companies in California, Michigan and North Carolina that aim to lower the cost of manufacturing high-efficiency solid-state lighting (SSL) technologies LEDs and OLEDs.   The two-year projects selected will focus on significantly reducing manufacturing costs while continuing to improve the quality and performance of solid state lighting technologies.  These investments, which will leverage an additional $5 million in p...
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Taiwan Major LED Makers Reap Harvest in May Revenues

Taiwan major LED makers have reported to set up a new record in May revenues, resulting from mounting penetration of LCD TVs lit by LED backlights and demands for LED lighting fueled by Taiwan’s electricity rate hikes, which will take effect on June 10. Orders have inundated Epistar’s production lines, inspiring outlooks that the company’s sales will continue rising in June. The company has distributed excessive orders to affiliated Huga Optotech Inc. Epistar saw its May revenue hit one-year high of NT$1.65 billion (US$57 million at US$1:...
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Epistar and Unity Opto Benefit from Robust Operating Performance in May

Epistar and Unity Opto Technology Co. , have enjoyed brisk operating performance in May, thank to strong market demand for display backlights and LED lightings. The two companies both confirmed the current booms, stressing that contract orders have increased even more significantly than expected. Epistar`s executives indicated that the company has received contract orders worth over NT$1.7 billion in May alone, more than it did in April, and has seen its production lines fully booked. With capacity lagging behind market demand, this maker will certainly keep running at ...
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Lighting Science Group Completes Final Round of $140 Million Raise of Equity Funding and Commitments

Riverwood Capital Leads New Round of Funding for One of the World's Leading Makers of LED Lighting Products to Help it Meet Growing Product Demand Lighting Science Group Corporation,announced that it has completed the final round in a series of private placements totaling approximately $140 million in equity funding and commitments, of which approximately $88 million is new equity funding and commitments and approximately $52 million represents the conversion of certain bridge financings occurring since the fourth quarter of 2011. The proceeds from the new ...
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Dialight Chairman Sells First Share Since Company Listed

Dialight announces that the Harry Tee Settlement Trust, of which Harry Tee CBE, Chairman of Dialight plc, is a beneficiary, has sold 425,000 ordinary shares of 1.89 pence each in the Company, representing approximately 1.3% of the issued share capital of the Company. The shares were sold on the London Stock Exchange at a price of 955 pence per share on 25 May 2012 in order to fund an existing financial commitment and are the first shares that the Chairman has sold since Dialight was listed in 1993.   Following this transaction Harry Tee CBE remains a sign...
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Chinese Government Schedules to Arrange 2.2 Billion Yuan for Development of Energy-saving Lamps and LED Lights

On May 16, Chinese premier wen jiabao presided the standing committee of state council, and passed The basic public service system Planning on 12th Five-Year .According to the new plan, the government schedules to arrange for 2.2 billion yuan RMB to promote energy-saving lamps and LED lights.
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SunSun Lighting Received $30 M for LED Investment

Chinese based LED Company SunSun Lighting has received $30 million in Series B financing from GSR Ventures and Oak Investment Partners and additional commitments from its original angel investors. Oak, a multi-stage venture capital firm, is leading the round. Allan Kwan, a China-based advisor for Oak, is joining the board of SunSun. SunSun Lighting eliminates the performance and cost trade-offs of current LED lighting technology by offering a complete LED system, including power electronics, housing, packaging, and optics. The company's patented P...
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Pacific Light Technologies Injects $3M to Develop LED Technology

Pacific Light Technologies working from the Portland State University Business Accelerator, has landed a $3 million venture capital round led by local investor groups. The company has closed $2 million of the Series A round led by the Oregon Angel Fund and Portland-based venture capital firm Pivotal Investments. CEO Ron Nelson, who also contributed to the round, said another $1 million has been committed and should close by the end of July. The 13-person company is developing a technology which will allow manufacturers of long-lasting LED lights to provide be...
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Cree Reports Financial Results for the Third Quarter of Fiscal Year 2012

Cree, Inc. (Nasdaq: CREE), a market leader in LED lighting,  announced revenue of $284.8 million for its third quarter of fiscal 2012, ended March 25, 2012. This represents a 30% increase compared to revenue of $219.2 million reported for the third quarter of fiscal 2011 and a 6% decrease compared to the second quarter of fiscal 2012. GAAP net income for the third quarter was $9.5 million, or $0.08 per diluted share, a decrease of 50% year-over-year compared to GAAP net income of $18.9 million, or $0.17 per diluted share, for the third quarter of fiscal 2011. On a n...
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Mitsubishi Electric to Restructure Lighting Business

The the joint venture relationship between Mitsubishi Electric and Osram will be constructively dissolved in the process of the merger. However, in consideration of the solid 23-year relationship, Mitsubishi Electric and Osram have agreed to maintain ties in the areas of sales and production, and continue to be strategic global partners in the lighting business.
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Taiwan's LED Streetlight Output Likely to Reach NT$34 billion by 2018

Taiwan Ministry of Economic Affairs (MOEA) has estimated that the output of the island’s LED streetlight manufacturing sector is expected to reach as much as NT$34 billion (US$1.15 billion) by 2018. According to an assessment released by the MOEA's Bureau of Energy, since the start of 2012, the government has been pushing for the installation of LED street lights to help the LED sector build a supply chain and create clusters of manufacturers. Under the projects, the government is expected to spend about NT$2.8 billion to install more than 326,000 ...
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Everlight Won Big Harvest in 2011 Revenue

Everlight has won a big harvest with its 2011 after-tax net income of NT$1.3 billion (US$43.5 million at US$1:NT$30), or NT$3.14 per share. According to the company, in the fourth quarter of 2011, it received pretax earnings of NT$138 million (US$4.6 million), operating income of NT$208 million (US$6.9 million), and gross profitNT$760 million (US$25 million) on revenue of NT$3.96 billion (US$132 million). And the company has decided to pay shareholders cash dividend of NT2.5 per share from 2011 earnings. Based on the harvest, it is recognized as one of t...
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Albeo Technologies Raises $8 Million to Invest LED Lighting Market

Albeo Technologies has raised a total of $8 Million in Series C equity and debt financing to increase both the breadth of its LED lighting portfolio and depth of its channel presence. The equity investment was led by Braemar Energy Ventures, and was joined by existing investor Green Spark Ventures. Silicon Valley Bank provided a working capital financing line. Jeff Bisberg, CEO of Albeo, announce that, “We are extremely proud to become part of the Braemar team. With Braemar’s existing portfolio and network in the LED and lighting sector, their...
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New shares from AIXTRON stock option program will be traded under separate ISIN

AIXTRON SE, worldwide leading provider of deposition equipment to the semiconductor industry, has a number of stock option programs in place that grant employees and the members of the Executive Board the right to purchase AIXTRON shares under certain conditions. Under the terms of the stock option plan 2007, stock options can currently be exercised. New shares resulting from exercised options are not entitled to a dividend for fiscal year 2011 and will therefore be traded on the Frankfurt Stock Exchange under the separate ISIN DE000A1MMEF7 until and incl...
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TSLC Corporation, a subsidiary of SemiLEDs, launched sampling of its tri-color Mini LED series, targeted to provide LED display manufacturers with surface-mounting (SMT) compatible devices. The first product in the tri-color multi pixel series... READ MORE

The German chemistry giant BASF has revealed its development of dark automotive paint colors that are reflective to LiDAR for enhancing the detecting function of autonomous cars. LiDAR plays a critical role to the development of autonomous veh... READ MORE