2019-03-18

Cree Announces the Sale of Lighting Business to Ideal Industries

Cree is selling its lighting business to Ideal Industries, an Illinois-based electric power control and management company, to continue its strategy of becoming a more focused, powerhouse semiconductor company. Cree announced the execution of a definitive agreement to sell Cree Lighting, the lighting products business unit, which includes the LED lighting fixtures, lamps and corporate lighting solutions business for commercial, industrial and consumer applications. According to Cree, the deal is about US$310 million before tax. The company expects to receive an initial cash...
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2019-03-14

Lextar Reports Revenue Down for 2018 with Lighting Business Cut off

Taiwan-based LED company Lextar announced its 2018 financial reports with an annual revenue of NT$ 11.056 billion (US$ 357.58 million), down by 8.2% YoY. Its after tax profit came to NT$ 49 million (US$ 1.58 million). For the fourth quarter of 2018, the company registered a revenue of NT$2.4 billion, which dropped by 19.6% compared with 3Q18. In 2018, Lextar has slashed its lighting business to focus on high technology development which resulted in the decrease of annual revenue. The market uncertainty brought by the US-China trade war also impacted the busi...
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2019-03-04

Eaton to Spin Off Its Lighting Business

Power management company Eaton announced its plan to spin off its lighting business to create an independent, publicly traded company by the end of 2019. The lighting business of Eaton covers a wide range of products and systems to maximize energy efficiency which records sales of US$ 1.7 billion in 2018. Eaton’s lighting business provides services to customers in commercial, industrial, residential and municipal market. The spin-off will include Eaton’s global airport lighting business and Mains lighting. According to Eaton, Goldman Sachs will be Eaton&rsq...
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2019-02-27

AIXTRON Announces Solid Growth in 2018 with Demands for MOCVD Systems for ROY LED and VCSEL

German equipment manufacturer AIXTRON posted its 2018 financial results. The company reported increased on-year revenue and gross margin due to continued demand for its MOCVD systems for lasers, red-orange-yellow (ROY) LEDs and specialty LEDs production. According to AIXTRON, its order intake in 2018 grew by 15% YoY to EUR 302.5 million (US$ 344.26 million), which led to a yearly revenue of EUR 268.8 million (US$ 306 million), up by 17% YoY. Adjusted for previous year's sales from discontinued operations, the sales increased by 40% compare...
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2019-02-15

Lextar and Epistar Continues Its Shipment of Mini LED Backlight Products; Lite-On Reports LED Revenue Increase

Taiwanese LED companies announced their revenue of January 2019. Epistar and Lextar posted on-month revenue increase while Lite-On reported growth in LED products. Epistar registered a revenue of NT$ 1.27 billion (US$ 41.16 million) for January which increased by 6.56% MoM but dropped by 32.4% YoY. Impacted by the trade dispute and political uncertainty, business growth in the global LED market is not expected by the industry players. To cope with the sluggish market, Epistar has focused on Mini LED backlight products targeting high-end display applicatio...
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2019-02-14

Commoditized LED MOCVD Market in China Leads to Veeco’s Revenue Drop in 4Q18

U.S.-based instrument manufacturer Veeco announced its financial results for the fourth quarter and fiscal 2018. For 4Q18, the company registered a revenue of US$99 million, which dropped by 29.1% YoY. Veeco also reported a GAAP net loss of US$144.7 million, in comparison with US$8.5 loss in 4Q17. The non-GAAP loss was US$7.5 million. According to the company, the declined revenue and profit in the fourth quarter of 2018 was due to "Commoditization of the MOCVD market for LEDs in China.” In 2Q18, the revenue from China accounted for 45...
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2019-02-12

Osram Focuses on non-Lighting Photonic and Optical Technologies for Boosting Revenue

Followed the notice released by the end of January, Osram announced the results of its first quarter of fiscal 2019. The company posted a revenue of EUR 828 million (US$ 934.65 million) which declined by 15% YoY with revenue dropped in three of Osram’s business segments. The Opto Semiconductors division recorded an on-year decline in revenue of 17% and its revenue of automotive segment decreased by 11 % YoY. In the Digital segment, revenue fell by around 17% YoY due to weak market development in the general lighting segment. Olaf Berlien, CEO of Osram...
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2019-02-11

Signify Announces Stable Progress with LED Sales Increased in 2018

Signify, the largest lighting company in the world, reported its financial results for the fourth quarter and the fiscal year of 2018. With increased LED-based sales, the company announced improved adjusted EBITA margin for the fourth quarter of 2018. For the fourth quarter of 2018, Signify posted a revenue of EUR 1.73 billion (US$ 1.96 billion), dropped by 8.8% YoY. The adjusted gross margin was EUR 647 million (US$731.93 million) which declined 11.6% YoY. However, the adjusted EBITA of 4Q18 grew by 3.2% YoY at 214 million. For full year of 2018, the ...
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2019-01-31

Samsung Reports Profit Growth in 2018 and Targets Premium Products for 2019

Samsung Electronics announced its financial results for the fourth quarter and the fiscal year of 2018. The revenue and profit of 4Q18 declined due to global market uncertainty but Samsung still reached its annual goal in fiscal 2018. For 4Q18, Samsung posted a KRW 59.27 trillion (US$ 53.22 billion) quarterly revenue, which decreased by 10 percent YoY. The quarterly operating profit was KRW 10.8 trillion (US$9.7 billion), with an on-year decline of 29 percent. The yearly revenue for fiscal 2018 was KRW 243.77 trillion (US$ 218.9 billion) and operating profit cam...
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2019-01-30

Seoul Semiconductor Announces Financial Results of Fourth Quarter and Fiscal Year 2018

Seoul Semiconductor reported its 2018 fiscal year consolidated revenue of KRW 1194.2 billion (US$1.07 billion) with an operating profit of KRW 99 billion (US$ 88.6 million), as well as a net income of KRW 65.4 billion (US$ 58.53 million) to report two year consecutive sales growth. As a result of stabilization of Seoul Semiconductor’s new manufacturing plant in Vietnam and improved product mix, the consolidated fourth quarter revenue increased by 6% YoY to KRW 300.6 billion (US$ 269.04 million), while operating profit amounted to KRW 36.2 billion (US...
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2019-01-30

Sanan to Receive at Least $800 Million Fund from Its Strategic Investors

Sanan Optoelectronics, the largest LED epitaxy wafer manufacturer in China, announced that it has received funds from its strategic investors including Quanzhou Financial Holding, the China Industrial International Trust, and An Xin Capital. The three organizations plan to provide a joint investment of at least CNY 5.4 billion (US$801.64 million) to Sanan and Quanzhou Financial Holding will offer liquidity assistance of CNY 600 million (US$ 89 million). Sanan Optoelectronics has been through a financial crisis in January with its stock price dropped ...
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2019-01-07

Lextar Eliminates General Lighting and Target New Applications including Mini LED and VCSEL

Vertically integrated LED company Lextar announced a revenue of NT$ 715 million (US$ 23.2 million) for December 2018 with a decrease of 13% MoM and 17% YoY. The company’s revenue of 2018 was NT$ 11 billion (US$ 357 million) with an on-year decrease of 8.2%. Lextar has drastically reduced its general lighting business in 2018 and focused on new opto-semiconductor technology development with the aim to boost its profit. The company has targeted four fields including displays, professional lighting, automotive applications and sensing technologies. Mini LED...
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2018-12-25

Fagerhult Buys Italy’s iGuzzini for 385 Million Euros

Sweden-based Fagerhult announced on December 21 that it has signed an agreement to acquire iGuzzini, the Italian lighting group for EUR 385 million (US$ 439 million). According to Fagerhult, the price of EUR 385 million will be paid with 74 percent in cash and 26 percent in new Fagerhult shares. The transaction is expected to complete in the first quarter of 2019. With iGuzzini joining the Fagerhult Group will, the largest lighting company in the Nordic countries will increase its presence in Italy, Switzerland, Spain and North America. The combined compan...
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2018-12-22

Indoor Farm Startup Receives $90 Million Fund from Uber CEO and GV

Bowery Farming, an indoor autonomous farming startup from New York, has raised US$ 90 million in Series B funding from investors including GV (formerly Google Ventures). and CEO of Uber, Dara Khosrowshahi. The company began operating in February 2017 and has opened two vertical farming facilities near New York since then. Bowery Farming applies technologies including robotics, machine learning and predictive analytics to autonomously operate the growing conditions for the crops. Vegetables are grown with controlled environment with optimized LED lighting spectr...
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2018-12-19

Carlyle to be Potential Bidder for Osram after Bain Capital

By the end of last month, Bloomberg reported that Bain Capital, a U.S.-based private equity firm, has been eyeing a buyout of Osram. Soon after that, another private equity company, Carlyle, reportedly joined the list of potential bidders for the German lighting technology group, according to Financial Times. The report of Financial Times noted that two people directly involved in the situation have confirmed Carlyle’s interest in the buyout of Osram. But neither Carlyle nor Osram commented on the information. (Image: Osram) Osram has been through a fina...
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2018-12-17

Chinese Companies to Buy Shares of Japan Display

Japan Display Inc. (JDI) has been negotiating with Chinese companies and investors to receive financial supports of JPY 50 billion (US$ 440.65 million), reported NHK. The potential investors include mobile component producer Ofilm, automotive component manufacturer Minth Group and the Silk Road Fund. With the support, the Chinese investors will hold 33 percent or more of the share of JDI, suppressing the current major shareholder INCJ, who owns 25.29 percent of the share. In addition to the investment, the Chinese investors were also reportedly offering a ...
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2018-12-11

Financial Updates: AOT, LiteOn and Laster Tech Report Revenue Drop due to Seasonality

LED manufacturers reported revenue drop for November as the demands decrease in the off-peak season. AOT, the LED company under the Foxconn Group, has posted a revenue of NT$ 332 million (US$ 10.76 million) for November with a decrease of 10.4% MoM and 39.9% YoY. LED backlighting is the major business of the company which accounts for more than 90 percent of its revenue. Therefore, the dropped demands of TV backlight due to seasonality led to the decreased monthly revenue of AOT. (Image: AOT) AOT also began the development of Mini and Micro LE...
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2018-12-06

Lextar Ships Mini LED and VCSEL and Macroblock Expects Growing Momentum from Mini LED Products

The fourth quarter is usually the off-peak season for the LED market. Industry players including Lextar and Macroblock have reported lukewarm business performance in November and are expecting growth in 2019 with the booming Mini LED market. Lextar posted its monthly revenue of NT$ 823 million (US$ 26.67 million) for November with a decrease of 6.5% MoM and 7.8% YoY. The company has continued its product shipments including Mini LED backlights, Mini LED RGB modules, fine-pitch displays and VCSEL packages. Meanwhile, it also focuses on further tech...
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2018-12-03

Mitsubishi Chemical and Niantic Invest in DigiLens for AR Displays

DigiLens, a U.S.-based HUD device developer, announced that it has received an investment from AR software company Niantic and Diamond Edge Ventures, the strategic investment arm of Mitsubishi Chemical Holdings Corporation (MCHC) in its Series C funding round. With the investment, DigiLens will continue its development in holographic AR displays for automobile, consumer and other applications. With its technology in holographic waveguide displays, DigiLens provides proprietary nanomaterials and core technologies for AR displays. The company aims to create...
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2018-11-29

Edison Opto’s Profit Grows following Its Shift to Automotive LED Lighting Modules

Taiwanese LED packager Edison Opto has shifted its business focus from LED lighting to LED automotive lighting modules due to the decreasing profit of its conventional lighting business. The portfolio adjustment has come into effect with the company reporting the highest profit margin in the past five year despite its lukewarm revenue performance. (Image: Edison Opto) Edison Opto posted a revenue of NT$ 639 million (US$ 20.71 million) for 3Q18 with on quarter decrease of 14% and on year decrease of 7.4%. However, the quarterly profit margin came to the highest p...
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2018-11-20

K&S Announces Financial Results of Fourth Quarter and Fiscal 2018

Kulicke and Soffa (K&S) has announced its financial results of the fourth quarter and its fiscal 2018 ended September 29, 2018. The Company’s revenue for the fourth quarter was US$184.8 million and the full year revenue was US$889.1 million. Dr. Fusen Chen, Kulicke & Soffa's President and CEO, stated, “Over the past two years, our organizational redesign and development efforts have diversified our business and provided access to several new and promising growth opportunities. Throughout fiscal year 2018, these fundamental improvements resul...
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2018-11-16

SemiLEDs Announces Fiscal 2018 Year End and Q4 Financial Result

SemiLEDs Corporation, a developer and manufacturer of LED chips and LED components, has posted its financial results for the fourth quarter and full year of fiscal year 2018, ended August 31, 2018. (Image: SemiLEDs) Revenues for the fourth quarter and for the third quarter of fiscal 2018 were both approximately US$2.0 million. GAAP net loss attributable to SemiLEDs stockholders for the fourth quarter of fiscal 2018 was US$1.1 million, compared to a loss of $326 thousand in the third quarter of 2018, or a net loss of US$0.32 per diluted share, compared to...
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2018-11-15

Orion Announces Financial Results for Q2 Fiscal 2019

Orion Energy Systems reported results for the second quarter of its fiscal 2019 ended September 30, 2018. The company posted a revenue of US$ 13.2 million for 2Q19, down14.3% YoY and 4% QoQ due to lower sales through the distribution channel and delays of certain projects. Gross margin declined to 19.3% in 2Q19, compared to 23.5% in 2Q18. According to Orion, the business in the U.S. is progressing significantly with its automotive, retail and public sector customers. With its capability to provide tailored LED lighting solutions, the growth momentum of Orion com...
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2018-11-09

AUO Announces Revenue Drops for October

As the peak season has passed, Taiwanese Panel producer AUO has reported a revenue drop for October. Meanwhile there are rumors saying that the Foxconn Group plans to divide and restructure its panel business. AU Optronics (AUO) posted its consolidated revenue of NT$ 26.49 billion (US$ 861.59 million) for October which dropped by 3.4% MoM and 3.4% YoY. For the third quarter of 2018, the revenue was NT$81.04 billion (US$ 2.64 billion), up by 8% QoQ. According to AUO, the amount of shipment for large size panels including TVs, monitors and notebook...
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2018-11-07

Osram Revise Business Structure to Focus on Digitalization

Osram has announced the financial results of fiscal 2018 and the fourth quarter of fiscal 2018 and addressed that it will focus on digitalization and high-growth markets.
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2018-11-07

GE to Sell Current to American Industrial Partners

General Electric (GE) has begun organization restructure and unveiled the intention to sell its lighting business since a year ago. In July 2018, the company has scheduled the selling plan to be in the end of the year. Finally, GE announced on November 6th that it has signed a proposed agreement to sell its Current, powered by GE business to American Industrial Partner (AIP)
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2018-11-06

Epistar Merges Its Subsidiaries and Lextar Pushes New Products Development in 4Q18

The fourth quarter is usually the low season in the LED industry. As business growth slows down, LED producer Epistar has announced plans to restructure the company to efficiently manage resources for reducing operation cost. Meanwhile, Lextar has speeded up the process of product development for new applications. Epistar has announced the merger of four of its subsidiaries including Epistar JV Holding (BVI), UEC Investment, HUGA Holding (BVI) and Bee Rich Corporation. The goal of the merge is to productively distribute the resources of the company and r...
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2018-11-01

LG and Samsung Continue Their Competition in the Display Industry

LG and Samsung have been competing in the field of display, showcasing their novel display technology in international fairs one after another. Samsung revealed “the Wall,” the 146-inch Micro LED modular TV at the CES event in the beginning of the year and by the end of August, LG introduced its 173-inch Micro LED TV at the IFA. Aside from Micro LED, the two companies also fought against each other in the high-end TV market by releasing large sized OLED TVs. The two Korean electronics giants have both revealed their financial results fo...
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2018-10-26

Signify Announces the Financial Results of 3Q18

Signify has reported its results for the third quarter of 2018. The sales for 3Q18 came to EUR 1.6 billion (US$ 1.82 billion), with an on-year drop of 5.3 percent. The sales of LED-based products represented 70% of total sales and grew by 0.1% compared to 3Q17. Its net income was EUR 93 million (US$ 105.85 million), which dropped by 15.1% YoY.
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2018-10-24

Innolux Restructures Organization and Sets up Micro LED Business Unit

Taiwanese panel producer Innolux has announced the restructuring of the company’s organization. Robert Shiao, the prior president of the company, has become Vice Chairman. James Yang was promoted as President from Vice President and will oversee the business unit, operation unit and manufacturer unit of Innolux. According to Jim Hung, Chairman of Innolux, the new management team would strengthen the flexibility and competitiveness of the company.
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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