2015-05-19

Cree to Focus on Lighting Business by Spinning Off Power and RF Subsidiary

Cree announced that Cree’s wholly owned Power and RF subsidiary has submitted a draft registration statement on a confidential basis to the U.S. Securities and Exchange Commission for a potential initial public offering of the subsidiary’s Class A common stock.
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2015-05-08

Philips Annual General Meeting of Shareholders Approves Separation of Lighting Business

Royal Philips (NYSE: PHG, AEX: PHIA) announced that today’s Annual General Meeting of Shareholders (AGM) has approved the separation of the Lighting business from Royal Philips. Following the vote in Amsterdam, Royal Philips will continue the process to set up two market-leading independent companies that will focus on the vast opportunities in health technology and lighting solutions.
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2015-04-30

Osram Board Approves Splitting Lighting Business, 2Q15 Earnings Stable

Osram is systematically tackling its realignment. At yesterday’s meeting, the supervisory board of OSRAM Licht gave the green light for a mandate to examine the carve-out of the general lighting lamps business. As an independent entity, the business could operate more freely on the market and realize strategic options, such as for example partnerships, more easily. The businesses with opto semiconductors, automotive and specialty lighting as well as luminaires, lighting systems and solutions would as a result form the future core business of Osram. With this move, the company will increase its focus on growth, innovation and technology leadership and addresses the different dynamics and requirements in the changing lighting market.
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2015-04-29

Philips 1Q15 Profits Drop 28% amid Lighting Business Restructure

Despite delivering strong sales in its LED business, Philips profits in 1Q15 declined 28% due to slowdown in its health business, reportedFinancial Times and Marketwatch.
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2014-03-31

Ledtech Raked in the Benefits from Lighting Business Performance in 2013

Taiwanese LED package manufacturer Ledtech recently released their fiscal 2013 financial report. The company benefited from strong growth in profit margin in both their Chinese white household product and lighting product business, which drove up revenue in 2013.
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Osram Opto Semiconductors is expanding its Oslon Black family for the infrared range with six new automotive IREDs. The 850 nm versions are intended for exterior applications such as night vision, pedestrian protection, pre-field recognition a... READ MORE

Lumileds introduced the LUXEON CZ Color Line, a product line optimized to deliver maximum punch. “The LUXEON CZ features up to 48% higher punch than any other undomed color LED,” said Jennifer Holland, Product Line Direct... READ MORE