Wrapping up this week’s top news, Samsung might be closing down its LED luminaire business soon, according to a Yonhap report. A bankrupt LED manufacturer’s suicide once again highlights bad financial practices in China’s LED industry that are hurting SMEs. Philips focus onto health applications becomes more evident with the launch of a wearable blue LED light therapy device to treat skin disease. LEDinside’s Senior Analyst Figo Wang gives an in-depth six point analysis on Philips recent business restructure. For more please see below: