Key developments this week: GTAT wind-down approved by U.S. court, company slashes 890 jobs. Indian Energy Ministry actively promotes LED bulbs, and plans to sell them for less than US $1 each in rural areas. Lextar board approves Cree NT $83 million (US $2.73 million) investment in company, company stocks to be sold at NT$ 30 per share. Nichia announces first global spokesperson to be based in Taipei, an interesting development for a company mostly involved in B2B operations.