NVC Lighting Sued Over Outstanding Loan Left by Former CEO

NVC Lighting recently was notified by Chongqing First Intermediate People's Court that a Chinese bank has filed a plaintiff against the company for outstanding loans left by former CEO Wu Changjiang.
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Cash-strapped Sharp to Shutdown LED Factories

Ailing Japanese electronic company Sharp will be closing down three LED factories as part of its drastic cost-cutting plan, according to a latest Nikkei report.
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Another Debt Ridden Chinese LED Manufacturer Founder Has Gone Missing

Another founder in the intensely competitive Chinese LED industry has disappeared, according to a National Business Daily report.
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Innolux Finding it Difficult to Turn a Blind Eye on Chi Mei’s Financial Situation

LED chip manufacturer Chi Mei Technology Corp went out of business last month after a surprise exodus by the company’s board members. A staggering amount of NT$5.6 billion in unpaid debts has lead to anger from creditor banks. The phones were ringing off the hook yesterday (7) for Chi Mei’s top shareholder Innolux with calls from legal persons and investors. Innolux expressed that during today’s (8) online conference, chairman Tuan Hsing-chien will be there himself to offer explanation.
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Wealthy Shareholder Innolux Refuses to Bailout Chi Mei

The creditor banks for Chi Mei Lighting Technology Corporation are demanding the company’s shareholder groups like Innolux Corportation and Chi Mei Corporation to repay the company’s debt. However, Innolux Corportation’s response was that the responsibility for resolving the debt was solely that of the creditor banks and that all Chi Mei employees are welcome to work at Innolux. Chi Mei Corp only expressed regret over the situation.
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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