LED/SSL Financial News

Seoul Semiconductor to Construct Facility with LED Production Line in Vietnam

Seoul Semiconductor has plans to build an LED and semiconductor production facility in Northern Vietnam, according to the Yonhap News Agency. The company has won a license to invest US$300 million in the construction of the 750,000-square-meter facility. Last week, the provincial government of the Ha Nam province agreed to …

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Cree to Sell Wolfspeed Division to Infineon

Durham, North Carolina-based Cree Inc. has agreed to sell Wolfspeed to Infineon Technologies AG. Wolfspeed, which is based in Research Triangle Park, North Carolina, also holds Cree’s SiC wafer substrate business for power and RF power devices. Infineon will pay Cree about $850 million (approximately Euro 740 million) in the planned …

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U.S. DOE Awards Grants for Six SBIR STTR Proposals for Advancing SSL Technology

The U.S. Department of Energy has awarded grants for six Small Business Innovation Research (SBIR)-Small Business Technology Transfer (STTR) proposals focused on advancing solid-state lighting (SSL) technology. The new SBIR-STTR FY16 Phase I Release 1 awards will go towards examining the technological benefits and commercial feasibility of an innovative concept …

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Philips Sale of Lumileds to Go Scale Capital Fails U.S. Regulatory Approval

Royal Philips (Philips) of Amsterdam, the Netherlands announced that the company and Chinese investment firm GO Scale Capital have terminated the agreement for GO Scale Capital to acquire an 80.1% interest in Lumileds. Last year Philips agreed to the sale of the Lumileds business, which produces LEDs and automotive lighting. …

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U.S. Regulators Stall GO Scale Capital’s Acquisition of Lumileds

U.S. regulators have stalled Royal Philips sale of Lumileds, Philips’ LED component and automotive lighting producing subsidiary, to Chinese investment company GO Scale Capital. The news of the regulatory setback comes from Philips earnings statement and a Bloomberg article. The $2.8 billion sale of 80.1 percent of the US and …

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Agressive Expansion Plans of Chinese Companies to Drive Surge in MOCVD System Purchases, According to IHS

IHS forecasts that a total of about 220 GaN MOCVD reactors will be installed in 2015. According to the latest data in the IHS LED Intelligence Service, the aggressive expansion plans of some Chinese LED companies will drive this surge in MOCVD system orders. The company points out that this new …

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Philips to Sell Majority Interest in Combined LED Components and Automotive Lighting Businesses to Chinese Investment Consortium

According to a Royal Philips announcement, a consortium led by GO Scale Capital has agreed to purchase 80.1% of the combined LED components and automotive lighting business from Royal Philips. Philips will retain the remaining 19.9% and will receive about USD $2.8 billion in compensation for the transaction before taxes …

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