Global LED chip demand and supply condition is gradually reaching an equilibrium, and easing the industry’s oversupply situation, according to a Qianjia.com report that quoted an electronic component industry report by UBS. Lighting is becoming one of the major application sectors in the LED industry, and China’s LED supply chain is expected to benefit from these changes. LED chip manufacturers are expected to benefit the most in the future.

According to the HCM City Energy Conservation Center, only 1,200 LED lights are used out of the total 102,500 bulbs for public lighting. Most of the other lights are high-pressure mercury (HPM) or high pressure sodium (HPS) lights, reported Viet Nam News.

TOGGLED®, developer and producer of next-generation solid-state lighting technology and named in the Top 25 Most Innovative Companies in South East Michigan by Crain's Detroit, reported today the addition of CLEANLIFE® Energy to its rapidly growing roster of LED lighting product licensees.

China’s LED industry has been hit with another wave of resigning managers in August, according to a LEDinside report. In the aftermath of the industry’s major manager turnover during March and April this year, more than nine senior managers have left in the last two months (from June 1 to August 5). Chairmen, vice CEOs, deputy general managers, interim member of the board of supervisors and others have stepped down, due to personal reasons. Below is a list of senior managers that have walked out.

The market for glass-based AMOLED displays is expected to reach almost US $23 billion in 2022. In an effort to adapt to new market conditions both Samsung and LG Display are now ramping up production capacity of plastic-based OLED displays, for which IDTechEx forecasts the market will nearly double next year from $1.5 billion in 2015 to $2.9 billion in 2016.

HC Semitek announced Tuesday night that it will be acquiring 100% of Crystaland shares for RMB 1.08 billion (US $170 million), according to a Chinese-language Securities Times report.

Chinese LED manufacturer Nationstar announced Tuesday the company revenue was up 24.65% Year-on-Year (YoY) to RMB 906 million (US $141.85 million), according to the company’s financial statement.

As part of its restructure efforts to raise LED profit margin, Panasonic will be shutting down its LED manufacturing factories in Indonesia while moving production to Japan, reported Nikkei Asian Review.

 Illumitex announced it has concluded its C1 round of funding, strengthening the company's cash position by US $16 million.

Cree, a market leader in LED lighting, announced revenue of US $382 million for its fourth quarter of fiscal 2015, ended June 28, 2015. This represents a 12% decrease compared to revenue of $436 million reported for the fourth quarter of fiscal 2014, and a 7% decrease compared to the third quarter of fiscal 2015. GAAP net loss for the fourth quarter was $88 million, or $0.83 per diluted share, compared to GAAP net income of $30 million, or $0.24 per diluted share, for the fourth quarter of fiscal 2014. 

IKEA announced today that as of September 1, 2015, all IKEA stores will only sell LED bulbs and lighting to enable customers to live a more sustainable life at home. This bold move was announced in 2012 and IKEA is pleased it has met its commitment. Since 2013, IKEA U.S. customers have purchased 7.6 million LED bulbs, helping them collectively save nearly US $3 billion in energy costs. **

In a generation where people compare looks and family backgrounds, the business sector is also engaged in similar competitions. The LED industry is a field that is not short of manufacturers showing off their renowned backers. LEDinside lists below classical examples in the field.

GT Advanced Technologies,announced that Tom Gutierrez is retiring from the company and has resigned as Chief Executive Officer and as a director. The Board of Directors appointed David Keck, Executive Vice President and General Manager of the Polysilicon and Photovoltaic business, as the new Chief Executive Officer, effective immediately.

Unity Opto’s consolidated revenue in July dropped 37.4% YoY to NT $500 million (US $15.79 million), according to a UDN report.

Chinese LED manufacturers Auckson Opto and Unilumen financial results in 2Q15 was polarize. Auckson net profits plummeted, in stark contrast Unilumen’s revenues nearly doubled, reported Chinese-language report Security Times.

Top Taiwanese LED manufacturers Everlight and Epistar revenues for second quarter of 2015 were impacted by trending low LED prices on the market, according to a China Times report.

U.S. LED manufacturer TCP International Holding (TCP) ex-CEO Ellis Yan has settled a lawsuit brought up by former lawyer Laura Hauser, for US $3.9 million, according to a Cleveland.com report.

Universal Display Corporation, enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials,today reported financial results for the second quarter ended June 30, 2015.

TOGGLED®, developer and producer of next-generation solid-state lighting technology, reported the addition of two companies, Dauer LED and Fusa Corp, to its rapidly growing roster of LED lighting product licensees.

Rubicon Technology (Rubicon), a leading provider of sapphire substrates and products to the LED, semiconductor, and optical industries, today reported financial results for its second quarter ended June 30, 2015 and announced the signing of a resource sharing agreement with another sapphire polisher aimed at more rapidly reducing polishing costs.

India will be replacing one billion lights nationwide with energy efficient LEDs within three years, The Economic Times quoted a top ranking Bureau of Energy Efficiency (BEE) official saying.

GE has partnered with Beacon Lighting to expand the reach of its LED business in Australia and New Zealand.

Cree and Epistar announced on Aug. 4, 2015, the two companies signed a global LED patent cross license agreement. The move signals large LED manufacturers strategy of maintaining market positions through patent advantages, said LEDinside analysts.

Multimedia and consumer electronic company Thomson, which left the Indian market in 2004, is returning to the market through its LED TV subsidiary, according to Indian media The Financial Express.

Cree and Epistar have signed a worldwide patent cross-license agreement for LED chips to further advance the growth of the LED lighting and LED bulb markets. Cree and Epistar both hold broad and substantial LED chip patent portfolios that are important for making blue LEDs, the foundation of white LEDs found in most lighting products manufactured worldwide. Under the terms of the agreement, each party receives a license to the other’s nitride LED chip patents and is granted certain rights to non-nitride LED chip patents. Over the term of the agreement, Cree will receive a licensing fee and royalty payments from Epistar.

Opple Lighting, which is in the process of applying IPOs in China, has seen its revenues reach RMB 3.9 billion (US $630 million) in 2014, according to a report by Chinese-language media The Time Weekly.

U.S. MOCVD equipment manufacturer Veeco latest financial results shows the company's revenues increased 38% compared to the same period last year. The company did not break down its earnings into particular market sectors or applications.

Seoul Semiconductor affiliate’s acquisition proposal of Sensor Electronic Technology (SETi) has been approved by the U.S. Department of Defense, according to a report by The Korea Times.

Chinese LED manufacturer Ledman announced it will be acquiring Infront Sports and Media for EUR 25 million (US $27.35 million) on Thursday.

A small Chinese LED manufacturer Zhongshan Sover Lighting Company (Sover) patent infringement plaintiff filed against four leading industry players in China has been compared to as the battle between an ant and the elephant, according to Chinese-language media www.jiajui.com.