China’s ecommerce giants announced their breaking revenue results for Single’s Day on Nov. 12, 2015. The country’s online total revenue on the anti-Valentines day, commonly known as Single’s Day to locals, soared 52.7% to reach RMB 122.94 billion (US $19.29 billion), compared to last year’s RMB 80.5 billion according to data compiled by Syntun. Internet packages and deliveries climbed up 65.7% to reach RMB 678 million.

Osram, a global leader of lighting manufacturer based in Germany recently announced an additional investment of EUR 3 billion (US $3.24 billion) by the year 2020, in line of becoming a semiconductor company following the planned disposal of its traditional lamps and light bulbs business.. The additional investments comprised of EUR 1 billion for the construction of a new light emitting diode (LED) chip plant in Kulim, Malaysia. The new plant will be the largest and latest 6-inch LED chip production site worldwide. The balance EUR 2 billion will be invested in research and development (R&D) for the Osram Group globally.

Revolution Lighting Technologies, a leader in advanced LED lighting technology solutions, today announced that its division, Tri-State LED, secured an agreement for $1.2 million with the Parsippany-Troy Hills School District, as well as a $976,000 contract in collaboration with RVLT's division, Value Lighting, to supply its G3 LED tubes for the New Rochelle Public School System.

Singles Day celebrated by China every November 11 is one of the biggest shopping spree days in the country that can only be comparable to Black Friday in U.S., or Boxing Day in UK. Online Chinese retailer Alibaba has set a brand new record this year, completing business transactions at a much faster rate than last year.

 Investments of around EUR 2 billion (US$) planned in research and development by 2020.  Additional EUR 1 billion intended for the construction of a new LED chip plant by 2020.  “Diamond” initiative promotes growth and sustained enterprise value Until 2020, average annual growth rates of 8% for revenue and 9% for EBITDA expected

Osram managed the challenges of the changing lighting market very well in the fiscal year that ended in September 2015 and laid a strong foundation for future growth. EBITA1 excluding special items rose 26 percent on a year-on-year basis to €567 million, translating into a margin of 10.2 percent. Cost savings, positive currency effects as well as simplified corporate structures have contributed to this earnings increase. The reported EBITA margin reached 5.3 percent despite high transformation costs, while net income declined to €171 million. Revenue, on the other hand, rose eight percent to almost €5.6 billion. On a comparable basis, i.e., adjusted for portfolio and currency effects, revenue remained almost stable with a decline of around one percent. Based on the current corporate structure, the company expects comparable revenue in fiscal 2016 to be slightly below the prior year’s level. The adjusted EBITA margin is likely to be substantially below the level of fiscal 2015, among other things due to expenses attributable to the “Diamond” innovation and growth initiative. In contrast, net income is expected to increase sharply due to the anticipated book gain from the announced sale of the shares in Foshan Electrical & Lighting Co., Ltd. (Felco). Osram confirms that a dividend of €0.90 per share will be proposed for fiscal 2015 to the Annual General Meeting. For fiscal 2016, the company also intends to pay a dividend of at least €0.90 per share.

The word was out last Friday that Osram is in the process of selling its lamp business, which comprises traditional lighting businesses and LED luminaires, with Chinese manufacturers showing the greatest interest in bidding for the German company’s prized luminaire businesses.

Taiwanese police have busted a group suspected of stealing business secrets from leading international GaN wafer supplier Win Semiconductors, reported CNA.

The lighting industry has been steadily developing over the last two decades, with China becoming one of the largest manufacturing base and consumer market. According to data compiled by Hong Kong Trade Development Council (HKTDC) lighting products manufactured in China was up 10.7% YoY to RMB 418.5 billion (US $) in 2014.

The LED industry survived the economic downturn, and has started to rebound in 3Q15. Their financial results will reveal whether manufacturers are in the lead with a overflowing treasury, passing, or in the red zone.

GT Advanced Technology and Apple reached an agreement that will settle the sapphire supplier’s $439 million outstanding debt, reported Wall Street Journal, AppleInsider, and other media reports.

Large private-equity firms might be proposing to acquire Philips lighting unit for EUR 5.5 billion (US $6 billion), a Bloomberg report cited a person familiar with the matter saying.

Solid State Supplies has announced a franchise distribution agreement for the UK with Luminus Devices, a global manufacturer of high-performance LEDs.

After suspending trade for four months, Mason Technologies announced its reconstruction plan of acquiring two companies to expand its presence in the internet advertisement industry.

MLS announced its revenue for 3Q15 was down 8.62% year on year (YoY) to RMB 887 million (US $139.7 million). The company’s net income attributable to shareholders was plunged 79.32% YoY to RMB 17.19 million (US $2.7 million).

The U.S. Department of Energy (DOE) announced a solid-state lighting (SSL) R&D funding opportunity on October 29, 2015. Under this funding opportunity (DE-FOA-0001364, “Solid-State Lighting Advanced Technology R&D—2016”), a total of up to $10.5 million in funding is directed toward all three existing DOE SSL R&D program areas: 

Leyard Optoelectronic announced that the company is to launch private placement of 120 million shares to raise about RMB 1.98 billion (US $312 million). The company will utilize RMB 1 billion to obtain 100% of Planar’s share.

HC SemiTek Corporation announced that its subsidiary Suzhou HC SemiTek Corporation received a RMB 56.4 million (US $8.88 million) subsidy for 3Q15 development from committee of Zhangjiagang Economic and Technological Development Zone.

Dow Corning Corp. today announced third quarter sales of US $1.39 billion and net income of $72 million. Adjusted net income in the third quarter decreased 1% to $108 million. Through the three quarters, Dow Corning's adjusted net income, which excludes unusual items, has increased 6 percent despite decreased sales impacted largely by the strong United States dollar.

Mergers and acquisitions (M&A) are occurring at a rapid pace in the LED industry. Based on incomplete statistics compiled by LEDinside editorial team in China, more than 37 mergers have occurred in the LED industry during first half of 2015, averaging three acquisitions per month. Acquisitions in the industry are maturing, and new M&A trends have emerged.

Taiwanese LED manufacturer Everlight has issued a statement Thursday rebutting a DIGITIMES report released a day before claiming it has forced employees to take one week unpaid leave in November.

The California Energy Commission released a final staff report proposing the first standards for small-diameter directional lamps and light-emitting diodes (LEDs). Directional lamps are often used in commercial track lighting, while LEDs replace screw-based incandescent bulbs and compact fluorescent lighting (CFL) typically found in homes. Prompted by legislation requiring the Energy Commission to adopt standards to reduce energy use of lighting in homes by 50% and businesses by 25% from the 2007 levels by 2018, the proposed standards will save energy and improve the quality of the light bulbs that Californians are buying every day.

Saignow City in Michigan, U.S. has borrowed US $5.2 million for city projects including vehicle and LED streetlight upgrade project, according to a MLive report.

Digital Lumens, the market leader in intelligent LED lighting systems, today announced the appointment of Steve Ronneberg as Vice President of Worldwide Sales. Ronneberg joins Digital Lumens from Montreal-based Grass Valley, part of St. Louis-based Belden Inc., which delivers end-to-end television production and content distribution solutions to meet the mission-critical network infrastructure needs of broadcast markets.

Leyard Optoelectronic, a leading worldwide provider of LED display products and auxiliary systems announced its 3Q15 financial result. The company’s revenue rose to RMB 523 million (US $82.39 million), reflecting 68.12% year on year (YoY) growth, while its net profit skyrocketed 182.67% YoY to RMB 103 million (US $16.23 million). Meanwhile, Leyard's 41.24% consolidated gross margin is considered relatively high among the manufacturers within the LED industry.

Cree, a market leader in LED lighting, announced revenue of US $425.5 million for its first quarter of fiscal 2016, ended September 27, 2015. This represents a 1% decrease compared to revenue of $427.7 million reported for the first quarter of fiscal 2015, and an 11% increase compared to the fourth quarter of fiscal 2015. GAAP net loss for the first quarter was $23.6 million, or $0.23 per diluted share, compared to GAAP net income of $11.1 million, or $0.09 per diluted share, for the first quarter of fiscal 2015. On a non-GAAP basis, net income for the first quarter of fiscal 2016 was $22.1 million, or $0.21 per diluted share, compared to non-GAAP net income for the first quarter of fiscal 2015 of $29.6 million, or $0.24 per diluted share. 

Chinese LED manufacturer Nationstar announced it has signed a domestic equipment procurement agreement with ASM Pacific Technology (Shanghai), and import equipment purchase agreement with ASM Pacific Technology (Hong Kong).

Rubicon Technology, a leading provider of sapphire substrates and products to the LED, semiconductor, and optical industries, announced the appointment of Hany Tamim as Chief Operating Officer. Tamim will have responsibility for all global manufacturing operations of Rubicon Technology. Tamim will be based in Malaysia and report to the CEO, Bill Weissman. The COO role is a consolidation of two senior management positions and will provide the Company with greater coordination of manufacturing operations at a lower cost.

LG announced subsidiary LG Display will be taking over LG Chem’s OLED lighting business on Monday, as part of its OLED realignment strategy reported The Korea Times and Yonhap News.

San’an Opto announced Thursday its subsidiary specializing in integrated circuits (IC) has borrowed RMB 140 million (US $22.04 million) loan that will be paid in 10 year instalments at an interest rate of 1.20%.