In the era of LED lighting, traditional lighting brands have continued to control the market’s developments, reported PIDA. Lighting giant Royal Philips (Philips) slashed 2-packed LED bulb prices to US $4.97 on April 22, 2015. A single bulb price during the promotion period that lasted till July was about $2.49 per bulb, reported Chinese-language media Money DJ.com.

To coordinate with the market situation and considering the requests from users, recently BIS has published below notifications for CRS.

Billion Electric, a leading networking and energy management solutions provider, today announces that it is in a strategic partnership with numerous LED streetlight vendors to deploy its Smart Streetlight Control Solution (LCMS) for a city-wide street light infrastructure project, providing automatic dimming and energy saving controls based on environmental illumination, motion, and regional sunrise and sunset schedules. Billion is in collaboration with the Bureau of Energy, Taiwanese Ministry of Economic Affairs to expand its system capacity controlling up to 6,000 street lights for a freeway project.

India-based Eon Electric Limited (EEL), a manufacturer of energy-efficient LED lighting products, has secured an extended LED streetlight installation contract aimed at replacing conventional streetlights with LEDs in Jodhpur.

The Indian government aims to distribute more than 60 million LED bulbs through State-owned Energy Efficiency Services (EESL) within one year, said the country’s Power Minister Piyush Goyal recently.

Chinese LED manufacturer Changelight Chairman Dianming Deng has retired from his role as the company chairman, and successor has been chosen by the company board, according to a recent company statement.

Royal Philips announced that today’s Extraordinary General Meeting of Shareholders (EGM) appointed Abhijit Bhattacharya as a member of the Board of Management with effect from December 18, 2015.

Chinese LED maker MLS as a potential acquisition of Taiwanese LED chip manufacturer Epistar has become the latest gossip in Taiwan’s LED industry. Following the market rumors, the LED chip maker’s shares have soared, giving the LED stock market a major boost. Market rumors claim Chinese manufacturers potential investments in Taiwanese companies have allowed local LED enterprises to reevaluate their market value. However, LEDinside interviews with local market research companies noted the chances of MLS acquiring Epistar was fairly low, and the Chinese company’s current focus was mostly directed towards bidding Osram’s lighting business.

According to a Bloomberg report, Apple’s secret facility in Taiwan is working on display technology, most likely OLED panels.

The National Electrical Manufacturers Association (NEMA) commends the U.S. Department of Energy on its Dec. 2, 2015 decision that mandatory energy conservation standards for high-intensity discharge (HID) lamps are not technically feasible or economically justified. Furthermore, the DOE determined that higher energy conservation standards for HID lamps would not yield significant energy savings for the nation.

Expecting more than $1 billion in additional annual EBITDA at full run-rate synergies. Transaction is expected to yield more than $1 billion in additional annual EBITDA at full run-rate synergies and is expected to be accretive to Operating EPS, cash flow from operations and free cash flow in the first full year after the close of the transaction. Combination deepens Dow’s portfolio in attractive end use applications such as building and construction, consumer care, and automotive.

How do people manage a company? Do they try expanding the company business to make it big and comprehensive? Or do companies focus all their resources on a few selected businesses? Manufacturers’ business strategies may vary. For TongYiFang Optoelectronic (TongYiFang) both strategies are equally important, it is important to have a narrow focus to clarify the company's market position before expanding into other business markets.

Highly synergistic transaction expected to result in run-rate cost synergies of approximately $3 billion, which are projected[1] to create approximately $30 billion of market value Approximately $1 billion in growth synergies are also expected to be achieved Combined market capitalization will be approximately $130 billion at announcement Andrew N. Liveris will be named Executive Chairman and Edward D. Breen will be named CEO of combined company; Advisory Committees will be established for each business Dow and DuPont shareholders will each own approximately 50 percent of the combined company, on a fully diluted basis, excluding preferred shares

Gloucester City located in Massachusetts, U.S. will be upgrading its streetlights to warm 3,000K LED lights, reported Gloucester Times.

Despite receiving numerous criticism from residents, West Berkshire Council defended its multi-million pound LED streetlight replacement project.

Nationstar announced it signed two separate procurement agreements with ASM Microelectronics Technical Services (Shanghai) (ASM Microelectronics) and ASM Pacific (Hong Kong Limited).

Rosen Law Firm, a global investor right law firm, announced recently it is investigating potential securities claims on behalf of shareholders of Aixtron resulting from allegations that Aixtron might have issued materially misleading business information to the investing public.

Philips announced it will be closing down its lighting plant in Burgaw, Pender County in North Carolina, U.S. recently, according to a report byTriangle Business Journal.

Certain LED manufacturers have turned their attention to niche lighting market applications in the wake of declining LED profits, but MLS is ambitiously vying the IC semiconductor industry and emerging markets to boost its profitability in the future.

Covestro will be among the 80 most important listed companies in Germany. Roughly two months after its flotation, the materials manufacturer will be included in the MDAX stock market index as of December 21made the announcement last Thursday evening.

In an exclusive interview with LEDinside, MLS General Manager Lawrence Lin discussed in-depth the company’s ongoing talks with German LED company Osram to acquire its lighting business at Taipei Building Show organized by Dollar International Industry earlier today.

Osram announced by raising the share of semiconductor sales from the global general lighting market could help it reduce the total cost of producing chips for LEDs at its new factory to be opened in Malaysia, reported Bloomberg.

The East Coast Railway (ECoR) in India has implemented the central government sponsored Domestic Efficient Lighting Program (DELP) in areas under its jurisdiction, reported The Times of India.

Seoul Semiconductor announced that it has prevailed in a series of patent invalidation actions against Japanese lens maker Enplas also concluded royalty-bearing licenses regarding LED technology with North American television makers, which demonstrates the strength of Seoul’s LED technology and intellectual property program.

EcoSense®, a fast-growing LED technology company, announced today that it has acquired the assets of Journée Lighting.  Journée Lighting is a privately owned, CA-based lighting company that specializes in the design and development of specification grade lighting.

The U.S. Consumer Product Safety Commission in conjuntion with the Canadaian government have recalled about 25,000 TCP PAR38 LED lamps over electrical shock hazards.

Epistar has come a long way from its foundation in 1996 to become one of the largest players in Taiwan’s LED industry, mergers and acquisitions played a significant role in the process of building up the company. The company Chairman B.J. Lee shared some insights on the company’s business strategies at the 2015 Pan Wen Yuan Prize Award Ceremony on Monday, which took place at the Shangri-La Hotel in Taipei.

At COP21 in Paris today, Philips Lighting released a paper highlighting the unprecedented energy savings potential of a global transition to light-emitting diode (LED) lighting. 

The LED backlight industry might still experience an exceptionally cool season in 2016, but breakthroughs are expected in the tube light replacement market, said Epistar Chairman B.J.Lee at the 2015 Pan Wen Yuan Prize Award Ceremony at the Shangri-La's Far Eastern Plaza Hotel in Taipei, Taiwan earlier today.

A small startup company Off Grid Electric is aiming to transform the solar market in Africa, where three out of four households are living without electricity, and make energy affordable in the power hungry continent.