Chinese LED manufacturer Unilumen recently announced it has cancelled plans of acquiring a foreign firm for US $300 million, according to a cnledw.com report.

Further details of Ledman’s acquisition of a Chinese LED luminaire company has finally been confirmed today.

Royal Philips, the global leader in lighting, today announced that Hubbell Lighting, a division of Hubbell Incorporated has joined its LED Luminaires and Retrofit Bulbs Licensing Program. Through membership of its open Licensing Program, Hubbell Lighting, Inc. will benefit from Philips’ patented and leading-edge innovations in LED control and system-level technologies.

Royal Philips  announced the appointment of Andy Ho as Chief Executive Officer for Greater China per November 2, 2015, succeeding Patrick Kung, who will retire on December 31, 2015. To ensure a seamless transition, Mr. Ho will join Philips on August 3, 2015, as Executive Vice President, Royal Philips, reporting to Philips CEO Frans van Houten. Mr. Ho joins Philips from IBM Corp., where he has held a wide range of sales, technology and senior management roles across Greater China, Canada and the United States in a career spanning over 30 years. His latest roles at IBM were General Manager for Greater China North and, subsequently, General Manager Technology Partnership and Strategic Alliances for Greater China.

China’s A-shares started off with a strong rebound this week, after plunging to an all-time low last Thursday and Friday. In the short term, A shares are stabilizing on the market. Many listed LED manufacturers that suspended trade to avert impacted by the volatile stock market have gradually resumed trade. More than 350 listed Chinese companies resumed trade as of Monday, according to latest statistics.

To protect investors rights, San’an Opto suspended trade on the Chinese bourse on July 8, 2015, due to the uncertain outcome of an important company decision that potentially could have impacted its stock performance. The company explained the trade suspension was to ensure all information was transparent, open and fair.

Nationstar announced Monday it will be acquiring electronic manufacturer Guangdong Desheng company, a wholly owned subsidiary of Guangsheng, for RMB 250 million (US $40.60 million).

Leading LED small pitch display manufacturer Leyard, has seen continual growth in the industry as the company reaps benefits from transforming its LED plant into a wholly automated production line, according to an industry insider.

In its latest fiscal report for first half of 2015, Absen Opto announced its net profit has declined compared to the same period a year before.

Chinese LED manufacturer Ledman announced it is planning to acquire a new LED luminaire company as of July 8, 2015.

Cree, a market leader in silicon-carbide (SiC) power and RF products announced the acquisition of APEI, a global leader in power modules and power electronics applications. Combining two highly complementary innovators, the acquisition enables Cree’s Power and RF business to extend its leadership position and help to accelerate the market for high-performance, best-in-class SiC power modules.

Chinese LED manufacturer Leyard has halted trade on China’s bourse as the company prepares to acquire Mingji Electronic Technology (Beijing) (Mingji) and LEDAVENUE.

The Chinese LED industry is very familiar with subsidies, the country’s government has offered financial support to local companies since 2009. Subsidies issued by the central government over the last six years has spurred the explosive growth witnessed in the country’s LED industry. LED enterprises all want a share in government subsidies. Listed companies in particular often covet subsidies to give their financial performance a facelift. LEDinside editor Flora Wu has ranked manufacturers that have received the most subsidies in 2015 in the following order below:

Avnet Abacus, one of Europe’s leading interconnect, passive, electro-mechanical and power distributors and a business unit of Avnet Electronics Marketing EMEA, a business region of Avnet, has signed a pan-European distribution agreement with Taiwan-based MechaTronix, an important player in the global market for LED cooling solutions.

Following China’s stock market nosedive in recent weeks, more domestic listed companies have chosen to suspend trade. More than 760 listed companies combined have suspended trade on the Shanghai and Shenzhen bourses as of July 7, which is roughly equivalent to 27% of the total companies listed on both bourses. More than 100 companies applied for trade suspension on July 6 alone.

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.

Chinese LED manufacturer ETI announced Monday, eight company executives will be increasing shareholdings in their company to boost investors’ confidence.

Australia’s largest online retailer of server racks, network cabling, and fiber optics, 4Cabling, has successfully acquired 5 year-old e-commerce lighting retailer OzLighting.

LG Display will be investing 900 billion won (US$802.75 million) to build a new production line for small and medium OLED displays, reported Korean newspaper DongA Ilbo.

Nova Scotia Power (NSP), is seeking regulatory approval of CA$ 36 million (US $28.43 million) to convert its streetlights to LED, reported The Chronicle Herald.

Following Chinese governments declining subsidies in 2015, industry insiders projected a slowdown in global LED production capacity growth rates, according to a Chinese-language Commercial Times report. The industry, though, still faces oversupply situation as the total volume of MOCVDs will reach 2,000 this year, said Epistar Chairman B.J. Lee.

German lighting manufacturer Osram has started a round of talks with potential buyers of its lamp business, the lineup of candidates includes several large Chinese lighting companies, according to a Reuters report.

In a company statement, Chinese LED manufacturer ETI announced two of its subsidiaries received in total RMB 70 million (US $11.28 million) subsidies from local governments.

Chinese driver manufacturer Moso recently reported a pessimistic revenue outlook, reported Securities Daily.

Go Scale Capital’s ultimate motive for acquiring Lumileds is to list the LED chip company on the Chinese bourse, a Commercial Times report cited Epistar Chairman B.J. Lee saying at a recent company shareholder meeting.

LED market underperformed in 2Q15, due to waning backlight market during the quarter and cutthroat pricing competition in the lighting market, a CNA report cited Epistar Chairman B.J. Lee saying.

The LED industry market competition has intensified leading to price plunges, and even some LED lighting manufacturers releasing low priced products that have been given the “cabbage price” nickname, reported Chinese LED website Grand Lighting (Dazhaoming). Prices of international LED manufacturers mid to high range LED products remain high, creating a huge price difference.

Austrian lighting company Zumtobel restructures have helped the company turn around the EUR 4.8 million (US $ 5.32 million) losses it incurred in the last fiscal year, reported Austrian media Die Presse.

Samsung Electronics has recently signed a LED lighting component and module partnership service testing agreement with China Certification & Inspection Group’s (CCIC) Korean branch, reported Qianjia.com.

Semicon Light, a Korean company funded by Chinese LED manufacturer HC Semitek has been listed on the Korean bourse KOSDAQ on June 25, 2015.