Cree, a market leader in LED lighting, today announced revenue of US $436 million for its second quarter of fiscal 2016, ended December 27, 2015. This represents a 5% increase compared to revenue of $413 million reported for the second quarter of fiscal 2015, and a 2% increase compared to the first quarter of fiscal 2016. GAAP net income for the second quarter of fiscal 2016 was $14 million, or $0.14 per diluted share, compared to GAAP net income of $12 million, or $0.10 per diluted share, for the second quarter of fiscal 2015. On a non-GAAP basis, net income for the second quarter of fiscal 2016 was $30 million, or $0.30 per diluted share, compared to non-GAAP net income for the second quarter of fiscal 2015 of $38 million, or $0.33 per diluted share.

Olaf Berlien, CEO of OSRAM Licht AG, and Grant Wright, CEO and CFO of OSRAM Americas, unveiled the new OSRAM Americas headquarters at a ribbon cutting ceremony recently in Wilmington, Massachusetts.

Shortly after Epistar held its board meeting on Monday, numerous reports from Taiwanese media claimed the company was about to be merged. MLS, Philips and even Lumileds were named by speculators as potential buyers, following the reports Epistar’s shares climbed up to NT $29.5 (US $0.88) per share, reported TechNews. However, Epistar Spokesman Rider Chang has denied all these claims.

The Indian government has rolled out numerous large scaled LED bulb distribution projections across the nation, but not all Indian consumers are warming up to the low-priced bulbs, according to a report from The Deccan Herald.

Puducherry, a Union Territory of India, has launched its second phase LED bulb distribution project, The Hindu reported Puducherry Electricity Minister T. Thiagarajan saying recently.

A town in Massachusetts, U.S. has decided to put its LED streetlight upgrade on hold, even though it had received funding from Department of Energy Resources in conjunction with the town’s new status as a Green Community, reported The Patriot Ledger.

Osram, one of the world's leading lighting manufacturers, continues to make progress with the carve-out of its general lighting lamps business. After the supervisory board of OSRAM Licht AG approved the carve-out of the unit in June 2015, the name of the new company has now also been decided. “We have opted for a combination of the terms ‘LED’ and ‘advance’ and will call the newly established company LEDVANCE,” said Olaf Berlien, Chief Executive Officer of OSRAM Licht AG. “The name reflects the trend toward LED in the lighting market as well as the opportunities arising from this development – opportunities LEDVANCE will actively exploit.”

A report from Korean media ET News pointed out that Samsung Display will be supplying flexible OLEDs for the next generation Apple iPhones.

A Zambia-based power utility company Zesco has distributed more than 480,000 energy efficient lamps nationwide out of its 1 million bulb target, according to reports by Zambia Reports and others.

Osram, one of the leading lighting companies, has granted Taiwan’s Unity Opto Technology Co. Ltd. a royalty-bearing license to produce white LED packages under Osram core patents covering phosphor conversion technology. This technology is widely used in the LED industry for the generation of white light based on a semiconductor chip emitting blue light that is partially converted into one or more other colors by suitable phosphor materials.

By replacing traditional luminaires with LEDs, India could save US$ 6 billion annually by 2018, said Piyush Goyal, Minister of State with Independent Charge for Power, Coal, New and Renewable Energy in the Government of India.

The Optical Society (OSA) has announced that Dr. Gregory Quarles has joined The Optical Society as Chief Scientist. In this position, Dr. Quarles is responsible for the scientific infrastructure of the society. This includes content development for OSA incubators, annual meetings and the establishment of partnerships with research laboratories around the world. Quarles is a globally recognized leader for his strategic partnerships with the federal government, industry and academia, as well as his innovative work in the progression of global materials research, specifically developing new laser devices for medical, military and industrial applications.

Shanghai Feilo Acoustics and The Hongkong Shanghai Banking Corporation (HSBC) recently signed a termination agreement that ended the international bank’s role as the sole financial consultant for the Chinese LED luminaire company’s plan to acquire Osram’s lighting business.

Veeco Instruments announced  William (Bill) J. Miller, Ph.D. has been promoted to President, effective immediately.  In his new role, Dr. Miller will have direct responsibility over all of Veeco’s business units and central R&D.  He will also oversee global manufacturing operations, a responsibility he assumed in 2015.

Demand for lighting equipment jumped 4.4% between the second and third quarters of 2015 to achieve what the National Lighting Bureau hails as “the best quarterly performance since the second quarter of 2008.” The dramatic improvement – a 4.8% year-over-year gain – was revealed by data developed by the National Electrical Manufacturers Association (NEMA) for the NEMA Lighting-Systems Index (LSI). According to NLB Executive Director John Bachner, “Three months ago we said that ‘lighting-equipment demand is moving in the right direction’ and “We’re optimistic that the next report will show continued growth over the third quarter.’ Our optimism has been justified; in fact, it has been more than justified. Lighting’s back!”

James “Jim” Yorgey, P.E., LC, CTS, Lutron Electronics Company’s technical-applications manager, has been re-elected chair of the National Lighting Bureau, the independent, not-for-profit, lighting-education foundation sponsored by professional societies, trade associations, manufacturers, utilities, and agencies of the U.S. government.

The Industrial Technology Research Institute (ITRI) in Taiwan and Mitsubishi UFJ Financial Group have established a joint fund to support the development of laser technology in Taiwan, and assist local companies brushless DC motor controlled IC modules enter the large Japanese vendors supply chain.

HC Semitek announced recently that it would be investing in total RMB 6 billion (US $915,625) in the construction of a new LED epiwafer, chip and production line in Yiwu Industrial Park, according to a report from Chinese-language China Securities.

Chinese LED manufacturers San’an Opto and Silan Microelectronics both announced receiving massive subsidies from the local government recently.

Moso Power announced Monday that the company and its wholly- owned subsidiary Shenzhen Moso Electric received RMB 8.5 million (US $1.3 million) subsidies from the government.

Acuity Brands  announced it has acquired for cash certain assets, including all proprietary technology and other intellectual property, of GeoMetri, LLC, a provider of a software and services platform for mapping, navigation and analytics.

Intense competition in the LED market will spur the LED market into a new phase, and with Nichia’s white LED patents expiring in 2017, Taiwanese LED chip maker Genesis Photonics Inc. (GPI) is focusing on the emerging flip chip LED and CSP LED market, said the company Chairman David Chung in a recent interview with China Post.

Colorado State University and Philips Lighting have forged a long-term collaborative partnership by signing an agreement to create a state-of-the-art LED-lighted education, research and training horticulture facility at CSU.

NEMA's Electroindustry Business Conditions Index (EBCI) for current conditions in North America fell to 41.2 in December as a larger share of panelists reported conditions deteriorated than reported they improved. The December reading represented a substantial decline from November's reading of 58.3. Meanwhile, the EBCI for future North American conditions slipped to 52.9 in December from 55.6 in November.

In a recent interview with German magazine Manager Magazin, Siemens CEO Joe Kaeser affirmed he was surprised by Osram’s R&D investment plans, and noted the company had not sold a single share it had in Osram.

 A GBP17.5 million (US $25.75 million) investment by UK Green Investment Bank and Sustainable Development Capital Limited is UK’s largest ever fully-funded LED lighting retrofit project. About 90,000 new lights to be installed across Santander’s entire UK estate of 800 branches and 14 office buildings. The project will generate energy savings of more than 50% and cut greenhouse gas emissions by more than 7,000 tonnes annually.

The Bangkok Post followed with an update of findings from The Office of the Ombudsman pointing that the Thailand capital’s city hall extravagant lighting show was financed using budget allocated for next year.

Yankon Lighting announced on December 29 that the company received subsidies from China’s Ministry of Industry and Information Technology (MIIT) for “Industrial upgrade to smart manufacturing and IoT+ mobile support security project—Secured chip improvement and application.”

HC Semitek announced on Dec. 28, 2015 that the board of directors discussed with local government about large investment valuing RMB $5 billion (US $770 million) in the next three to five years.

A recent report from Navigant Research examines the global market for commercial building lighting controls, including forecasts for unit shipments and revenue, segmented by equipment type, building type, construction type, technology, and region, through 2024.