Ailing Japanese electronic company Sharp will be closing down three LED factories as part of its drastic cost-cutting plan, according to a latest Nikkei report.

After using it to develop a computer chip, flash memory device and photographic sensor, Ecole Polytechnique Federale de Lausanne (EPFL) scientists have once again tapped into the electronic potential of molybdenite (MoS2) by creating diodes that can emit light or absorb it to produce electricity.