Grabbing headlines this week, Philips has spin-off its traditional lighting business. Implications of the lighting giant’s recent moves can be found in LEDinside latest press release on the issue. We will be releasing an in-depth report on the issue next week. Toshiba is also vying the India LED market having announced it will be setting up a new R&D facility. Moving into LED technology developments, several universities have announced breakthroughs in LED and OLED technology that can make lighting devices more energy efficient.