Nichia has announced its product lineup for 2015 will include ELEDS, its first flip chip LEDs by the end of 2015. The new chip will be much smaller than existing products on the market. The company will also be launching new UV LED, red phosphor and laser diode based products. LEDinside projects Chinese sapphire industry will pick up as Apple Watch hits the markets. The price tag for the gold Watch Edition is a bank breaking $10,000. Sharp refutes claims last week that it will be withdrawing from the solar industry, or LED residential lighting market. TrendForce PV specialist observes the company will continue solar operations, but is transiting into an integrated energy solution provider. Philips lighting component business, which comprises of Philips Lumileds and automotive lighting might be sold to private equity consortium CVC and KKR. Osram will be increasingly focused on service and maintenance business in the near future as it overhauls its traditional lighting business.