The fourth quarter is usually the low season in the LED industry. As business growth slows down, LED producer Epistar has announced plans to restructure the company to efficiently manage resources for reducing operation cost. Meanwhile, Lextar has speeded up the process of product development for new applications. Epistar has announced the merger of four of its subsidiaries including Epistar JV Holding (BVI), UEC Investment, HUGA Holding (BVI) and Bee Rich Corporation. The goal of the merge is to productively distribute the resources of the company and r...

Philips Lighting has completed the cancellation of 2.2 million shares that it repurchased from Royal Philips in February 2018 for an aggregate amount of EUR 71 million.

Philips Lighting announced that it has repurchased 338,652 shares in the period May 7, 2018 to May 11, 2018. The shares were repurchased at an average price of EUR 26.26 per share and an aggregate amount of EUR 8.89 million.

Philips Lighting announced that it has repurchased 154,000 shares in the period May 2, 2018 to May 4, 2018. The shares were repurchased at an average price of EUR 26.54 per share and an aggregate amount of EUR 4.09 million.

Philips Lighting announced the start of a program to repurchase up to 1.5 million of its own shares. Philips Lighting will use the shares to cover obligations arising from its long-term incentive performance share plan and other employee share plans.

Philips Lighting announces that it intends to repurchase 2.2 million of its ordinary shares from Royal Philips.

Philips Lighting announced that it has completed the cancellation of 2.8 million shares that it repurchased from Royal Philips on November 28, 2017 for an aggregate amount of EUR 90 million.

Aledia, a developer and manufacturer of next-generation 3D LEDs for display applications based on its gallium-nitride-nanowires-on-silicon platform, announced the closing of its Series C financing round with Intel Capital as a new investor.

Cree yesterday announced financial results for its second quarter of fiscal 2018, ended December 24, 2017.

Taiwan-based LED epi-wafer and chip manufacturer Epileds finished moving factories at the end of 2017. The installation of its newly purchased production equipment has begun. Because most of the equipment is used, the capacity growth is limited. In 1H18, newly added capacity from these machines is predicted to be gradually used for mass production. 

"We have raised our dividend proposal for fiscal year 2017 to 111 cents per share. By doing so, we will allow our shareholders to benefit from our success following an excellent year and we can also celebrate the 111th anniversary of our brand," said Olaf Berlien, CEO of OSRAM Licht AG.

Lextar, a Taiwan-based supplier of a board range of LED products, reported its revenue in August declined to NTD 1.06 billion, down 4.6% MoM and 9.95% YoY. The consolidated revenue as of the end of August reached about NTD 8.35 billion, down 9.37% YoY.

Revolution Lighting Technologies on 22nd September provided an update to its projected third and fourth quarter results, and revised its full year guidance. As a result of recent hurricane activity in Texas and the south east impacting our multifamily lighting revenue, and the slippage of a number of our Energy Source division projects from the third quarter to the fourth quarter, our third quarter results will be negatively impacted.

Philips Lighting, a global leader in lighting, announced it has completed its previously announced share buyback program and the cancellation of 3.5 million of its own shares.