GCS Holdings (GCS) announced it dropped the deal to sell itself to San’an Opto after U.S. regulatory authority blocked the transaction, reported TechNews.

Vying the lucrative Japanese market, leading Korean LED manufacturer Lumens announced it has signed a joint venture agreement with Japanese company TN Holdings, according to a Japanese media SankeiBiz report.

Harvatek, LED packaging business from Taiwan, has announced to quit joint venture project with China-based TV brand TCL. Harvatek stated that both parties have had taken different attitudes towards some terms, and after careful consideration, Harvatek decided to transfer its 50% stake in the joint venture to TCL. Harvatek stated that it has invested around CNY15 million (US$2.44 million) in this project for two years. On June 24, 2011, Harvatek signed a joint venture agreement with TCL through its subsidiary, Honor Light Limited, to establish an LED packa...