Taiwanese automotive LED module manufacturer Laster Tech will be listed on the local bourse in mid-December 2016, reported Now News.

Taiwanese LED chip manufacturers that successfully transitioned from blue LEDs to red LEDs have set new revenue records from their budding AlInGaN LED business.

Taiwanese LED lighting manufacturers revenues reached new heights last month, with Unity Opto, Edison Opto and Ledlink heading the trend, reported UDN.

Founded in 1891, the Dutch electronics conglomerate was once coined “the King of Home Appliances” and was once the “European giant” in the TV sector. Yet, the company’s gradual business transition has resulted in its shift towards health and lighting businesses.

Targeting the US $5.6 billion indoor lighting market, Taiwan has recently set up an Organic Light-emitting Diode Lighting Commercialization Alliance (OLCA), according to a China Post report.

Taiwan’s Ministry of Economic Affairs (MOEA) new LED energy efficiency standard has been in effect since July 1, 2014. According to the ministry, Taiwan is the first Asian country to implement minimum energy efficiency standards for LED bulbs. The new standard will be applicable for both imported and domestic products.

Taiwan’s LED Lighting Industry Alliance (TLLIA) has been the first association in the country with members from traditional lighting and LED industry, according to a CNA report. Members from both industries will initiate and launch a luminaire database search engine. The alliance will also promote MIT labeled Taiwanese LED lighting modules to enter the international lighting market.

Leotek, a subsidiary of LiteOn Technology Corp., has officially announced the debut of its first color tunable LED bulb and entry into the residential lighting market on Nov. 6. The bulb comes with a special patent that allows it to be switched to warm white light within one second. Leotek has taken its past 20 year experience in making good quality foreign outdoor lighting products to the indoor lighting market, said Danny Liao, CEO of New Business Development at Leotek.