Royal Philips agreed to sell a majority stake in its lighting components unit to Apollo Global Management in a cut-price deal valued at $2 billion after a US national security panel blocked a more lucrative transaction with a Chinese buyer almost a year ago.
Philips has announced that its $3.3bn sale of Lumileds could be blocked by US authorities.
The Netherlands-based firm is already in discussions with several potential buyers.
Philips, the world's biggest lighting maker, has reported a 38% jump in first quarter LED sales from a year earlier.
Increased spending in NAND and flash by Micron, LEDs by Philips and Osram, and continued investments by Globalfoundries will create new opportunities for equipment and materials suppliers in Southeast Asia.
Cree Lighting and Philips Lighting both announced 60W-equivalent LED lamps at less than US$15, but the companies took decidedly different design approaches to the SSL retrofits.
Philips today introduced a software development kit for a brand of its LED light bulbs. The APIs let programmers write custom iOS applications for Hue, bulbs that connect to a home network and can be controlled from a smart phone or iPad.
MIT Technology Review
A four-year contract to install LED lighting across the transport network in Paris will see work begin in April this year.
Niels Van Duinen, global marketing director at Philips Lighting led off the Street & Area Lighting Conference on September 10 with a forward look at LED lighting and how smart-city projects will ultimately connect lighting on Internet Protocol (IP) networks.
Philips Electronics has said it will shed another 2,200 jobs as it looks to cut additional costs from the business.
The Guardian Nigeria
Philips Lumileds announced the Luxeon Z series of LEDs with models across the color space from 670-440 nm, and in phosphor-converted 4000K white.
Philips Electronics is optimistic about LED lighting sales as the technology gains popularity worldwide.
The Daily Star
Seoul Semiconductor Co., Ltd., the Korea-based LED manufacturer, has announced that is has settled its LED patent dispute with Royal Philips Electronics.
Philips Electronics said it was considering its options should the sale of its TV business collapse as it reported plummeting third-quarter profits and little hope of a material improvement in the near term.
When you are in the lighting business and a disruptive new technology such as light-emitting diodes (LEDs) comes along, it pays to be inventive.
Philips Roadway Lighting announced the new RoadView luminaire series designed for use in place of up to 400W HID sources.
South Korea's LG Electronics said it has tied up with Dutch giant Philips and Japan's Sharp to ramp up production of applications for Internet-powered televisions.
Retailers expect a sharp rise in the cost of the traditional 60W light bulb as European-wide legislation preventing their production or import takes effect on September 1.
Osram AG (Munich, Germany), the lighting subsidiary of Siemens AG, is celebrating the opening of a pilot-line manufacturing plant for organic light-emitting diodes (OLEDs).
New SSL street-light projects in Boston, MA and Weston, FL utilize Philips Hadco and Roadway luminaires, and Philips SpeedStar luminaires serve in a UK pilot.
Prices of LED lamps and luminaires have almost halved in the past 6-9 months, thanks to a fall in global prices of their chips and local production by Philips.
The Economic Times
Wall Street Journal