2017-11-18

GE Continues Restructuring and Plans to Axe Lighting Business

Earlier in this week, General Electric dropped a bombshell while announcing its financial results and business outlooks for the next two years. The company cut its dividend in half and planned to strategically downsize its business by narrowing its focus on three key sectors.
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2017-11-15

EVERLIGHT to Sell Shares of Epistar

EVERLIGHT made an announcement to sell a part of Epistar stocks after a board meeting.
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2017-11-13

Universal Display Stock Surges, Riding Growth in OLED Industry

OLED technology and materials supplier Universal Display on November 2nd registered 3Q17 financial results with burgeoning growth in every aspect, due primarily to the incremental demand for OLED in consumer electronics and lighting applications.
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2017-11-09

Macroblock Lets Go of Low-end Market to Secure Gross Margin

Macroblock fought a several price war against its rivals in China in 2017, so its product gross margin significantly dropped. The firm's gross margin in 2Q17 fell to 22.68%, far below 32.81%, the average gross margin in 2016.
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2017-11-08

Veeco Sees Robust Demand in China

Veeco 3Q17 revenue (ended September 30)  stood at USD 131.9 million with growth of 54.2% YoY or 14.6% QoQ, compared with USD 85.5 million in the same period in 2016 and USD 115.1 million in 2Q17. 
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2017-11-07

Strong Fiscal Year Lays the Foundation for Further Growth at Osram

In the last fiscal year, Osram benefited from persistently strong demand for its high-tech products, and particularly its opto-semiconductors. On a comparable basis, revenue rose by just over 8 percent year on year to reach more than four billion Euro.
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2017-11-02

Lumentum Predicts Significant Growth in 3D Sensing

Apple supplier Lumentum on Wednesday reported financial results for its fiscal 1Q18 ended September 30. Revenue from its 3D sensing business made a massive ramp in the company’s overall performance.
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2017-10-31

Samsung Seeks to Continue OLED Production Growth and Reclaim Top Place in Premium TV Market

Samsung Electronics today announced financial results for the third quarter ended September 30, 2017. In the fourth quarter, Samsung will focus on profitability, by increasing the dominance in the premium QLED and ultra-large TV lineups, as well as reinforcing B2B growth including digital signage and Cinema LED businesses.
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2017-10-31

LG Display's OLED Panel Shipment Will Increase in 4Q17, CFO Says

LG Display reported on October 25 unaudited earnings results based on consolidated K-IFRS (International Financial Reporting Standards) for the three-month period ending September 30, 2017.
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2017-10-31

LiteOn Optoelectronics Segment Revenue Down 12% QoQ, Yet Market Share on the Rise

LiteOn yesterday reported its 3Q17 financial results, with a consolidated revenue of NTD 56 billion (USD 1.856 billion) following a 6% quarterly increase contributed by increased sales of power system solutions for cloud-computing data centers, AI smart home devices, IR LED, outdoor lighting, storage systems and game consoles.
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2017-10-30

Revolution Lighting Technologies Reports Third Quarter 2017 Financial Results

   Revolution Lighting Technologies announced financial results for the third quarter (Q3) ended September 30, 2017.
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2017-10-26

Seoul Semiconductor Achieves Record Quarterly Revenue and Aims for Record Earnings in Fiscal Year 2018

Seoul Semiconductor yesterday announced consolidated third-quarter revenues of KrW 305 billion. The rise in consolidated revenue was a result of strong sales of its differentiated technologies Acrich MJT, Wicop, UCD and filament LED. 
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2017-10-25

Epileds Reports Tepid 3Q17 Financial Results

Taiwan-based LED epi-wafer and chip manufacturer Epileds registered a lower revenue in 3Q17 than that in 2Q17 and the revenue fell from a year ago because of seasonality and factory relocation. Epileds is predicted to continue moving factories and purchase infrared (IR) and ultraviolet (UV) LED machines in 4Q17. Epileds will mainly buy used machines and modify them by itself. The revenue in 4Q17 is estimated to be similar to that in 3Q17. Epileds' annual revenue is projected to stay flat, but gross margin will improve, and profit will possibly bounce back. 
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2017-10-24

EVERLIGHT 3Q17 Revenue Down 9% in Face of Chinese Threats

Taiwanese LED package manufacturer EVERLIGHT reported a 9% QoQ slide in its 3Q17 revenue due to lukewarm sales of general lighting, backlights, and consumer electronics applications. Facing threats from Chinese rivals in those markets, the company would also experience decreased gross margin. Performance in Q4 is projected similar to that in Q3. Both its 2017 revenue and profit might decline. EVERLIGHT’s finance has experienced a continuous fall since 2015.
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2017-10-23

Capstone Companies, Inc. Announces Record Preliminary Third Quarter 2017 Revenue

Capstone Companies, Inc., a designer of innovative LED lighting solutions including power failure lighting, announced preliminary third quarterrevenue as of September 30, 2017 of approximately $13 million, an increase of 11% over the prior year period. Preliminary year-to-date revenue is expected to exceed $30 million, an increase of approximately $7.3 million or 32.2% as compared to the same period 2016.
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2017-10-23

San’an Opto Receives RMB 124 Mil. Subsidy for MOCVD Purchase

China’s largest LED chip maker San’an Opto lately announced it has received a RMB 124 million subsidy from the Xiamen Torch Hi-Tech Industrial Development Zone Administration Committee for its purchase of MOCVD systems.
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2017-10-21

Philips Lighting’s Third Quarter Results 2017

Philips Lighting on October 19 announced the company’s third quarter results 2017. “In line with our objectives, Philips Lighting returned to comparable sales growth in the quarter. For the first time in our transformation, the growth of LED and connected lighting systems & services more than offset the decline of our conventional business,” said CEO Eric Rondolat.
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2017-10-19

New Cree Guidance Speculated to Exit Consumer Lighting and Emphasize RF Solutions

Cree on October 17 released a webcast reporting its 1Q18 financial results. The next-day financial report showed a decrease of 3% YoY in the LED chip maker’s revenue. Gregg Lowe, Cree CEO, stated with faith that the company will implement new strategies in the next few months. Cree is speculated to invest heavily in its chip business and to exit the consumer lighting market. Its stock jumped 16% on Wednesday after the new CEO announced the new guidance. 
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2017-10-19

Blue and AlInGaP LEDs Raise Epistar Q3 Revenue

Taiwan-based LED manufacturer Epistar's revenue in September rose to NTD 2.476 billion, setting a new record high since April 2015. Its revenue in the third quarter of 2017 also set a new record for the past 12 quarters, reaching NTD 7.057 billion.
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2017-10-18

Cree Reports Financial Results for the First Quarter of Fiscal Year 2018

Cree yesterday announced financial results for its first quarter of fiscal 2018, ended September 24, 2017. Revenue for the first quarter of fiscal 2018 was $360 million, which represents a 3% decrease compared to revenue of $371 million for the first quarter of fiscal 2017 and a slight increase compared to the fourth quarter of fiscal 2017. 
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2017-10-06

Siemens Severs Connections with Osram after $1.4 Billion Stake Sale

German engineering conglomerate Siemens said on Wednesday it sold its share of more than 17% in Osram, the noted lighting giant that was originally a part of it, in an accelerated bookbuild run by Citigroup and Deutsche Bank.
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2017-09-26

Revolution Lighting Technologies Provides Third and Fourth Quarter Updates and Revises Full Year Guidance

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.
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2017-09-13

[Financial Updates] Taiwanese LED manufacturers Lite-On, Unity Reported Growing Lighting Revenue

Global consolidated revenue of LiteOn and its subsidiary in August 2017 was NTD 18.62 billion, up 6% MoM and down 12% YoY. Because of the stable demand in the end market benefiting LiteOn’s core business, its consolidated revenue from January 2017 to August 2017 hit NTD 140.54 billion, down 2.4% YoY.
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2017-09-11

Micro LED, VCSEL to Lift Epistar Growth from 2018

Taiwan-based LED chip giant Epistar’s revenue in August stood at NTD 2.332 billion (USD 77.59 million), with a rise of 3.7% MoM (5.3% YoY). It has hit a new high in the past 28 months. The company explained the fully-utilized capacity for blue LED manufacturing and the AlInGaP demand driver from the horticultural lighting market accounted for the growth, despite an overall slide of 0.3% YoY in the consolidated revenue of 2017 (accumulated until the end of August).
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2017-09-08

LeddarTech Leads the Charge in Solid-State LiDAR for Autonomous Driving with USD $101 Million Series C Financing

LeddarTech announced the completion of a combined investment of US$101 million (close to CA$130 million) led by Osram and including Delphi, Magneti Marelli and Integrated Device Technology, Inc. as strategic investors, as well as Fonds de solidarité FTQ. Representing the Company's largest capital raise to date, this round of funding will allow LeddarTech to enhance its ASIC development efforts, expand its R&D team, and accelerate ongoing LiDAR development programs with select Tier-1 automotive customers for rapid market deployment.
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2017-09-05

Epistar Anticipates A Promising 3Q17

Top Taiwanese LED manufacturer Epistar’s revenue made a turnaround in 2Q17. After the improvement of its product assortment, the capacity of EPISTAR’s blue light LED in Q3 is full. The utilization rate of four-element LED stays above 80%. With the support of AlInGaP LED’s demand in markets such as automotive lighting and security control, the capacity of Epistar will be almost fully-utilized until Q4. The price of its blue LED is likely to remain stable. Epistar doesn’t appear to be involved in the price war in China considering Chinese manufacturers tend to expand capacity to manufacture their own blue LEDs. 
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2017-08-23

Cree Reports Financial Results for the Fourth Quarter and Fiscal Year 2017

Cree, Inc. yesterday announced revenue of $359 million for its fourth quarter of fiscal 2017, ended June 25, 2017. This represents an 8% decrease compared to revenue of $388 million reported for the fourth quarter of fiscal 2016, and a 5% increase compared to the third quarter of fiscal 2017. GAAP net loss for the fourth quarter was $6 million, or $0.06 per diluted share, compared to GAAP net loss of $11 million, or $0.11 per diluted share, for the fourth quarter of fiscal 2016. On a non-GAAP basis, net income for the fourth quarter of fiscal 2017 was $4 million, or $0.04 per diluted share, compared to non-GAAP net income for the fourth quarter of fiscal 2016 of $19 million, or $0.19 per diluted share.
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2017-08-17

EVERLIGHT Will Witness Growth in 2H17 but Profit of the Year Might Still Fall

LED package giant EVERLIGHT reported a solid 2Q17 revenue and profit better than that in 1Q17, yet worse than that in the prior year period. The product mix adjustment and price wars are said to account for the annual decline in EVERLIGHT’s finance. Besides, its new capacity is yet to contribute.
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2017-08-10

Veeco Reports Continued Revenue Growth Despite Tumbling Shares

Process equipment provider Veeco reported on 3rd August its financial results in 2Q17. The company ended the second quarter with a solid revenue of USD 115.1 million, up 52.9% YoY. Yet, shares of the company slumped by 20% at 1 p.m. the next day after the financial announcement, as The Motley Fool carried in its report.
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2017-08-01

Seoul Semiconductor Achieves Continuous Revenue Growth Despite of Elevating Competition with the Chinese LED Manufacturers

Seoul Semiconductor Co., Ltd., the noted Korean company in LED (light emitting diode) design and manufacturing, announced consolidated second-quarter revenues of KRW 267 billion. The rise in consolidated revenue came from strong sales in general lighting and strengths across all divisions within the company. The year over year rise in automotive lighting sales proved highly profitable for the company.
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 “As the demands on our customer’s fixtures become more challenging, we need to ensure our Color portfolio enables them to meet these demands. This increase in flux across several key colors will give our customers a significa... READ MORE

Samsung Electronics announced a new family of chip-on-board LED lighting packages, labeled the “Samsung D-series Special Color.” 

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