Before celebrating the New Year, Chinese-language newspaper UDN in Taiwan has a tradition of conducting an annual poll, requesting readers to pick out a word that best represents the year. For 2016, the Taiwanese people chose the Chinese character Ku (苦), which can be translated as a bitter taste, hardships or even a painful experience. Asked how 2016 went, most in the LED industry would probably agree it was another hard year that left a particularly bitter aftertaste.

German MOCVD manufacturer Aixtron and Chinese investor Grand Chip Investment are determined to complete the acquisition business transaction despite objections raised by the Committee on Foreign Investment in the United States (CFIUS).

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.

Philips decision to sell Lumileds to Chinese financial group Go Scale Capital has taken a sharp turn. The business deal was abruptly halted by the Committee on Foreign Investment in the United States (CFIUS), due to unknown concerns. Philips and Go Scale Capital has been forced to call off the deal, which has sent shockwaves throughout the market and caused new changes in manufacturers’ competition race.

Philips transfer of its LED component and automotive lighting business Lumileds to Go Scale Capital was abruptly halted by the Committee on Foreign Investment in the United States (CFIUS) over national security concerns, reported The Economic Times on Monday.