2011-10-18

Cost-cutting Philips Sees Sharp LED Growth

LED-based products accounted for 16% of Philips’ overall lighting sales of €1.89 billion ($2.60 billion) in the third quarter of 2011, growing sharply from a year ago and providing a rare bright note as the company detailed the wide-ranging cost-cuts that it previously trailed. Having said three months ago that Philips would implement measures to deliver annual savings of €500 million, CEO Frans van Houten now says that the company will cut 4500 positions across its business, 1400 of them in The Netherlands, as part of an €800 million cost-reduction packa...
Continue reading

This year's report plays a key role in aligning with the upcoming standards of the European Union and is built on a significantly broader data foundation than in previous years. For the first time, the report includes all LEDVANCE entities... READ MORE

Nichia, the world's largest LED manufacturer and inventor of the high-brightness blue and white LEDs, is pleased to announce that Cube Direct Mountable Chip received the LightFair Innovation Awards in the LED Chips & Modules category. ... READ MORE