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On March 31, a consortium of investors led by GO Scale Capital announced they have bought LED manufacturer Philips Lumileds from its parent company Royal Philips. Under this agreement, GO Scale Capital will pay Royal Philips US$3.3 billion for an 80.1% stake in its automotive lighting and LED components business, and the remaining 19.9% stays under Royal Philips.
LEDinside, a division of TrendForce, reports that industrial lighting has a decisive weight in the entire lighting market. LEDinside has released its latest “1Q15 Silver Member Market Report - Industrial Lighting and High Bay Markets”, which shows an intense level of price competition in the market for LED replacement lighting products, including LED light bulbs and light tubes sold in retail stores.
LED lighting markets in Europe, the US, and Japan have gradually matured, and China is also entering a period of intense competitions over pricing and scale. With the formation of the ASEAN, LED vendors’ attention on the emerging markets in Southeast Asia has grown over the years.
At the long-awaited “Spring Forward” media event hosted by Apple on March 9, all eyes will be on the reveal of the Apple Watch, which will have a watch cover made of sapphire glass. By incorporating this material into its newest products, Apple has provided an unprecedented, game-changing opportunity for China’s sapphire industry. LEDinside, a division of TrendForce, anticipates sapphire market demand will multiply once these smart watches hit the market.
Chai Jing’s documentary, “Under the Dome” has stirred up Chinese society’s deep concern about smog and other pollution problems that are widespread in the country. While China annual GDP on average has grown by about 10% over the last 20 years, the amount of GDP spent on addressing environmental issues during the same period has seen less than 1% growth.
