Lighting giant targeting China LED Market

Recently, PHILPS lighting from the news, following PHILPS's $950 million acquisition of Agilent Lumileds in 47% of the shares of the company, after which owns Lumileds, the world's LED giant 96.5% stake in PHILPS lighting to further increase the Chinese market investment in LED is more aspiring.

After the completion of the acquisition, there is news that PHILPS developed LED automotive lighting module to promote the adoption of solid state lighting solutions manufacturers. Another important area of LED applications - LCD backlight part, PHILPS also made a $1 billion 500 million price of LG LCD half of the shares. In this way, PHILPS's fastest growing in the two areas of LED - automotive lighting and LCD backlight part, can form a good integration. The contact will be the world's innovation and Technology Park, PHILPS research and development base in Shanghai, there are indications that PHILPS lighting in China to vigorously develop new markets such as LED is accelerating the pace of the light source market.

Expert analysis, LED is widely regarded as a representative of the future of lighting technology, in the 2008 Olympic Games and the arrival of World Expo in the year of 2010, China will be more large-scale lighting project, LED huge business opportunities. In fact, Tianjin Jintang Bridge, PHILPS LED products in the Chinese Beijing Fortune Center, Zhengzhou the Yellow River bridge has been applied.