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Business News
22 Oct 14
Cree slips again on weak guidance

Stock price slides further as the LED lighting firm's outlook disappoints Wall Street.

21 Oct 14
Philips: LEDs now account for 40% of sales

But €366 million penalty relating to pulse oximetry lawsuit forces industrial giant to record a paper loss in latest financial quarter.

16 Oct 14
Earnings up sharply as Trumpf looks global

Acquisitions in Turkey and India as EBIT jumps 61% and laser sales climb by 11% at the machine tool giant.

15 Oct 14
Jenoptik wins €4 million medical laser deal

To produce diode-based ophthalmology sources over two years for existing German customer.

15 Oct 14
ASML: two EUV customers hit wafer milestone

Lithography system vendor confirms that two chip makers have now demonstrated 500 wafers per day throughput.

10 Oct 14
Judge grants GTAT sapphire wind-down request

Bankruptcy court grants emergency motion as company says sapphire operation is burning through $1M each day.

08 Oct 14
Game-changer: the market impact of the blue LED

Nobel-winning research has created a $17.7 billion market and 250,000 jobs, says analyst.

08 Oct 14
Photonics finance shifting from VCs to corporations

Chairman of Invest in Photonics Giorgio Anania identifies promising investment opportunities as conference opens in France.

06 Oct 14
GT Advanced Technologies files for bankruptcy protection

Chapter 11 filing by Apple's sapphire partner shows GT holds $85 million in cash.

02 Oct 14
Cree slips back on revenue miss

LED maker's stock price plunges 15% as it warns sales and earnings will be lower than expected.

01 Oct 14
BMW heir boosts Heliatek finance

Stefan Quandt's investment vehicle leads €18 million raised by the organic PV specialist.

01 Oct 14
IEA: how solar could lead electricity generation

Roadmap suggests PV could be delivering 16% and solar thermal 11% of the world’s electricity 35 years from now.

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