Taiwan LED makers expected to benefit from US objection to Philips selling Lumileds, says report

Philips has canceled the planned sale of an 80.1% stake in Philips Lumileds Lighting to China-based GO Scale Capital due to objections from US authorities concerned for the sake of national security. The move is expected to free Taiwan-based LED chip makers of the worries that China-based makers would obtain more than 2,000 patents from Lumileds via the sale and thereby pose a large competitive threat, according to a Chinese-language Economic Daily News report.

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via Yuichun