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News Breaks
November 26, 2012
17:53 EDTLEDSSemiLEDs says assets relating to Xurui Guangdian materially impaired
On November 19, Chief Executive Officer and Chief Financial Officer of SemiLEDs Corporation concluded that the company’s assets relating to Xurui Guangdian, including the company’s 49% equity interest in China SemiLEDs and its accounts and notes receivable from China SemiLEDs, have been materially impaired. As a result, the company expects to reduce the value of its equity investment in China SemiLEDs from $8.7M, as of May 31, to zero, as of August 31, primarily due to such impairment charge. The company also expects to record an impairment charge on its accounts and notes receivable from China SemiLEDs in the amount of $1.4M The impairment charges will be reflected in the company’s financial statements for the year ended August 31. The impairment charges are not expected to result in future cash expenditures by the company.
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July 18, 2014
06:08 EDTLEDSNavigant: High-bay lighting market shifting to LEDs, DigiTimes reports
Navigant says LED luminaries and lamps for high-bay lighting applications is expected to reach $7B in annual revenues by 2021 from $2.6B in 2014, reports DigiTimes. Navigant says that falling prices and rising efficacy of LEDs will create a tipping point for the large-scale adoption of LEDs in this segment. Reference Link
July 16, 2014
06:11 EDTLEDSIHS: Solar expectations in Brazil rise, DigiTimes reports
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