Philips lighting company dissolution caused industry thinking

Today, Philips Lighting Manufacturing (Shenzhen) Co., Ltd. announced that the company decided to disband in advance, causing widespread concern in the LED industry.

According to the announcement, the company has experienced many difficulties such as continued economic downturn, rising costs, and deteriorating business. In recent years, despite various measures taken by the company, it has not been able to reverse the situation. In view of this, the company’s shareholders’ meeting and the board of directors have to decide in advance. Dissolved the company, the company officially ceased operations from May 31, 2016, and did not carry out any production.

In addition, the company's management also stated that it will resettle employees according to law, including paying resignation according to law.

It is understood that the predecessor of Philips Lighting Manufacturing (Shenzhen) Co., Ltd. was founded by Belgian "Massive" and Hong Kong Yuwei Group. It was founded in 1994 in Songgang, Shenzhen, China. Formerly known as Weimar Shi Lighting Co., Ltd., after years of production scale expansion, it has now reached more than 60 assembly lines, and has a modern automatic coating equipment and assembly workshop, plant area of ​​more than 60,000 square meters. In 2008, Philips acquired a 52% stake in Weimar Shi Lighting Co., Ltd. In October 2009, “Philips Lighting Manufacturing (Shenzhen) Co., Ltd.” was incorporated. In December 2010, Philips completed the acquisition of the remaining 48% of Weimar Shi Lighting Co., Ltd. At this point, Philips became a 100% equity holder of Philips Lighting Manufacturing (Shenzhen) Co., Ltd.

In fact, the recent announcement by Philips that the spin-off of its lighting business for IPO has caused a lot of trouble in the industry.

It is believed that the disbanding of the lighting company of Philips will make many LED lighting companies feel even more confused.

With the gradual globalization of the LED market, the LED market is becoming more and more fierce, and many LED lighting companies are transforming to find new profit markets.

Philips' decision to sell the lighting business is to invest in the medical device sector to help the company's revenue grow faster. It is hoped that in the next few years, the traditional consumer goods company will gradually transform into a comprehensive industrial group including traditional consumer goods, medical health services and lighting business.

In addition, Qinshang Optoelectronics also announced that it will sell LED business. For the LED display and lighting industry, especially for small-pitch screens and smart lighting products, there are still a lot of "outsiders" sharpening their heads to squeeze inside, while Qinshang Optoelectronics has to sell business, which really makes people worry.

In fact, Qinshang Optoelectronics is trying to get listed on the backdoor. Although LED display and lighting are “growth” industries, compared with the future space of education, it is really the gap between sesame and watermelon. In this way, education for LEDs is in line with the basic laws of capital pursuit of profit and room for development.

So, can transformation ultimately become the main way to save corporate profits? Not necessarily. From another perspective, the continuous withdrawal of international lighting giants is also indirectly giving domestic lighting manufacturers more market capacity and opportunities.

5G Industrial Router

5G Industrial Router features Application field
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5G industrial router application field
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With the continuous development of 5G technology, 5G industrial routers will also usher in a new development trend. First, with the popularity of iot devices, the demand for 5G industrial routers will further grow. Secondly, the introduction of virtualization and network slicing technology makes industrial routers have higher flexibility and scalability, in addition, the improvement of security will also become an important direction of the development of 5G industrial routers to cope with increasingly complex network threats and security challenges.

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