PHILPS wants to split OLED lighting business is looking for buyers

According to foreign media reports, recently, Holland lighting giant PHILPS announced plans to spin off OLED business.

PHILPS is looking for buyers for its OLED business. After the completion of the spin off, PHILPS lighting will focus on Intelligent LED systems and services.

Over the years, PHILPS has been a leader in the OLED lighting industry. Sources said that PHILPS believes that this spin off program will help the development of OLED technology.

PHILPS has repeatedly said that they expect to the end of 2016 or early 2017, OLED lighting will enter the popular market. However, at this stage, OLED business needs to invest more money to expand production capacity. Finding the right buyer is the only way. (text / China LED network Flora)

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