Philips Lumileds Ships Billionth LED

Philips Lumileds today announced that it shipped its billionth Luxeon power LED in the 2nd quarter of 2010. The company said its capacity and infrastructure investments over the last several years have enabled it to deliver high volumes of products. The company has delivered over 750 million Luxeon power LEDs in the past two years to automotive, illumination and consumer electronics customers.

"This isn't just a milestone for the company but for the entire industry," said Michael Holt, CEO. "When we started, the idea that Lumileds could change the nature of lighting with power LEDs was greeted by many industry insiders with skepticism. Today, they and others have followed us as competitors into an industry that is driving energy efficient lighting applications and new ways of lighting the places where we live, work, and play."

Philips release via MarketWatch

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