Light Gives Us Life But Is Actually a Terrible Business
light-emitting diodes. Traditionally Philips, Osram Licht AG and General Electric Co. were the three biggest brands in lighting. Indeed, GE was founded by Thomas Edison, the 19th century lightbulb pioneer. The growth of LEDs has opened the industry up to new competitors, particularly those with expertise in semiconductors such as North Carolina-based Cree Inc. and Samsung Electronics. That’s added to price pressure and eroded market share.