Apple Drops Osram, Adds Philips LEDs to Top Suppliers List

Apple Inc. swapped out Osram Licht AG from a list of its biggest suppliers and added Royal Philips NV, part of a supply chain reshuffle ahead of the release of the iPhone 7. The revision to the catalog of Apple’s top 200 parts providers is a boon to Philips while it searches for a new buyer for its light-emitting-diode unit. It’s also a blow to the Munich-based Osram, which is investing one billion euros ($1.4 billion) in a plant that builds semiconductors used to make LEDs.