News: LEDs
4 August 2025
San’an Optoelectronics and Inari to acquire Lumileds
LED chip maker San’an Optoelectronics of Xiamen City, Fujian Province, China and Malaysia-based outsourced semiconductor assembly & test (OSAT) service provider Inari Amertron Berhad have entered into a definitive agreement to acquire Netherlands-based LED product and lighting maker Lumileds Holding B.V. and its European and Asian subsidiaries (Lumileds International).
With about 3300 staff in over 15 countries in Europe, China, Malaysia and Singapore, Lumileds provides LED solutions for automotive lighting (headlights and taillights), displays, illumination, smartphone (flash LEDs), and other premium/niche lighting applications. Revenue in 2024 was about $600m.
“This transaction is the next step of our ongoing transformation,” says Lumileds International’s CEO Steve Barlow. “As the LED industry evolves and continues to mature, I am confident that Lumileds International will continue to be successful and accelerate its growth under the new ownership.”
The transaction is expected to close by first-quarter 2026, subject to customary closing conditions including shareholder approval and regulatory reviews in various jurisdictions.
The transaction is valued at US$239m in cash, notes the LED industry demand and supply database of market research firm TrendForce. San’an would indirectly own 74.5% of Lumileds, helping it to gain entry into the international cross-licensing patent alliance led by Nichia, ams OSRAM, Cree LED, Lumileds, and Toyoda Gosei, it adds.
TrendForce notes that Lumileds ranks among the world’s top seven LED packaging companies. It ranks third in automotive lighting LED revenue, behind only ams OSRAM and Nichia. In smartphone flash LEDs, it is part of Apple’s supply chain, ranking just below Nichia. For premium and niche lighting, it is seventh globally.
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