Earlier this week, IAM reported on Philips' sale of the majority of its LED lighting unit Lumileds to a Chinese-led investment consortium. The deal - which is expected to complete during the third quarter of this year, subject to conditions and regulatory approval - will create one of the most formidable players in LED lighting. The technologies concerned have a range of potential applications across diverse industries; and, as such, many of the patents protecting them will likely prove to be of significant strategic value.

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