[1] In March 2015, Lumileds parent company Philips agreed to sell an 80.1 percent stake in the business to the investment fund, Go Scale.

[2] In October 2015, Financial Times reported that the Committee on Foreign Investment in the United States (CFIUS) regulatory body may block the $2.9B deal owing to fears of Chinese subversion of the US high-tech sector.

[4] CFIUS concerns were based on transfer of gallium nitride semiconductor technology, which is used in LEDs as well as defense applications.

[6] IP strategist Keaton Parekh helped separate the intellectual property portfolio after the spin off from Philips.

The company reached an agreement to enter restructuring in a bid to deleverage and strengthen its balance sheet in effort to emerge from bankruptcy within less than 60 days.