FRANKFURT (Reuters) – Germany’s Osram is launching a new LED light bulb that costs less than 10 euros ($13.10) to battle rivals, such as Cree and Samsung Electronics, for a share of the fast-growing market.
Light-emitting diodes (LED) – known for lighting flat-screen televisions and tablet PCs – are increasingly replacing other lights in homes, stores and on streets because they use less energy and are more durable.