Nichia, one of the big names in LEDs, and Luminus Devices have signed a cross-licensing and manufacturing agreement to help bring white light LEDs to market.
It's a big-deal announcement. Nichia has manufacturing might and an extensive sales channel while Luminus has one of the more unusual LEDs out there with its PhlatLight. Rather than make small LEDs that might measure 1 millimeter a side and take up a little more than a square millimeter in area, the company makes devices like its PT120 that can sport 12 square millimeters of light emitting surface(that's 4.6 x 2.6 millimeters). A larger LED means that fewer LEDs are needed to produce a lamp, which in turns leads to higher efficiencies.
In other words, it's sort of a reverse Moore's Law.
To get the rest of the story, visit Green Light.