Signify lights to glow as digital boom, education sector spark bright hopes

R&D to give Dutch giant edge in nation's energy-saving lighting products market

Signify NV, formerly Philips Lighting, the Netherlands-based lighting specialist, will increase its investments in China, which will mainly go toward acquisitions, research and development.

The move is aimed at exploiting China's digital technology boom and rising demand from the education sector, said Lim Sau Hong, Signify's global vice-president.