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Toshiba invests in LED tech developer

Posted: 16 May 2012 ?? ?Print Version ?Bookmark and Share

Keywords:LED? lighting technologies? GaN-on-silicon?

California-based LED lighting technologies developer Bridgelux Inc. has revealed that that Japan's Toshiba Corp. has made an equity investment in the firm. However, the company did not disclose the size of the investment.

Bridgelux also claimed that the two companies have achieved the industry's top class 8-inch GaN-on-silicon LED chip, emitting 614mW, 2 chip, just months after they have engaged in a joint collaborative agreement earlier this year. The two companies plan to further accelerate their development efforts for LED chips, which have seen increasing demand for LCD panels and lightening systems worldwide, Bridgelux added.

In September 2011, the Silicon Valley/San Jose Business Journal reported that an unnamed Japanese conglomerate invested $20 million in Bridgelux. The publication reported that unnamed sources had identified the Japanese firm as Toshiba. The report also indicated that Bridgelux was on the verge of laying off 20 percent of its workforce and ceasing on-site chip production.

The Business Journal report came just one month after Bridgelux announced it raised $60 million in a series E round of funding from a group of venture capital firms.

"Toshiba and Bridgelux have already been engaged in the development of the technology, and the equity investment brings both companies one step closer to a more strategic relationship and achieving our shared goal of driving down the cost of Solid State solutions for the general lighting market," said Bill Watkins, Bridgelux CEO, in a statement.

- Dylan McGrath
??EE Times

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