The $200 million LED at Jinsha River to do market subversion

Incandescent lamp will exit the stage of history. March 9, 2007, EU multinational agreement within two years will be gradually with energy-saving lamps to replace incandescent bulbs with high energy consumption; the British government in 2011 announced plans to abolish the traditional incandescent light bulbs. After these countries have announced plans to eliminate incandescent lamp, China also put the matter on the agenda. In July 2009, China and the United Nations development program and the global environment fund jointly launched the China phasing out incandescent lamps, accelerate the promotion of energy-saving lamps project". In many countries put out the timetable, the foreign incandescent lamp manufacturers have stopped production, to provide an opportunity for China's incandescent lamp manufacturers. Are extremely sharp risk investment funds began to fashion, they want to seize the opportunity of a new round of lighting revolution. In June 8th, a day 2011 Guangzhou international lighting exhibition before the evening, well-known venture capital company Jinsha River venture investment company $10 million hit lighting to shun (China) Co. Ltd. (SunSun Lighting). After the current round of financing, Shun Shun lighting has become one of the few access to venture capital led downstream lighting companies. Sun lighting CEO Sun Jianning said in an interview with reporters, the use of incandescent lamps is only 2 billion 400 million. From the Chinese lighting appliance association data show that in 2009 the national ordinary incandescent lighting production of 3 billion 790 million, despite the impact of financial crisis, but in 2009 China lighting industry sales is still as high as 260 billion yuan, an increase of 13.04%. This said Jinsha River fund founder Wu Nobutoshi times weekly reporter interview: "semiconductor lighting market has great potential, if the existing lighting is replaced by LED, the market scale will reach $300 billion". Some experts predict that the fastest in 2015, LED lighting market share in China will reach 20%, driven by industrial scale of up to $500 billion, China will enter the world's top three LED lighting market. Wu and his leading Jinsha River began the layout of the LED industry since 2005, has invested in 8 companies, covering the epitaxial chip package and lighting applications, all aspects of the industry. Jinsha River hit the current management of the $700 million fund, however, his confidence is not from this, but from his investment in a number of disruptive technology company. These companies will be able to sell LED to $10 A, and prices continue to decline, while asking the price may be 30 euros. Not long ago in Jiangsu, Changzhou, Jinsha River semiconductor lighting industrial park to complete the signing of the contract, a total investment of nearly $200 million LED R & D and manufacturing base in the local development zone, the R & D center will be responsible for the construction of Jinsha River venture capital. Wu hopes to build it into China's Baer laboratory, focusing on the world's best LED talent, he believes that this is the key to the next round of Jinsha River can continue to lead the race. Wu Shen handsome and Sun Jianning have said that the biggest obstacle to enter the field of general lighting LED lighting products at present is the high cost. Sun Jianning believes that the company has PowerXplore technology, can achieve the same brightness, lower cost than competitors. "We want to use Jinsha River's capital, the use of large-scale production effects, the realization of disruptive costs of products. Our goal is to reduce the price of LED to $5. "