Jinsha River $30 million capital injection project

When the financial crisis spread rapidly around the world, a lot of investment fund dormant, some investment institutions chose contrarian flying. Jinsha River venture capital combined with northern light venture capital today announced that $30 million injection of Beijing, too, when the core light technology companies, while the Beijing University of Technology to select the transfer of technology to sell some of the shares.

Jinsha River venture capital director general manager Wu Nobutoshi said in an interview that the financial crisis did not affect the pace of investment, we on the contrary, we are still in the investment opportunities exist in emerging areas of sustained attention to semiconductor devices, new materials, new energy, such as the Internet and wireless communication.

It is reported that Beijing is too light when the core technology company is funded by the Beijing Jinsha River venture capital, based on the Beijing University of Technology optoelectronic technology laboratory technology, through the "science and technology innovation enterprise cooperation" jointly established. The company located LED upstream core product development, with about 3 years plan, advance the construction of R & D center, including LED epitaxial wafer production line, LED chip manufacturing LED upstream production base, and as a core, extended to the industrial chain in the middle and lower reaches of the LED package and the application of LED industry, and ultimately build industrial park LED an investment of $300 million covering the middle and lower reaches of a complete industrial chain.

This time to get $30 million investment will help the completion of the above plan. "Too light when the core company chairman Shen Guangdi said that the success of the project, will fill the gaps, thus changing the Chinese LED industry out of control in the LED industry chain upstream international situation, the China LED industry and developed countries such as the US and Japan LED industry to compete.

For Jinsha River venture capital, this is not the first time they set foot in the LED industry chain.

June 2006, Jinsha River has been jointly invested by the wing Wei and MayfiELd fund $10 million investment in Jiangxi crystal optoelectronics. The latter is a focus in the research and production of silicon substrate GaN based high brightness light-emitting diode (HB-LED) front-end technology company, just upstream of the LED enterprise.

The leading investment in the project can also be crystal photoelectric Jinsha River director general manager Wu Shenjun is responsible for, and after the investment as the chairman of crystal energy photoelectric holdings.

At present, the LED industry is booming, LED with energy-saving and environmental protection, long life, small volume, fast response advantages, widely used in landscape lighting, lights, display, traffic lights and other fields, especially in Beijing during the 2008 Olympic Games, LED lighting display skills to the full. 2010 China's LED industry is expected to total output value will be more than one hundred billion yuan.

However, although China is engaged in LED enterprises has reached more than 2 thousand, but the product and more than and 700 supporting enterprises, 600 enterprises engaged in packaging industry chain, the upstream epitaxial wafers, the chip manufacturing enterprises, R & D and production units is only more than and 40. With the help of capital, relying on the core of the time to rely on the north of the technical research and development advantages of large optical electronic technology laboratory, is expected to reverse this disadvantage.

Source: People's network