TSMC LED career started Bridgelux 50 million financing

On January 15th, TSMC's venture capital investment in the United States VTAF LED epitaxial plant in BridgeLux, 14 announced the success to raise $50 million of additional Series D financing, and to actively expand production. At the same time, by William D. Watkins served as CEO cum director, former CEO Mark Swoboda president.

According to Taiwan media reports, TSMC's venture capital VTAF in April 2008 to invest in BridgeLux, and made a director of the company, at the time, was seen as TSMC LED LED, Taiwan, China shocked the industry. TSMC subsequently confirmed the investment, but said it was VTAF's professional decision.

However, TSMC went to (2009) announced the march into the new cause of solar energy and LED, LED and through the investment of $46 million. When BridgeLux announced the successful Series D to raise $50 million of additional financing, curious TSMC is one of the new investors.

Bridgelux said that this new round of fund-raising is led by Vantage Point Venture Partners, DCM and existing investors are also involved in the plan. The raising of the subscription also includes new investors, Bridgelux plans to use the raised capital to actively develop the manufacturing technology, equipment manufacturing and global expansion, and promote scientific and technological research and development activities to meet the rapidly increasing market demand.

Bridgelux also announced the appointment of William D. CEO and Watkins director, effective immediately. From June 2007, as Bridgelux CEO Mark will be transferred to the post of president, LED product development, research and development, business and marketing Swoboda.