TSMC venture capital subsidiary invested LED chip manufacturer BridgeLux

VentureTech Alliance LLC, a manager, 18, said the company in April 8th to the United States led (LED) chip manufacturer BridgELux Inc. investment. VentureTech is a Venture Capital Firm, with a majority stake held by Taiwan integrated circuit manufacturing Limited by Share Ltd (Taiwan Semiconductor Manufacturing Ltd., 2330.TW, referred to as TSMC), which is owned by the. VentureTech on behalf of Ceng Junkai (Kai Tsang), said the company and some of the existing investors BridgeLux BridgeLux for a total investment of $30 million. Ceng Junkai declined to disclose the size of the company's investment and the size of the shares acquired BridgeLux, but said VentureTech won a seat on the board of BridgeLux. A spokesman for TSMC declined to comment on a report by the economic daily on Friday about the company's plans to enter the LED chip production area through this investment.

Source: Wall Street Journal