bridgelux sells led tech to toshiba

by:Getian     2020-08-08
Venture-
Bridgelux agreed to sell a newly developed LED technology to Toshiba and will rely on Japanese companies to help bring the technology to market.
Tim Lester, chief financial officer at Bridgelux, said the companies declined to disclose the sale price, despite the amount exceeding $10 million.
This new technology includes the use of flat circular silicon wafers as the base material for the manufacture of LED chips, making more efficient use of energy and longer duration light than incandescent lamps and fluorescent lamps.
But LED bulbs are also more expensive, in part because LED chips inside are mostly made using expensive sapphire chips.
Silicon, on the other hand, is cheaper and silicon wafers have been used to make processors that run our computers and phones.
Many LED developers have been borrowing money to make LED chips that know how to make them. California-
Bridgelux and Toshiba have been working on a gan-on-
Silicon technology since the beginning of 2012.
Toshiba showed a prototype of the joint research work late last year.
In the next step, both companies have to figure out how to bring this new technology to market.
The announcement by Bridgelux and Toshiba last night explained the next step.
Bridgelux is selling its intellectual property proposed in its joint development work with Toshiba, which already owns a factory that produces silicon
LED chip, and will become the supplier of Bridgelux.
Some of Bridgelux\'s employees will be Toshiba\'s employees, but they are still working at livergelux\'s headquarters in Livermore.
Bridgelux will, in turn, license LED technology so that it can be used as the basis for developing more of its own LED intellectual property, Lester said.
Bridgelux not only designs LED chips, but also boards that hold tiny chips and other controllers that can dim or perform other functions.
Bridgelux\'s main product line consists of different configurations of this LED package that can be easily placed in your palm (
Check out my photo slides of the bridgeerux research center tour).
Sell this initial Silicon
Leicester said that the technology-based offering to Toshibawill will provide Japanese companies with the entire intellectual property to achieve mass production and make it easier for Bridgelux to plan to use future technologies developed in silicon to describe
Toshibawill not only makes LED chips for Bridgelux, but also for other customers.
Toshiba is committed to manufacturing gan-on-
\"Silicon chips are as cheap as possible, don\'t worry about IP,\" Lester said . \".
\"We will license this technology and create a new IP on that basis.
\"Selling technology to toToshibawill will also provide Bridgelux with the funds needed to do more silicon R & D work.
Founded in 2002, Bridgelux has raised more than $0. 25 billion in private money from investors including DCM, Wanta Point Capital Partners, El Dorado Ventures and Kaistar
Bridgelux is expected to launch its first silicon LED product within 12 to 18 months.
Th company signed a contract with manufacturers in Taiwan and China to make its current sapphire-based products.
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