Business News | Jan 05, 2007

SemiLEDs closed investment round with Powerchip Semiconductor Group

Milpitas, California and Hsinchu, Taiwan– SemiLEDs Corporation and PowerChip Group jointly announced today that SemiLEDs has secured an investment by Powerchip Semiconductor Corp., Taiwan's biggest DRAM Company.

SemiLEDs is currently the sole maker of metal-base LED in the world. It specializes in high-brightness LED with breakthrough products in blue, green and NUV. It aims at serving the general lighting market, backlight, automobile, among other markets.
"We are thrilled to have PowerChip Group as an investor and partner," said Trung Doan, Chairman & CEO of SemiLEDs. "The new partnership represents a new chapter for SemiLEDs and a tremendous validation for SemiLEDs’ business and technologies."
"With this opportunity, we will be able to transition our previous investment in NUV/blue LED into a viable lighting solution in fulfilling our group's green-energy initiatives," said Daniel Chen, Chairman of Luxxon, member of the Powerchip Group. "We are pleased with the partnership venture with SemiLEDs, a company organized in the United States. They have demonstrated an unconventional LED technology, key for general illumination applications with tremendous electricity-savings."

About SemiLEDs:
SemiLEDs Corporation is currently the only producer of metal-base LED in the world. It designs, develops, manufactures and sells high brightness light emitting diodes (HBLED) based on proprietary technologies. SemiLEDs is a US corporation with operations in Hsinchu Science Park, Taiwan. For additional information, please visit www.semileds.com or contact us at sales@semileds.com, or call +1-408-329-4544 (US) or +886-96-301-9668 (Taiwan).

About Luxxon:
Luxxon Technology is an LED company, affiliated with the PSC Group, developing key components for LED lighting applications. The company possesses great assets both in IP and production capital. Luxxon has successfully licensed and collaborated with Mitsubishi for UV white LED development. Luxxon will be extending the development and connectivity with the industry, ultimately, for general illumination.

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