[High-tech LED News] On June 8, "Jinshajiang Investment Fund Investment SunSun Lighting Ceremony" was held in Guangzhou. SunSun Lighting officially announced that it has received a $10 million investment in the first round of Jinshajiang Venture Capital.
According to Gaogong LED reporter, SunSun Lighting has invested a total of 200 million US dollars in Changzhou to build a semiconductor lighting industrial park, covering an area of ​​599 acres. After the official production, the LED bulb production capacity will reach 30 million. SunSun Lighting has already reached an ODM partnership with international lighting companies such as GE, and has established sales channels in many supermarkets and specialty stores at home and abroad.
Jinshajiang Venture Capital is a venture capital fund known as an early stage high-tech company, with a total scale of US$5 billion. Up to now, Jinshajiang has successfully invested in 8 LED companies, covering the entire LED industry chain of epitaxial chips, packaging and lighting applications.
Tu Jinsha, founder of Jinshajiang Fund, is right SunSun Lighting CEO Sun Jianning
"As a downstream company of LEDs, SunSun Lighting will introduce its lighting products with subversive cost and high luminous efficiency with its PowerXplore technology in Led Driver and system integration, enriching the entire LED lighting industry chain," Sun Sun Lighting CEO Sun Jianning told Gaogong LED reporter.
At present, the upstream investment is extremely hot, facing the risk of overcapacity of the chip in the future. Wu Shenjun, founder of the Jinsha River Fund, told the Gaogong LED reporter that “the decline in chip prices is an inevitable trend and a new driving force for the growth of demand for general lighting products. Investing in downstream application companies such as SunSun Lighting can effectively avoid risks and reduce production costs."
At the same time, the reporter also learned that SunSun Lighting will launch 7w, 800lm lighting products for the first time at the Guangzhou International Lighting Exhibition, which opened on the 9th. Regarding the reason for investing in SunSun Lighting, Wu Shenjun said in an interview with Gaogong LED reporter, "SunSun Lighting has the ability to make the world's lowest cost and most luminous bulb, which is an important point to attract our investment."
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