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Investors Grant LatticePower $80M for LED Production

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LED developer LatticePower Corp. recently received an $80 million cash infusion from investment groups.

The company said the funding will be used to expand its R&D and manufacturing capabilities and scout locations for facilities in the U.S.

The investors are led by Asia Pacific Resources Development Investment LLC and GSR Ventures, and include the Mayfield Fund and Crescent Hyde Park.

LatticePower develops silicon-based gallium nitride (GaN) LED technology and has filed more than 200 global patents. Developing such LEDs is difficult, the company said, because of the lattice and thermal expansion mismatches between GaN thin film and the silicon substrate. Proprietary technologies developed by LatticePower have allowed it to manufacture LEDs with efficiency of more than 150 lumens per watt, the company said. It is now developing an LED flash for smartphones and other mobile devices.

For more information, visit www.latticepower.com.
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Published: July 2014
Glossary
gallium nitride
Gallium nitride (GaN) is a compound made up of gallium (Ga) and nitrogen (N). It is a wide-bandgap semiconductor material that exhibits unique electrical and optical properties. Gallium nitride is widely used in the production of various electronic and optoelectronic devices, including light-emitting diodes (LEDs), laser diodes, power electronics, and high-frequency communication devices. Key points about gallium nitride (GaN): Chemical composition: Gallium nitride is a binary compound...
AmericasAsia-PacificBusinessConsumergallium nitrideGaNHong KonglightingsiliconLatticePowerAsia Pacific Resources Development Investment LLCGSR VenturesMayfield FundCrescent Hyde ParkLEDs

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