According to Everlight Chairman Y.F. Yeh ,the mainland poses lucrative business opportunity for LED streetlgihts, given Jiangsu Province's contracts to buy RMB6 billion (US$952 million) of LED high bay lights.
The company has signed an agreement to set up a joint venture in the province to tap the market. By the end of 2012, the joint venture plans to install 20,000 LED streetlights in the province, where the joint venture vows to shoot for a 50% market share. The two companies also plan to co-found a significant LED lighting application center in the mainland.Additionally, Everlight has introduced a 100lm-watt streetlight, which is Taiwan's first LED high bay light to measure up to the government’s CNS15233 standard and mainland China's CQC standard.
Yin is a recognized leader in the LED and semiconductor industry. He previously served as the chairman and chief executive officer for AXT Inc., where he catapulted AXT to a leadership position as a manufacturer of compound semiconductor materials, and ensured the success of its customers. Prior to AXT, Dr. Yin was the U.S. general manager for Aixtron, a leader in MOCVD technology, and led the deployment of LED MOCVD technology at a leading LED chip manufacturer. He brings to ARC Energy a wealth of experience from other previous management, technology, and product positions with companies such as ATMI and IBM, among others. Dr. Yin is based in ARC Energy's Shanghai office.
Osram Opto high bay light would be expanding its LED chip production plant in Bayan Lepas, Penang. Its managing director Dr Roland Mueller told StarBiz that the LED chip production plant in Bayan Lepas was being expanded to support the demand for LED lighting in China. According to him, "China currently accounts for 35% of the global general lighting market, which is expected to rise 45% by 2020." And in order to seize on these opportunities, the company set up new assembly facility in Wuxi, China that would start operations in 2013 to assemble LED chips manufactured in Penang.
The company has signed an agreement to set up a joint venture in the province to tap the market. By the end of 2012, the joint venture plans to install 20,000 LED streetlights in the province, where the joint venture vows to shoot for a 50% market share. The two companies also plan to co-found a significant LED lighting application center in the mainland.Additionally, Everlight has introduced a 100lm-watt streetlight, which is Taiwan's first LED high bay light to measure up to the government’s CNS15233 standard and mainland China's CQC standard.
Yin is a recognized leader in the LED and semiconductor industry. He previously served as the chairman and chief executive officer for AXT Inc., where he catapulted AXT to a leadership position as a manufacturer of compound semiconductor materials, and ensured the success of its customers. Prior to AXT, Dr. Yin was the U.S. general manager for Aixtron, a leader in MOCVD technology, and led the deployment of LED MOCVD technology at a leading LED chip manufacturer. He brings to ARC Energy a wealth of experience from other previous management, technology, and product positions with companies such as ATMI and IBM, among others. Dr. Yin is based in ARC Energy's Shanghai office.
Osram Opto high bay light would be expanding its LED chip production plant in Bayan Lepas, Penang. Its managing director Dr Roland Mueller told StarBiz that the LED chip production plant in Bayan Lepas was being expanded to support the demand for LED lighting in China. According to him, "China currently accounts for 35% of the global general lighting market, which is expected to rise 45% by 2020." And in order to seize on these opportunities, the company set up new assembly facility in Wuxi, China that would start operations in 2013 to assemble LED chips manufactured in Penang.
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