22 November 2010

Seoul Semiconductor partners with Vertex to invest in LED technology firms

South Korean LED maker Seoul Semiconductor Corp has announced an agreement with Singapore-based venture capital firm Vertex Venture Management to jointly seek and invest in companies with advanced capabilities in LED technology development.

As a subsidiary of Vertex Venture Holdings (owned by Temasek Holdings), Vertex Venture Management is engaged in company investments and fund commitments throughout Asia and the USA. Seoul Semiconductor aims to leverage its expertise in LED technologies to seek out high-potential companies and combine them with the capabilities of Vertex in sourcing and administering investment capital to achieve synergies for effective investment and returns.

In addition, with subsequent expansion of investment opportunities, both firms may establish a dedicated fund to nurture the R&D efforts of technology companies that can drive future innovation in LEDs and related industries.

“There are various LED-related new technologies and application companies engaged in R&D that have synergies with such new technologies... We want to support these efforts,” says Brian Wilcox, Seoul Semiconductor’s VP of North American sales. “All such firms are invited to sign-up on the Investment Application section of our website,” he adds.

“LED is an eco-friendly light source with significant growth potential in the middle- to long-term, and we intend to identify and invest into many more companies with strong technology potential,” says Vertex’s chief investment officer Joo Hock Chua.

Tags: Seoul Semiconductor LEDs

Visit: www.vertexmgt.com

Visit: www.seoulsemicon.com