Su Zhian, executive director of the company, revealed in an exclusive interview that Wavesquare, a company that has recently planned to increase its shareholding in LED chip development, has completed the research and development of 3 watt LED chips, which is at least lower than the cost of leading LED products such as CREE. It is 20% lower and plans to enter the mainland lighting market in the future.
He said that at present, Wavesquare can produce 2 million 3 watt LED chips per month. He hopes to increase production capacity to 10-15 million pieces per month next year, and expects the Chinese market to account for one-third of sales in the future.
Su Zhian said that after completing the recent fund raising, he hopes to increase the holding of Wavesquare to the level of the shareholding of the company's founder team, but believes that the company's shareholding will not rise from the current 21.32% to over 30%. He said that after the recent fund-raising, the company has more than 100 million yuan in cash, and there is no plan to re-issue shares, but the company will continue to look for suitable projects to improve returns. (Editor: Green Light Xiang)
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