Page 190 - How China Is Winning the Tech Race

comes from the Ministry of Science and Technology and the Ministry for
Information Industries as well as the Chinese Academy of Sciences.

8. Additionally, China’s per capita energy consumption is still only one-
eighth that of the United States, according to the U.S. Department of State.
9. Almost all of China’s oil is imported, and its power is generated pri-
marily by domestically produced coal, which has contributed to severe air
pollution in many cities. Progress is being made in meeting the country’s
ambitious plans to quadruple its total GDP by 2015 but only double its
energy consumption. The source is LEDs magazine.
10. Such efforts compare to the recently passed energy bill in the United
States that allocated up to $50 million annually through the Next Generation
Lighting Initiative. The U.S. Department of Energy also has funded solid-state
lighting research.
11. The source for these statistics is iSuppli Corp.
12. The source for these statistics is iSuppli Corp.

13. The source is the Web site for solid-state lighting supported by the U.S.
Department of Energy.

14. GSR spearheaded a $10 million coinvestment in April 2006 with
Asian-U.S. stalwarts Mayfield Fund of Menlo Park and AsiaVest Partners of
Taiwan, followed in June 2007 by $35 million with the Singapore gov-
ernment’s high-powered investment group Temasek Holdings as an additional
investor.

15. Liu took ASMC public on the Hong Kong Stock Exchange in April
2006.

16. Wu was a cofounder of Asia Wireless Technology Group and an
executive for the telecom equipment manufacturer Nortel Networks.
17. Filing patents abroad is essential if Chinese companies are to compete
in international markets.
18. Board seats for LatticePower went to GSR’s Wu and Pan, along with
John Stockton of Mayfield Fund and Peter Hsieh of AsiaVest Partners.
19. She also continues to advise a U.S. venture fund of funds.

20. LatticePower also is working on green LED chips but not yet red LEDs,
which are the hardest to make with GaN technology.

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