On December 8th, Wu Shijun finally breathed a sigh of relief as an investment institution led by the International Finance Corporation (a member of the World Bank Group) increased the capital of Jingneng Optoelectronics (Jiangxi) Co., Ltd. by $55.5 million. As the chairman of the company, Wu Yanjun emphasized that "it is investment, not loans. This means that international capital supports the emerging energy-saving and environmental protection industry, and it is also recognition of the achievements of Jingneng Optoelectronics by domestic and foreign investment institutions.

The injection of funds made Wu Shenjun confident at the signing ceremony: "Jingneng Optoelectronics has disruptive technology, with technical elites and management teams from both domestic and international sources working hard to provide the lowest cost and best performance semiconductor lighting bulbs for the global market, committed to becoming a world-class high-tech company in China.

The disruptive technology mentioned by Wu Yanjun is currently the only silicon based gallium nitride based LED technology in the world. This technology is the result of independent innovation led by Professor Jiang Fengyi of Nanchang University, and has been honed for ten years. The evaluation of this technology by the National 863 Expert Group is: "Breaking the current monopoly of Japanese Riya Company on sapphire substrates and American Cree Company on silicon carbide substrate semiconductor lighting technology, forming a tripartite situation of sapphire, silicon carbide, and silicon substrate semiconductor lighting technology solutions." Silicon substrate LED technology has comprehensive advantages such as low material cost, good device heat dissipation, and simple structure, It has significant practical significance for promoting the development of the LED industry, reducing costs, and popularizing LED products.

At the time, Wu Shenjun, the founder of Jinshajiang Venture Capital Fund, realized with his unique professional sensitivity that Professor Jiang and his innovative technology would bring a "revolution" to the entire LED lighting field. In 2006, three venture capital funds, including Jinshajiang, invested up to $10 million in "big money," pushing this patented technology from the laboratory to an industrial platform to establish Jingneng Optoelectronics (Jiangxi) Co., Ltd., specializing in the research and production of silicon substrate gallium nitride based LED epitaxial materials and devices.

Since 2009, with the attention of countries around the world to low-carbon economy, the LED industry has shown vigorous development vitality. Faced with a huge market, Crystal Energy Optoelectronics has quickly formulated and implemented expansion plans. At the end of 2010, the company had a production capacity of 14 billion chips. In 2011, the company had an annual production capacity of 24 billion chips, making it one of the largest epitaxial material and chip manufacturing enterprises in China.

At present, Jingneng Optoelectronics has applied for or obtained more than 150 international and domestic invention patents. The production line has developed from the initial 3 to 13. Due to the advantages of single electrode structure and performance, the produced chips have been successfully applied to street lamps and bulb lamps, and have more than 100 customers nationwide.

Regarding the development prospects of Jingneng Optoelectronics, Wu Yanjun stated that he wants to "become a world-class semiconductor lighting company". He said, "If all LED products truly enter millions of households, they must control costs. This depends on leading technology. Jingneng Optoelectronics has the most potential to become a leader in the semiconductor lighting field! After the funds are received, 25 production lines will be built in 2011, with the production scale reaching the top three in the country. In five years, the company is expected to achieve an annual output value of $1 billion

(Science and Technology Daily)