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Stage

Series D | Dead

Total Raised

$135.5M

Last Raised

$80M

About Lattice Power

Lattice Power (晶能光电) develops materials technology for manufacturing of LEDs. The company's GaN-on-Silicon LED lamps and fixtures deliver outstanding efficacy, superior brightness and excellent color rendering. As a vertically integrated company, LatticePower designs, engineers and manufacturers all the components in its fixtures, optimizing performance and reducing time to market at scale.

Headquarters Location

No. 699 North Aixihu Road National High-Tech Industrial Development Zone

Nanchang, Jiangxi, 300029,

China

0791-8158299

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Expert Collections containing Lattice Power

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Lattice Power is included in 1 Expert Collection, including Semiconductors, Chips, and Advanced Electronics.

S

Semiconductors, Chips, and Advanced Electronics

6,543 items

Companies in the semiconductors & HPC space, including integrated device manufacturers (IDMs), fabless firms, semiconductor production equipment manufacturers, electronic design automation (EDA), advanced semiconductor material companies, and more

Lattice Power Patents

Lattice Power has filed 24 patents.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

11/19/2013

12/29/2015

Semiconductor technology, Printed circuit board manufacturing, Packaging (microfabrication), Nitrides, Semiconductor device fabrication

Grant

Application Date

11/19/2013

Grant Date

12/29/2015

Title

Related Topics

Semiconductor technology, Printed circuit board manufacturing, Packaging (microfabrication), Nitrides, Semiconductor device fabrication

Status

Grant

Latest Lattice Power News

Overdue subsidy payments force Chinese solar developer to sell off prized LED business

Jun 23, 2021

Image: moerschy/Pixabay Share With an unpaid debt pile of US$328 million, some of which dates back to September 2019, Chinese solar developer Shunfeng International today stressed to shareholders the importance of selling off its profitable LED manufacturing operation. pv magazine reported in April that Shunfeng was preparing to sell off its Lattice Power operation despite a 55% rise in LED-related profits providing a rare positive in its accounts for 2020. In an update to the Hong Kong Stock Exchange today, the developer again spelled out its list of creditors to explain why its Lattice Power subsidiary should be permitted to accept an offer of RMB670 million (US$103 million) for the Lattice Power (Jiangxi) Co Ltd operation. The proposed sale, to a Nanchang Guanggu Group Ltd business 61.54% controlled by Lattice Power director Wang Min, would generate a RMB391 million (US$60.4 million) windfall for Shunfeng, thanks to its controlling stake in the seller. Shunfeng said it would use RMB341 million to pay off creditors. The solar developer, which ended its manufacturing operations in 2019, said it is suffering because the Chinese authorities have only paid solar subsidies due to its solar farms up to March 2018, meaning it is owed RMB1.77 billion (US$273 million) in electricity tariffs by the state. Popular content Listing its unpaid debts, the company said it has owed Chongqing International Trust Co Ltd RMB666 million since September 2019, although it expects to sign an agreement next month to delay settlement until the end of this year. There appears to be no resolution in sight for the HK$172 million (US$22.1 million) owed to True Bold Global Ltd since November 2019, the HK$1.15 billion (US$148 million) owed Sino Alliance since the end of 2019, nor the RMB357 million owed to investors in a 2015 convertible bond which matured in March last year. The latest Shunfeng update added: “The company has not received any demand of immediate repayment from the creditors of the company.” The developer will also have to find RMB255 million (US$39.4 million) for investors in a 2016 convertible bond which will mature on October 25, repay HK$175 million to Rainbow Fort Investments Ltd by November 30, and settle a HK$300 million (US$38.6 million) obligation with China Minsheng Banking Corp which is due by the end of the year. An extraordinary general meeting of the business will be held on July 13 to vote on the proposed sale of the LED business. This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com . Share Max Hall Max worked for pv magazine between 2012 and 2015 on a part-time basis and returned to the fold full-time in July 2018. An old-school print journalist, he has also worked in environmental consultancy, education, local government, infrastructure, aerospace, forensic science and sport. Save my name, email, and website in this browser for the next time I comment. By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment. Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so. You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled. Further information on data privacy can be found in our Data Protection Policy . Newsletter

Lattice Power Frequently Asked Questions (FAQ)

  • Where is Lattice Power's headquarters?

    Lattice Power's headquarters is located at No. 699 North Aixihu Road, Nanchang.

  • What is Lattice Power's latest funding round?

    Lattice Power's latest funding round is Series D.

  • How much did Lattice Power raise?

    Lattice Power raised a total of $135.5M.

  • Who are the investors of Lattice Power?

    Investors of Lattice Power include GSR Ventures, Crescent Point Group, Mayfield, Asia Pacific Resources Development Investment, International Finance Corporation and 3 more.

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