Where there is lighting, there is a chance. In front of Infineon Electronics, a very broad and yet to be developed city Changying Feite Electronics has only launched LED drivers since the first half of 2008, but it is full of ambitions. It has become the world's number one LED power supply company.
In late February 2009, Huagui Chao, chairman of Infineon Electronics (Hangzhou) Co., Ltd., went to Silicon Valley in the United States to participate in a large-scale LED conference. When the wind came back, Hua Guichao immediately convened the technical staff of the R&D department to discuss new trends and new ideas for new product development.
Explosive growth
Infineon Electronics (Hangzhou) Co., Ltd. is not the first test of Huagui Chao. Prior to this, Huagui Chao had two entrepreneurial experiences.
In May 1994, Hua Guichao began the road to entrepreneurship. He founded VPT with the famous members of the international power industry, such as Fred C. Lee, director of the Center for Power Electronics Research at Virginia Tech University, and served as vice president, dedicated to high frequency. The development of switching power supplies, products are widely used in aviation, aerospace and military.
In 1999, Huagui Chao returned to China to establish Ibo Power (Hangzhou) Co., Ltd. After nearly 10 years of development, Ibo has become a world-class research and development center for switching power supplies. It has been acquired by the US Nasdaq-listed company, Bel Fuse Ltd., and has become a wholly-owned subsidiary. In August 2007, Huagui Chao established another Infineon Electronics (Hangzhou) Co., Ltd.
Hua Guichao, who founded three companies in one breath, did he start a company and sold a company? Hua Guichao categorically denied the reporter’s doubts. He said: At that time, Ibo met the last round of financial crisis, just in time for our partners. Bel Fuse Inc. I am willing to make a good price to buy; but this time I want to make this company (Infineon) bigger, because this opportunity can not be met!
The opportunity that can be met in the eyes of Huagui Chao is the LED industry. In addition to the team's ability to do business, it depends on opportunities. He told reporters that the LED industry is facing explosive growth. If you enter a few years ago, the timing is not yet mature; if it is late, the entry threshold will rise rapidly, and it will be difficult to become an industry leader.
As early as 3 or 4 years ago, some customers found Huagui Chao, hoping to make LED drivers for them. Since then, Hua Guichao has been keeping a close eye on the development of the LED industry. At the beginning of 2008, Huagui Chao went to Guangdong for a circle, and decided that the LED industry has reached maturity, and some LED companies in Zhuhai, Dongguan and Shenzhen in Guangdong have attracted hundreds of millions or even billions of funds. If you don’t start at this time, you will lose the once-in-a-lifetime opportunity. Since the first half of 2008, Infineon's strategic focus has shifted from AC-DC power adapters to high-end LED drivers.
Hua Guichao revealed to reporters the information that has just been brought back from Silicon Valley: experts at the meeting predicted that in the next few years, the LED lighting industry will grow at a rate of several hundred percent per year, and some believe that it will be The speed of dozens of growth. Even the latter is quite tempting.
Many people know that the LED industry has good prospects, but I don't know how far it is from the outbreak of this industry. Hua Guichao told reporters: Wherever the lighting is used, there is a city of LEDs as an emerging industry. The growth rate of the LED market exceeds the imagination of many people. A week ago, the Silicon Valley local government announced plans to replace 60,000 LED street lights to replace traditional street lights. Similarly, the Los Angeles local government also announced plans to replace 140,000 LED street lights. The new US President Barack Obama is very concerned about energy conservation and environmental protection. The US LED market is rapidly emerging, and the European and American markets are our target.
Optimistic about the LED industry, not just Huagui Chao; although Infineon launched the LED driver soon, it has become the scent of venture capital. In December 2008, Infineon obtained the strategic investment of Zhejiang Huarui Investment Management Co., Ltd. and Taiwan Lianli Technology, and completed the first round of financing.
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