Toshiba announced today that it is buying the chip-production assets of Bridgelux Inc., of the US

Toshiba Corporation announced today that it is buying the chip-production assets of Bridgelux Inc., of the US

Toshiba Corporation announced today that it is buying the chip-production assets of Bridgelux Inc., of Livermore, California in the US.

Toshiba and Bridgelux jointly developed a white LED chip using “GaN-on-Silicon” technology, which was released in December 2012.

The acquisition will bring skilled employees from Bridgelux who will remain with the California facility, as well as technology, R&D and development assets.

It will allow Toshiba to have better competitiveness in LED businesses, LCD panels, etc.

The terms of the deal were not disclosed.