Samsung to invest US$21 billion in solar cells, LEDs, more

[jpak]

http://www.businessweek.com/idg/2010-05-11/samsung-to-invest-us-21-billion-in-solar-cells-leds-more.html

Samsung Electronics plans to invest a massive amount of money to develop new businesses ranging from green energy to healthcare, such as solar cells and biopharmaceuticals.

The 23.3 trillion Korean won (US$21 billion) investment is aimed at developing five new businesses that the company expects to create 45,000 new jobs and generate 50 trillion won in annual revenue for affiliate companies by 2020, Samsung said in a statement Tuesday.

"Governments around the world are now investing in green industries to address the issues of depleting energy resources and the protection of our planet???s environment, which present pressing challenges to the global community," Samsung said.

The company has earmarked 6 trillion won of the amount for solar cells, using crystalline silicon technology and thin film technology. Another 5.4 trillion won will be used for rechargeable batteries for hybrid electric vehicles and 8.6 trillion won will go to LED (Light Emitting Diode) technology for a range of power-saving applications, from computer screen backlights to car electronics and indoor/outdoor lighting.

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[ladjf]

1. Thank you jpak for your information about alternate energy projects. nt

[NYC_SKP]

2. I have three LED arrays, single chips, each produce 5,000 lumens for 48 watts (24v x 2amp)

Longer life and more output than CFLs.

Hello LEDs!