Genesis Photonics aims to cut costs of LED chips for lighting to below US$3 per 1,000 lumens in 2015

Genesis Photonics aims to cut costs of LED chips for lighting to below US$3 per 1,000 lumens in 2015: Genesis Photonics, a Taiwan-based maker of LED epitaxial wafers and chips, has focused on LED chips for lighting and set a goal of reducing costs to less than US$3 per 1,000 lumens, according to the company