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Oct. 9
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Nationstar announced that the company has received the Notice on 2012 Financial Subsidy for Promoting Semiconductor Lighting Products issued by the National Development and Reform Committee, Ministry of Finance and Ministry of Science and Technology.
According to the Notice, the quota for Nationstar in promoting semiconductor products in 2012 totals 320,000, including 300,000 indoor lighting products (6-inch 15W LED downlights and PAR 38 12W LED spotlights) and 20,000 outdoor lighting products (5400lm/56W and 9000lm/98W LED tunnel lights). The LED lighting products with subsidies are only for sale at home without limitations in areas. The company can enjoy subsidies in line with related policies for products covered in the quota.