KACST Successfully Localizes, Develops Energy-Efficient Blue LED Technology

The successful localization of the technology enhances the Kingdom’s global competitiveness and aligns with the Saudi Vision 2030 objectives. SPA
The successful localization of the technology enhances the Kingdom’s global competitiveness and aligns with the Saudi Vision 2030 objectives. SPA
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KACST Successfully Localizes, Develops Energy-Efficient Blue LED Technology

The successful localization of the technology enhances the Kingdom’s global competitiveness and aligns with the Saudi Vision 2030 objectives. SPA
The successful localization of the technology enhances the Kingdom’s global competitiveness and aligns with the Saudi Vision 2030 objectives. SPA

King Abdulaziz City for Science and Technology (KACST) successfully localized and developed blue light-emitting diode (LED) technology, which is used in modern energy-efficient lighting applications.
The achievement reflects the National Laboratory's efforts to establish infrastructure to support research, development, and innovation. It also highlights the training and qualification of national talents in designing and manufacturing electronic chips through KACST's Saudi Semiconductor Program.
The successful localization of this technology enhances the Kingdom’s global competitiveness and aligns with the Saudi Vision 2030 objectives to achieve industrial and technological leadership. It boosts local content in non-oil sectors, contributing to economic diversification and sustainable development.
The blue LED technology offers promising solutions in modern lighting by reducing energy consumption by up to 80%, increasing efficiency to 200 lumens per watt compared to traditional bulbs' 16 lumens per watt, and extending lifespan by 20 times compared to conventional technologies.
The technology helps reduce electronic waste and lowers greenhouse-gas emissions by more than six times, making it a key pillar in supporting global efforts to combat climate change and achieve sustainable development goals (SDGs) in Saudi Arabia.



EIB to Allot 70 Bln Euros for Tech Sector in 2025-2027

FILE PHOTO: The logo of the European Investment Bank is pictured in the city of Luxembourg, Luxembourg, March 25, 2017. Reuters/Eric Vidal/File Photo
FILE PHOTO: The logo of the European Investment Bank is pictured in the city of Luxembourg, Luxembourg, March 25, 2017. Reuters/Eric Vidal/File Photo
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EIB to Allot 70 Bln Euros for Tech Sector in 2025-2027

FILE PHOTO: The logo of the European Investment Bank is pictured in the city of Luxembourg, Luxembourg, March 25, 2017. Reuters/Eric Vidal/File Photo
FILE PHOTO: The logo of the European Investment Bank is pictured in the city of Luxembourg, Luxembourg, March 25, 2017. Reuters/Eric Vidal/File Photo

The European Investment Bank is likely to announce on Friday plans to pump 70 billion euros into the development of European technology firms over the next three years, EU officials said.

The program, called Tech EU, is meant to help Europe compete with China and the United States in the race for innovative clean and digital technologies.

The EIB, the biggest multilateral lender in the world with a balance sheet total of 556 billion euros, expects its own 70 bln euros to mobilize a further 250 billion euros of private cash as investors crowd into projects supported by the EIB, Reuters quoted EU officials as saying.

The 70 billion is to be split into 20 billion euros for equity and quasi-equity, 40 billion euros for loans and 10 billion for guarantees in 2025-2027, the officials said.

The plan is to complement European Commission efforts to support higher risk ventures and innovative companies throughout their investment journey, from proof of concept to an initial public offering.

The EIB wants to focus on supercomputing, artificial intelligence, digital infrastructure, critical raw materials, green industries such as offshore wind, health, security and defense technologies, robotics and advanced materials, the officials said.