I've heard hyperbolic GaN propaganda since I first went to work at UCSB in 2000. It serves to protect those involved in the unaccountable criminal UCSB racket that facilitates the corrupt exchange of corporate welfare for tokens of patronage.
Seoul Opto is playing the same game as Cree Lighting that exchanged the pittance of a token endowment for a much greater dollar value in corporate welfare funneled to them through UCSB.
Even after having incubated and nurtured Cree's success, UCSB, Lois Capps and other dim politcos let North Carolina reap the harvest after California sowed and cultivated the crop when Cree built its $300 million R&D facility in NC instead of Goleta.
Closing criminal UCSB would be a good action that actually stimulated the economy.