Cree Invests $83M in Lextar
Cree is making an $83 million investment in Taiwan-based Lextar Electronics, and the companies will enter into a supply agreement for sapphire-based LED chips. Upon closing of the investment, Cree will own about 13 percent of Lextar.
The companies say Lextar has established a strong technology position and customer base in the mid-power backlighting LED segment, while Cree has taken market share in the high-power LED component and lighting segment.
The agreement has been approved by the boards of directors of both companies and is targeted to close in Cree’s second quarter of fiscal year 2015, subject to the approval of Lextar’s shareholders and the Taiwan Investment Committee, and other customary closing conditions.
Why bring buildings online? What information can operations teams glean from real-time data that they can’t just get from the monthly data provided by utility companies? Click to learn more.
- Existing Building Technologies Combine for Increased Savings
- The Future of Operational Risk Management: The Oil & Gas and Chemicals Approach
- 2014 Environmental Leader Product and Project Awards
- 2013-2014 Winter Polar Vortex
- Improve Your Company's Environment and Energy Performance
- Energy Financing Report
- Unlocking the Value of Energy & Operational Data
- Let's Do The Math for DR
- Combined Heat and Power
- Smart Companies Utilize Integrated Energy Solutions
- Cut Costs and Improve Facility Operations with Energy Data
- Energy Procurement Strategies for Winter 2014 and 2015
- Energy Efficiency Requires Engineering Efficiency
- Integrated Building Optimization: A Crucial Convergence of Demand-side and Supply-Side Energy Management Strategies
- Driving Productivity and Profit with Industrial Energy Management