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.
- 2015 Environmental Leader Product & Project Awards
- Enterprise Internet Of Things: What Is It, and How Will It Improve Energy Management?
- 10 Tactics of Successful Energy Managers
- Improve Your Company's Environment and Energy Performance
- 2015 Insider Knowledge
- Addressing Regulatory Trends with UVC LED-based Sensors
- Practical Insights into the Implementation of GHS Around the Globe
- There’s Money in the Trash
- Just the Facts: 8 Popular Misconceptions about LEDs & Controls
- Mobility from the Plant Floor to the Store Door: Improve Safety, Accuracy and Productivity