Illustration 60886103 / Kheng Ho To / Dreamstime
Photo 226496518 / Mohd Izzuan Ros / Dreamstime
Illustration_60886103 / Kheng Ho To / Dreamstime
Illustration 60886103 / Kheng Ho To / Dreamstime
Illustration 60886103 Kheng / Ho To / DreamsTime

Cree invests in Taiwanese LED supplier

Aug. 27, 2014
Cree will own 13% of LED component supplier Lextar Electronics Corp. after investing $83 million to purchase 83 million shares of the firm.

Cree Inc. (CREE), Durham N.C., will own 13% of LED component supplier Lextar Electronics Corp. after investing $83 million to purchase 83 million shares of the firm.Based in Taiwan, Lextar is a subsidiary of AU Optronics, the TFT-LCD and solar PV manufacturer. Lextar specializes in manufacturing high-brightness LED epitaxial, chips and packages, as well as energy-saving and smart lighting products. The range of applications includes LCD backlighting, LED light module, LED light source and luminaires. The company has nearly 3,500 employees.

Full release: Cree and Lextar Electronics Announce LED Cooperation