Cree invests in Taiwanese LED supplier

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

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