News | led news
2020-10-23Cree,Inc.(Nasdaq:CREE)announcedthattheCompanyhasenteredintoadefinitiveagreementtosellitsLEDProductsbusinessunit(“CreeLED”)toSMARTGlobalHoldings,Inc.(Nasdaq:SGH)foruptoUS$300million,includingfixedupfrontanddeferredpaymentsandcontingentconsideration.MarkAdams,PresidentandCEOofSMARTGlobalHoldingshasdiscussedtheiracquisitionofCreeLED.AdamsindicatedthathewastheformerCEOatLumiledsandduringhistimetheretheystarteddownthepathlookingatCree.Creeisa...Continuereading→[1]2020-10-22CharlesLee,CE...
2020-10-23Cree, Inc. (Nasdaq: CREE) announced that the Company has entered into a definitive agreement to sell its LED Products business unit (“Cree LED”) to SMART Global Holdings, Inc. (Nasdaq: SGH) for up to US$ 300 million, including fixed upfront and deferred payments and contingent consideration. Mark Adams, President and CEO of SMART Global Holdings has discussed their acquisition of Cree LED. Adams indicated that he was the former CEO at Lumileds and during his time there they started down the path looking at Cree. Cree is a...
Continue reading → [1] 2020-10-22Charles Lee, CEO of PlayNitride, said in a recent interview that the company has secured several strategic investors that are willing to fund the expansion of the company’s production capac...