Cree expects LED lighting production costs to drop fast, coming close to the levels of fluorescent lamps by 2012. XLamp MC-E has been widely adopted by clients for commercial lighting, flash lights, street lamps and others.Cree showcased its XLamp MC-E LED lighting solution at a demonstration it jointly arranged in Taipei with IC distributor WP Industrial (WPI), a subsidiary of WPG Holdings. WPI displayed driver ICs and related solutions for LED lighting. Cree mentioned, the XLamp MC-E LED is a lighting-class multi-chip LED that provides four times the flux as XLamp XR-E in the same footprint, without compromising thermal performance. XLamp MC-E reduces LED system cost by reducing system complexity and the number of components required.