2017-10-19

New Cree Guidance Speculated to Exit Consumer Lighting and Emphasize RF Solutions

Cree on October 17 released a webcast reporting its 1Q18 financial results. The next-day financial report showed a decrease of 3% YoY in the LED chip maker’s revenue. Gregg Lowe, Cree CEO, stated with faith that the company will implement new strategies in the next few months. Cree is speculated to invest heavily in its chip business and to exit the consumer lighting market. Its stock jumped 16% on Wednesday after the new CEO announced the new guidance. 
Continue reading

Foreverlamp has expanded its award-winning LED Lamp Series with a new Industrial replacement lamp. The new J Series provides a powerful LED replacement for up to 400W MH lamps that operate in dusty and harsh indus... READ MORE

Cree announces the commercial availability of the XLamp® XD16 LED, the industry’s first Extreme Density LED, which delivers up to 5 ½ times higher lumen density than Cree’s previous generation of high power LEDs.

READ MORE