Cree to supply LED chips to LG Display

South Korea's LG Display, announced that it had signed a deal with U.S.-based Cree Inc. to secure supply of LED chips for its flat screen products. LG Display reportedly signed a supply agreement in early January.

LEDs are considered an energy-efficient, environmentally friendly alternative to current CCFL (cold cathode fluorescent lamp) backlights, which are a key part of LCD panels. Under the agreement, Cree will supply LED chips to be used in backlighting of LG display's products. Additionally, Cree will give technical support to LG with LED packaging.

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