Cree completed the acquisition of LED Lighting Fixtures

In March 3, 2008, Dalamoshi is located in North Carolina, CREE company through the payment of $16 million 450 thousand, while CREE sold 1852335 shares of common stock, the completion of the private holding light source manufacturer LED Lighting Fixtures (LLF) acquisition. In addition, Cree also consider three years to invest $26 million 400 thousand in LLF for important new product development and retention of key employees of the company, etc..

CREE expects the acquisition will allow it to enter the lighting market directly, thereby expanding the market opportunities for CREE. Therefore, CREE's business now includes LED chips, components and lighting systems. In addition, the acquisition will bring a more profound impact on the CREE, it will promote the development of new CREE lamp structure, in order to apply energy-saving light source, thus speeding up the process of LED lighting applications.

CREE will provide more detailed information on the acquisition in the third quarter of fiscal year April 22nd (as of March).

Source: China Semiconductor Lighting Network