Cree signed the Huizhou expansion agreement new chip production facilities to help promote the LED lighting revolution

LED lighting market leader CREE (NASDAQ: CREE) has signed an agreement to purchase 55 thousand square meters factory in Guangdong, Huizhou, china. The plant will be Cree's first chip production base outside North America, designed to expand the capacity of future components.

Cree chairman and chief executive Chuck Swoboda came to Chinese, for he said: "this investment Cree to expand business in China, Cree is committed to meet the global and local LED customer demand determination. With a strong local management team and extraordinary production history, we have laid a solid foundation in Huizhou. As we continue to promote the development of LED lighting revolution, we will continue to write a successful chapter in china. "

More than half of Cree's global teams work in China, and most of them work in the current Huizhou plant. Cree company sincerely thanks to the Huizhou municipal Party committee secretary Huang Yebin and mayor Li Ruqiu in the selection process to provide strong support and assistance.

Huang Yebin, Party Secretary of Huizhou, said: "we are very pleased with Cree's investment in this city. Solid state lighting is a strategic key green industry for china. From the government's point of view, we will fully support Cree through government projects and government policies. We believe that this investment is a win-win for both Cree and China's solid state lighting industry. "

Cree also announced that Huizhou has joined the Cree LED city project. This international project aims to promote LED energy saving lighting applications. Huizhou has completed a number of LED street lighting experiment, now Zhongkai high tech Zone LED street light installation.

Huizhou mayor Li Ruqiu said: "Huizhou is the first city to join the Cree LED city plan, we are very proud of this. Energy saving and emission reduction is also the key planning for sustainable development of our city. We will continue to promote the use of solid-state lighting products through government action. "

About Cree

Cree was founded in 1987, is the United States listed companies (1993, NASDAQ: CREE), leading to the world famous manufacturer of compound semiconductor materials, epitaxy, chip, packaging and LED lighting solutions and industry as a whole. Cree LED lighting products has the advantage of gallium nitride (GaN) and silicon carbide (SiC) and other aspects of the one and only material technology and advanced light technology, has 825 U.S. patents and 1800 international patents, making Cree LED products has always been at the leading level in the world. Cree lighting large power light emitting diode has the advantages of high light efficiency, color stability, long service life, Cree in providing high quality and high reliability of the light emitting device to customers but also to provide customers with a complete set of LED lighting solution.