Philips signed a cross licensing agreement with Cree to expand LED investment

The Philips itself is made up of "Consumer Lifestyle" and "Healthcare" and "lighting" 3 division which, although the first 2 in the second quarter of 2009 to the second quarter of 2010 the proportion of total revenue reached 32% above all, slightly more than the lighting division, but the first quarter of 2010 accounted for the lighting division the proportion of the total revenue has exceeded 30%, which is better than the performance in 2009.

Philips Lumileds high-power LED to develop related products using Philips and LED elements upstream of the main supply industry, and the application of high-power LED in the lighting market than other types of LED in the development of more advantages. Philips Lumileds product features, high current drive can maintain LED high luminous efficiency, and improve the function of the LED LED hot and cold, light output increased 10% compared with the previous generation of products.

Because LED lighting for the future development of one of the main focus of the Philips green industry, for the future of LED lighting planning, Philips is expected to 2015 the revenue accounted for the lighting business will reach 50%, 2020 will further increase to 75%.

To achieve these goals, Philips will invest 1 billion euros (about $1 billion 290 million) in green product development, and signed a cross license agreement with the United States LED maker Cree, to speed up the rate of expansion in the LED lighting market.