Local News

Cree Licenses White LED Technology To Taiwan Firm

Posted October 2, 2006

— In a move to crack the laptop display market,

Cree

is licensing its white light emitting diode technology to Lite-On Technology, which is based in Taiwan.

Lite-On plans to use white LED-based products for backlighting in laptop computer screens.

Financial terms of the deal were not disclosed.

Lite-On, a Cree customer, will now be able to manufacture and sell "light bars" incorporating the Cree technology.

"We knew we needed a strong LED technology with a broad intellectual property portfolio for our new backlighting products," said Rex Wu, Lite-On associate vice president. "Lite-On turned to Cree to provide a significant competitive advantage for products sold into the laptop backlighting marketplace."

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