Business Briefs

Cree to Triple LED Production in China

Posted August 23, 2007 10:57 a.m. EDT

— Cree, Inc. (Nasdaq: CREE) on Thursday announced plans to triple white XLamp LED manufacturing capacity at its COTCO Luminant Device Ltd.subsidiary in HuiZhou, China.

Vice President of Marketing Chris James said the expansion is part of Cree’s efforts to accelerate the adoption of LED lighting in China and to build momentum for LEDs worldwide.

“China is a critical growth market for LEDs in general illumination applications and represents an unmatched opportunity due to the early-stage development of a national lighting infrastructure, explosive economic growth, the need for energy-efficient technologies and a growing concern over air and ground pollution,” James said in a statement. “The acquisition of COTCO ... was the first step and gave Cree significant local manufacturing and sales capability in China. This expansion of white LED capacity is the next step, and we continue to develop plans to extend our capabilities and drive the LED lighting market.”