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."