SMART Global Holdings to acquire Cree’s LED business

Date:2020-11-03 09:09:07 Posted by:coowa View:127

SMART Global Holdings has announced that it has entered into a definitive agreement with Cree to purchase the Cree LED Products business unit for up to $300 million, including fixed upfront and deferred payments and contingent consideration.SMART is a global leader in specialty solutions serving the electronics industry for over 30 years across the memory, computing, and storage markets. Cree LED comprises a broad portfolio of highly efficient LED chips and high-performance LED components and represents one of the strongest global brands in the LED business. Leveraging SMART’s comprehensive global platform and proven operational excellence, Cree LED will be well positioned to continue to deliver industry-leading LED products and solutions.

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