SMART Global Holdings to Purchase Cree LED Products Business - IDEX Health & ScienceIDEX Health & Science

    Disclaimer:

    The views, information, or opinions expressed in the Industry News RSS feed belong solely to the author and do not necessarily represent those of IDEX Health & Science and its employees.

    SMART Global Holdings to Purchase Cree LED Products Business

    Article obtained from Photonics RSS Feed.

    SMART Global Holdings Inc. entered into an agreement with Cree Inc. to purchase the Cree LED Products business. The acquisition is valued at up to $300 million.

    SMART, a developer of electronics industry solutions for the memory, computing, and storage markets, will absorb CREE LED’s portfolio of LED chips and components. The addition will support SMART’s business expansion into specialty lighting solutions, said Mark Adams, president and CEO of SMART Global Holdings.

    “This transaction uniquely positions Cree with a sharpened strategic focus to lead the industry transition from silicon to silicon carbide,” said Gregg Lowe, CEO of Cree.

    Per terms of the agreement, SMART will make an initial cash…

    READ MORE
    Oct, 21 2020 |

    IDEX Health & Science is the global authority in fluidics and optics, bringing to life advanced optofluidic technologies with our products, people, and engineering expertise. Intelligent solutions for life.