LED lighting market is really so popular? CREE is willing to give up wolfspeed?

CREE sell Wolfspeed at a price of $8.5 billion, why?

In July 14, Cree to $8.5 billion sold its departments wolfspeed to Infineon company. Wolfspeed is Cree's technical department, provides power SiC and Gan RF technology, it is the only company which can do this in the industry.

Such a profitable department from Cree announced last quarter earnings report, wolfspeed operating income reached $27.5 million more, accounting for the overall turnover of 6%, for wolfspeed such as a revenues were so impressive, can be described as bidding,  why Cree sell it?

CREE to abandon Wolfspeed, only for the LED lighting market this "fat"?

With a story called a thousand people, there will be a thousand different views. For the Cree sale wolfspeed this kind of practice, is benevolent see benevolence, the wise see wisdom.

According to CREE's statement, the sale of wolfspeed, is to focus on LED lighting, the sale of the proceeds from the wolfspeed will give CREE focused on the LED lighting market has brought a lot of manpower and financial support.

What is the  charm of LED lighting?

Although the LED lighting market competition is intense, had also experienced a substantial decline in the price, however, from the point of view of recent state led lighting market and the long-term development trend, LED lighting market still has great potential for development, not to break the industry on the LED lighting market rebound prediction. At the same time, the LED landscape lighting national policy give the development of LED landscape lighting to provide support, which made LED landscape lighting become a limitless potential for market development.

Cree sold wolfspeed, concentrated efforts and the field of LED lighting, LED lighting market development trend from the point of view, may be able to guess the field of LED landscape lighting will be the key direction of career development, early in January this year. Cree is with Zhejiang Jingri lighting signed a war strategic cooperation agreement, LED landscape lighting also within its agreement with the focus on the development of the area, visible, Cree sold wolfspee not a hasty decision, but a plan of the development strategy of enough to demonstrate great potential for the development of LED lighting market.

(editor / artbaight:Aly)