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Cree announces major LED restructuring plan

2015-06-25 02:19:58| Semiconductors - Topix.net

Durham LED maker Cree announced Wednesday that it is restructuring its LED products business - the unit that creates LEDs for everything from televisions to mobile phones. Via a company statement, Cree blames LED market trends that have resulted in "higher LED average selling price erosion" than what had been predicted, as well as "the continued under-utilization of Cree's LED factory."

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Category:Electronics and Electrical

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