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Semiconductor Today Magazine

News

6 June 2006

 

Cree’s $180m LED deal with Sumitomo

Following on from a distributorship agreement in fiscal 2006, Cree’s leading customer Sumitomo Corp of Japan has agreed to purchase $180m of LED chips and wafers during Cree’s fiscal year to end June 2007 (10% up on fiscal 2006, although 2006’s total was below the original $200m agreed). The new agreement covers products across Cree’s full range, including MegaBright, XBright, XThin and the new EZBright LEDs.

“Breakthroughs in performance are opening doors to multiple new applications, especially in the consumer electronics and general lighting areas,” said Koichiro Kusano, assistant general manager of Sumitomo’s Electronics Division. Chuck Swoboda, Cree’s chairman and CEO, added that the agreement “reflects the increasing optimism our sales team sees in Japan for increased market share in white mobile applications and new design wins in emerging markets for LED lighting”.

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