+44 (0)24 7671 8970
More publications     •     Advertise with us     •     Contact us
News Article

Sumitomo and Cree ink $180 million LED deal

Cree's leading customer looks to target new applications such as general lighting after agreeing to purchase $180 million worth of the US company's LEDs and wafers over the next twelve months.

Cree and Sumitomo have renewed their long-standing purchase deal, with the Japanese trading giant agreeing to buy $180 million worth of LEDs and wafers over the next year.

That represents a 10% drop on the figure originally agreed for the current fiscal year, which concludes at the end of this month.

However, the $200 million purchase commitment signed one year ago (see related story) between the two companies has been running below plan and Cree says that if it is fulfilled, the new $180 million deal will actually represent a 10% increase on the current year.

This means that Cree's sales to Sumitomo in fiscal year 2006 have been approximately 20% below original expectations.

The purchase agreement covers Cree's complete line of LED wafers and chips, including the new "EZBright" range of products.

Sumitomo's Koichiro Kusano is hopeful that the latest products will find their way into newer, more profitable applications:

"We are excited about promoting Cree's advanced LED products in the coming year," said the assistant general manager at Sumitomo's electronics division. "Breakthroughs in performance are opening doors to new applications, especially in the consumer electronics and general lighting areas."

Connecting the Compound Semiconductor Industry

The 13th CS International conference builds on the strengths of its predecessors, with around 40 leaders from industry and academia delivering presentations that fall within five key themes: Ultrafast Communication; Making Headway with the MicroLED; Taking the Power from Silicon, New Vectors for the VCSEL, and Ultra-wide Bandgap Devices.

Delegates attending these sessions will gain insight into device technology, find out about the current status and the roadmap for the compound semiconductor industry, and discover the latest advances in tools and processes that will drive up fab yields and throughputs.

To discover our sponsorship and exhibition opportunities, contact us at:

Email: info@csinternational.net
Phone: +44 (0)24 7671 8970

To register your place as a delegate, visit: https://csinternational.net/register

Search the news archive

To close this popup you can press escape or click the close icon.
Register - Step 1

You may choose to subscribe to the Compound Semiconductor Magazine, the Compound Semiconductor Newsletter, or both. You may also request additional information if required, before submitting your application.

Please subscribe me to:


You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in: