As Cree has announced on its website, the company will sell out its LED business in hence follow the example of other major lighting companies like Philips and GE.

Cree plans to sell its LED department to SMART Global Holdings, Inc. and commented that this transaction has further established the company’s strategic position by leading the industrial transformation from silicon to silicon carbide, as well as providing additional enhancement on the financial status of the company.

 
 Cree announced to continue its investment in the semiconductor field, and fully utilize growth opportunities that comprise of fields of alternative fuel vehicles, 5G, and industrial applications.

This sales of LED product department indicates that Cree continues its journey of transformation. The compound semiconductor market represented by silicon carbide and gallium nitride is currently experiencing a prosperous developmen and the fact that Cree has further accelerated the application of silicon carbide signals its determination in focusing on becoming the global semiconductor leader.sm.