Cree buys light in China

US semiconductor and lighting specialist, Cree, pays $200 million for Hong Kong-based Cotco to gain access to the Chinese market.

US-based Cree announced on March 12 it will acquire the privately held company Cotco Luminant Device of Hong Kong in a combined stock and cash transaction worth $200 million.

Cotco is a supplier of high brightness LEDs light emitting diodes in China. Cree will gain access to this lighting market and a low-cost manufacturing platform through Cotco's factory in China. Cree will also leverage its expertise to offer more value-added products for high performance LED screens, signage and...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: cree | cotco | led

Print Edition

FinanceAsia Print Edition

EVENTS