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2017-10-19

New Cree Guidance Speculated to Exit Consumer Lighting and Emphasize RF Solutions

Cree on October 17 released a webcast reporting its 1Q18 financial results. The next-day financial report showed a decrease of 3% YoY in the LED chip maker’s revenue. Gregg Lowe, Cree CEO, stated with faith that the company will implement new strategies in the next few months. Cree is speculated to invest heavily in its chip business and to exit the consumer lighting market. Its stock jumped 16% on Wednesday after the new CEO announced the new guidance. 
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[News] Samsung Enhances the Walmart AMP Live Event Experience with New Outdoor LED Displays

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[News] Samsung Reportedly Set to Unveil 115-Inch RGB Micro LED TV in June

According to The Elec, Samsung has announced plans to launch a 115-inch RGB Micro LED TV later this year. The new model will be part of the company’s Neo QLED TV lineup but positioned as an ultra-high-end version. In contrast, current Ne... READ MORE

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