Cree (CREE +2.1%) is higher on a day when Siemens (SI) announced it plans to cut 4,700 jobs at...

Cree (CREE +2.1%) is higher on a day when Siemens (SI) announced it plans to cut 4,700 jobs at its Osram lighting unit, which competes with Cree in LED lighting, ahead of a spinoff. Though many of the cuts involve factories making traditional lighting products, a Reuters column noted Osram could try to boost profitability by procuring LED chips from third-parties. If Osram went in that direction, Cree would be a potential supplier. LED equipment firms Veeco (VECO -3.7%) and GT Advanced (GTAT -2.6%) are off today.

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  • billkennedy
    , contributor
    Comments (4) | Send Message
    ...all is shifting (re LEDs) to lumens/$...this means high margin suppliers like Cree are left isolated, left to Government subsidized business, and will not compete well in world market, while Asia is up, due to major production and volume applications such as everything from portable electronics to toys (including cell phones) to lighting.
    Cree's counter must be that they are a III-V Semiconductor Mfgr, not just an LED supplier.....meaning they will continue to push LEDs, and their "leadership". but will also (for the street) push MOSFETS, RF, etc. This becomes more and more the Cree model, as the "LED Light" business -from toys to various applications including SSL - become more and more cost-driven (lumens/$ not lumens/watt).
    30 Nov 2012, 04:15 PM Reply Like
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