Sumitomo to Buy $180M in Cree Wafer, LED Chip Products
DURHAM, N.C., June 1, 2006 -- LED lighting component maker Cree Inc. of Durham, N.C., said its Japanese distributor, Sumitomo Corp., has agreed to purchase $180 million of Cree's LED and wafer products during Cree's fiscal year, which ends in June 2007, subject to customer...