DURHAM, N.C., Jan. 4 -- Cree Research Inc. has received $14 million in orders for light-emitting diode devices from customers in several Asian countries. The high-brightness LEDs are to be employed in applications targeting displays, cellular phones and other consumer products; the company plans to fill the orders in the current and upcoming fiscal year.
Neal Hunter, chairman and CEO of Cree Research, stated, We are pleased to book these additional orders as they confirm our expectations of the demand for high-brightness LEDs. We are focused on the challenges of increasing capacity to meet this developing market.