Yesterday, LED stocks such as Cree Inc (CREE), Aixtron (AIXG) and Veeco Instruments (VECO) got a boost when the head of GE’s lighting unit Michael Petras said in a Bloomberg article that he anticipates LED lighting could account for as much as 75% of their sales in the unit within the next 10 years (compared with just 10% now).
Demand for LED will began to surge very soon due to the phasing out of the … Read the rest
GE Lighting just announced that it has signed an licensing agreement with Rambus Inc. to use Rambus’ LED product designs and manufacturing knowledge to develop a flat-panel LED lighting system that can be used in architectural and commercial lighting.
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In a press release, Michael B. Petras, Jr., president and CEO of GE Lighting, commented on the news:
“One … Read the rest