Cree Inc (CREE) has announced plans for a new production lines that will produce 150mm LED wafers that are more than double the size of current ones helping to make LED lighting more cost-effective.   The new lines will be installed over the next few quarters and start producing by next summer.

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"150mm LED wafers are an important step in enabling the next phase of LED lighting," said Cree CEO and Chairman, Chuck Swoboda. "These new larger wafers are the result of Cree’s relentless focus on innovation, demonstrating our commitment to leading the LED Lighting Revolution."