Cree signs a patent licensing contract with AOT – a Taiwan based LED Packager Company. With the collaboration, the two companies will leverage their strengths in developing innovative LED applications. The contract between Cree and AOT is valid for 3 years from July 1, 2019 until June 30, 2022.
AOT is been working closely with other companies under the Foxconn Group on Micro LED technology development. Apart from maintaining LED backlighting as a mainstream business, AOT has stepped into developing automotive lighting, VCSEL (vertical-cavity surface-emitting laser), UV LED devices and mini LED backlighting.
Meanwhile, Cree reported in June that it has scaled down the revenue forecast of fiscal 4Q19 due to Huawei ban as well as tepid momentum in the LED market. The company has put its focus on high-tech semiconductor development with its lighting business sold to Ideal Industries. Cree also expanded its silicon carbide capacity with new investment.
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