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Electronics Production | July 19, 2006

Seoul Semi in collaboration with CREE

Seoul Semiconductor has signed a cross license agreement with CREE.
"As our business continues to grow, it is important to align with other industry leaders. Reaching this Cross License Agreement and long-term supply agreement with Cree provides access to leading LED technology. Also our partnering on wider technologies paves the way for added success in future applications," commented Chung H. Lee, Seoul Semiconductor's president.

"With the Cree technology, Seoul Semiconductor is positioned for further expansion of our business", he added.

"We are pleased to announce these agreements with Seoul Semiconductor, which are the results of several years of strong cooperation between our two companies to win market share for white LEDs. Our success to date has been mostly focused on design wins in the Korean market and we look to further to expand this success on a worldwide scale over the next several years,"
commented Chuck Swoboda, Cree's chairman and chief executive officer.

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