How Cree's Acquisition Of APEI Will Help Its Power & RF Division To Unlock Its Full Value?

The move is expected to allow the company to focus individually on its LED and lighting business sectors as well as its power and RF businesses. Also, the company announced its LED restructuring plan in June to reduce excess capacity and to improve the company's cost structure moving forward. Extending Cree's research and development capabilities with APEI, a leader in wide bandgap power R&D, will help the company meet customer requirements for performance and cost. Terms of the deal were not di...