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Cree and Lextar’s investment agreement has caught the industry’s attention this week. Cree will become Lextar’s second largest shareholder after investing US $83 million to acquire 13% stake in the company. The U.S. manufacturer is most likely seeking a long-term economic LED chip supplier to retain a competitive edge in the market, according to LEDinside’s Research Director Roger Chu. Another noteworthy Indiegogo campaign for smart wearable device Ritot just might change how smart watch manufacturers design their products in the near future. For more please see below:
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[Update] Kobe Bryant Promotes LED Basketball Court During Summer Tour with Nike
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