Philips join hands with Cree to accelerate the expansion of the LED lighting market (Figure)

The main Philips and led upstream of the main supply components industry PhilipsLumileds to develop high-powerLED product application, high-powerLED in high current drive to maintain LED high luminous efficiency, and improve the function of LED hot and cold, the LED light output increased 10% compared with the previous generation of products, compared with the other types of LED the development of more advantages.

Philips join hands with Cree to accelerate the expansion of the LED lighting market

LED lighting is one of the main focus of the future development of green energy industry Philips, Philips will invest 1 billion euros, about $1 billion 290 million, in green product development, is expected to 2015 revenue accounted for LED lighting lighting business will reach 50%, 2020 will further increase to 75%.