Cree’s biggest competitor, Philips Electronics, is spinning its LED components operation into a separate company.
And the internet is buzzing with how the move might impact the Durham-based LED maker.
Philips is looking for outside investors for its Lumileds Lighting unit, which it plans to combine with its automotive-lighting business in an entirely new company that could face off against Cree. Sales of both of Philips’ to-be-combined lighting businesses, according to the Wall Street Journal,…