Members in the news
DURHAM, N.C., June 15, 2011 —President Barack Obama visited leading LED manufacturer Cree, Inc. on Monday, June 13, 2011, touring Cree’s Durham, N.C. manufacturing and speaking with Cree employees and other guests. During his visit, President Obama met with his Jobs and Competitiveness Council to discuss initiatives and policies to spur economic growth, promote job creation and accelerate hiring across the United States.
President Obama made remarks to a crowd that included Senator Kay Hagan, Representatives David Price, Brad Miller, G.K. Butterfield and other local and state leaders as well as hundreds of Cree employees. In his remarks, President Obama stated, “So today the small business that a group of N.C. State engineering students founded almost 25 years ago is a global company…Next month, your new production line will begin running 24/7. So you’re helping to lead a clean energy revolution. You’re helping lead the comeback of American manufacturing. This is a company where the future will be won.”
Cree currently employs over 5,000 employees globally, keeping pace with a growing international market for energy-efficient LED lighting. Most recently, Cree has added LED fixture manufacturing lines in Durham, N.C. President Obama joined Swoboda on a tour of these new production lines, which include world’s most efficient troffers, the CR series. These new lights are designed to replace fluorescent troffer lighting commonly seen in office and other commercial buildings, delivering higher quality light and increased efficiency at prices comparable to their fluorescent counterparts.
“President Obama’s visit yesterday highlighted topics critical to the success of the LED lighting revolution, including workforce training and education,” said Swoboda. “Cree remains committed to innovating, growing and successfully addressing the global appetite for energy-efficient technologies.”
April 5, 2011 - Texas Instruments’ acquisition of National Semiconductor for $6.5 billion will create a giant that dominates the power IC field according to the latest data* from IMS Research.The combination of these two titans will represent about 17% of the power management and driver IC market, or $2.2 billion in revenue, whilst their share of the LED IC market will stand at over 25%.
IMS Research senior power analyst Ryan Sanderson commented: “Assuming that the deal is waived through by the regulators, TI, once it completes the acquisition and integration of National, would have just over twice the market share of #2 ranked Infineon, assuming previous years’ results.” Within the power management area, TI has a strong position in areas such as switching controllers and battery management. Meanwhile, National is strong in areas such as voltage regulation ICs. As a result, the combined company will have a very strong position across a wide range of power IC products.
The merger will also consolidate the two companies’ leadership positions in some emerging areas such as LED driver ICs. IMS Research ranked TI and National #1 and #2 respectively in 2010 and the combined share of the new company is estimated at 26%. Jamie Fox, senior LED lighting analyst at IMS Research, commented: “We estimate that TI held around 19% of this market in 2010, whilst National took 7%. The new combined company will be four times bigger than its nearest competitor in this high growth market, which was worth nearly $1 billion in 2010”.
Prior to the acquisition, TI had been successful in several high volume markets such as mobile, signage and lighting. National was also strong in mobile as well as operating in other sectors such as automotive and lighting.
*Numbers drawn from two reports: The LED Driver IC market 2011 and the Power Management and Driver IC market 2011. Both will be published shortly.
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