Cree is trying to put LED lighting on the same price and performance curve that people are used to with computers.
The company today announced redesigned LED light sources that promise a significant cut in the cost of LED lighting and a quicker pace of technical improvement.
Cree estimates that the new design, which uses smaller LED chips, can cut the cost of the LED components by 50 percent. At retail, that translates to a roughly 25 percent cost reduction, said product marketing manager Paul Scheidt.
"LEDs are at the point where the technology is good enough to get … Read more