CREE has sold LED division to Smart Global Holdings

[ANTALIFE]

https://epsnews.com/2020/10/23/cree-divests-led-business-to-focus-on-sic-and-gan-devices/

For those that have experienced something similar in the past, what would this mean for CREE's current LED lineup?

[rdl]

I didn't know Cree had any other businesses besides making LEDs. After reading that article, it seems they probably made the right move.

[tooki]

https://epsnews.com/2020/10/23/cree-divests-led-business-to-focus-on-sic-and-gan-devices/

For those that have experienced something similar in the past, what would this mean for CREE's current LED lineup?

A better question is: which semiconductor companies haven’t been divested at least once in their lifetimes? TI... Intel... umm...

[HwAoRrDk]

A better question is: which semiconductor companies haven’t been divested at least once in their lifetimes? TI... Intel... umm...

Well, Intel are planning to sell off their memory business to SK Hynix, so the list is becoming increasingly small...

[fourtytwo42]

Are this bunch asset strippers or technology thieves I wonder ?