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Cree gets $200M order for LED products

DURHAM, N.C.-Semiconductor company Cree Inc. said its Japanese distributor, Sumitomo Corp., has agreed to purchase $200 million of Cree’s light emitting diode products.

The purchase, which is subject to end-customer demand and other conditions, was added to an existing distributorship agreement between the companies. The order includes products across Cree’s full line of LED chip products.

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