Cree

Fast Company - - Most Innovative Companies -

MILE­STONES LED man­u­fac­turer Cree—known for its high-power lights used in places like sports sta­di­ums—is team­ing up with China’s San’an Op­to­elec­tron­ics to work on cheaper, mid-power ver­sions with a broader mar­ket ap­peal.

CHAL­LENGES Ear­lier this year, in an at­tempt to fo­cus on its core light­ing business, Cree tried and failed to sell off its power sub­sidiary, Wolf­speed. Now it will have to find another way to hold onto the LED in­dus­try’s shrink­ing mar­gins.

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