Cree sells SMART Global Holdings its business unit Cree LED Products. Cree LED is one of the strongest global brands in LED business. SMART will pay up to $300 million for it, depending on Cree LED's financial performance, in the first four full quarters after the closing of the deal, which is expected to occur in Q1 2021.
Cree sells SMART Global Holdings its business unit Cree LED Products. Cree LED is one of the strongest global brands in LED business. SMART will pay up to $300 million for it, depending on Cree LED's financial performance, in the first four full quarters after the closing of the deal, which is expected to occur in Q1 2021. 
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