LEDs have for some time been seen as the future of the lighting industry. However, adoption of the lights has been significantly slower than many experts had expected.
In a phone interview as part of the Reuters Global Energy and Climate Summit, Cree chief executive Chuck Swoboda explained: "At the end of the day we're still asking people to pay a pretty high premium for LED lighting, and the paybacks are too long."
He added: "We still need more innovative products that are as good or better than what they replace."
Meanwhile, National Semiconductor, a technology manufacturer, recently launched the first 2A red, green and blue LED driver for portable projectors.
The device's projectors drive three common anode red, green and blue high-brightness LEDs sequentially through a single inductor.
This is in contrast to other products on the market, which tend to include a separate driver for each LED.
Posted by Andre Dixon
