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LED means "light emitting diode." That is a semiconductor that produces light. LEDs are found on various parts of a computer. Some are used such as on the front panel to show that the computer is in use. Some are used for status lights, speed indicators, temperature gauges, and for decoration.

Then of course there are LED-based Computer Monitors. They use an entire sheet of many tiny LEDs which are connected to driver circuitry and are used the same way as traditional CRT-based computer monitors. The overall result is the same - electrons excite a rare material and cause it to glow, but the method is different. CRT monitors used a high voltage electron beam to strike phosphors on the front of the CRT tube. LED and LCD monitors use lower voltage that is directly applied to the material, and the result is the same - it glows.

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