(:CREE)

Oct 04, 2021 08:00 am ET
Cree, Inc. Officially Changes Company Name to Wolfspeed, Inc., Marking Successful Transition to Global Semiconductor Powerhouse
Following a massive four-year transformation, involving the divestiture of two-thirds of the business and a repositioning of the company’s overall core strategy, today marks the creation of Wolfspeed, Inc. (NYSE: WOLF), the global leader in Silicon Carbide technology and production. The company, formerly known as Cree, Inc. (Nasdaq: CREE), officially launches under its new name with the support of a comprehensive, multi-channel, integrated marketing campaign.
Sep 16, 2021 08:00 am ET
Cree | Wolfspeed To Transfer to the New York Stock Exchange and Trade Under New Ticker Symbol “WOLF”; To Host Investor Day in NYC on Wednesday, Nov. 17
Cree, Inc. (Nasdaq: CREE), the global leader in Silicon Carbide technology through its Wolfspeed business, today announced that it will transfer the listing of its common stock to the New York Stock Exchange (“NYSE”) from The Nasdaq Global Select Market. Cree expects to commence trading as a NYSE-listed company at market open on October 4, 2021 under the new ticker symbol ‘WOLF’. The Company will continue to trade its common stock on the Nasdaq until the close of the market on October 1, 2021. As previously announced, the Company will also change its corporate name from Cree, Inc. to Wolfspeed
Sep 13, 2021 11:30 am ET
Cree, Inc. to Participate in the Citi 2021 Virtual Global Technology Conference
Cree, Inc. (Nasdaq: CREE), the global leader in silicon carbide technology through its Wolfspeed business, today announced that Cengiz Balkas, senior vice president and general manager of materials, and Tyler Gronbach, vice president of investor relations, will present virtually at the Citi 2021 Virtual Global Technology Conference on Wednesday, September 15, 2021 at 9:40AM ET.
Aug 17, 2021 04:05 pm ET
Cree | Wolfspeed and STMicroelectronics Expand Existing 150mm Silicon Carbide Wafer Supply Agreement
Cree, Inc. (Nasdaq: CREE), the global leader in silicon carbide technology through its Wolfspeed® business, and STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, announced today the expansion of an existing multi-year, long-term silicon carbide wafer supply agreement. The amended agreement, which calls for Cree to supply ST with 150mm silicon carbide bare and epitaxial wafers over the next several years, is now worth more than $800 million.
Aug 17, 2021 04:01 pm ET
Cree Reports Financial Results for the Fourth Quarter of Fiscal Year 2021
Cree, Inc. (Nasdaq: CREE) today announced revenue from continuing operations of $145.8 million for its fourth quarter of fiscal 2021, ended June 27, 2021. This represents a 35% increase compared to revenue from continuing operations of $108.4 million reported for the fourth quarter of fiscal 2020, and a 6% increase compared to the third quarter of fiscal 2021. GAAP net loss from continuing operations for the fourth quarter of fiscal 2021 was $145.2 million, or $1.26 per diluted share, compared to GAAP net loss from continuing operations of $44.2 million, or $0.41 per diluted share, for the fou
Aug 10, 2021 08:00 am ET
Cree, Inc. to Report Fourth Quarter Fiscal 2021 Earnings on August 17, 2021
Cree, Inc. (Nasdaq: CREE), the global leader in silicon carbide technology through its Wolfspeed business, will conduct a conference call and audio webcast to discuss its fourth quarter fiscal 2021 results and business outlook on August 17, 2021, at 5:00 p.m. Eastern Time.
Aug 04, 2021 10:30 am ET
Cree, Inc. to Participate in Canaccord Genuity’s 41st Annual Growth Conference
Cree, Inc. (Nasdaq: CREE), the global leader in silicon carbide technology through its Wolfspeed® business, today announced that John Palmour, Chief Technology Officer, will present virtually at the Canaccord Genuity 41st Annual Growth Conference on Tuesday, August 10 at 12:00PM ET.
Aug 03, 2021 08:00 am ET
Cree, Inc. Announces Expansion of Operations Leadership Team
Cree, Inc. (Nasdaq: CREE), the global leader in Silicon Carbide (SiC) technology through its Wolfspeed business, today announced the expansion of the operations leadership team as part of the Company’s accelerated growth and capacity expansion plans and planned retirement of Rick McFarland, Cree’s Senior Vice President of Global Operations, in the Summer of 2022.
Jun 23, 2021 08:00 am ET
MaxLinear Linearization and Cree GaN on SiC Power Amplifiers Combine to Efficiently Power New Ultra-Wideband 5G
MaxLinear, Inc. (NYSE: MXL), a leading provider of radio frequency (RF), analog, digital and mixed-signal integrated circuits, and Cree, Inc. (NASDAQ: CREE), the global leader in Silicon Carbide (SiC) technology through its Wolfspeed business, announced breakthrough performance when combining MaxLinear’s ultra-wideband linearization solution (MaxLin)
Jun 09, 2021 08:00 am ET
Cree and Gospower Deliver Silicon Carbide to Server Power Supply Market
Cree, Inc. (Nasdaq: CREE), the global leader in silicon carbide technology through its Wolfspeed business, today announced that Shenzhen Gospower Digital Technology Co., Ltd. (brand: Gospower), a national high-tech enterprise and leader in power electronics converters, will utilize Cree’s Wolfspeed® 650V silicon carbide MOSFETs for next generation Common Redundant Power Supply (CRPS) solutions. As the demand for cloud-based storage continues to rapidly expand, Gospower will leverage Wolfspeed’s silicon carbide technology to deliver power efficiencies that will boost China’s entire power server
Jun 02, 2021 11:34 am ET
Cree, Inc. to Participate in Upcoming Investor Conferences
Cree, Inc. (Nasdaq: CREE), today announced that its senior management will present at the following virtual investor conferences:
May 24, 2021 01:02 pm ET
Cree, Inc. to Participate in J.P. Morgan’s 49th Annual Global Technology, Media and Communications Conference
Cree, Inc. (Nasdaq: CREE), the global leader in silicon carbide technology through its Wolfspeed business, today announced that Gregg Lowe, Chief Executive Officer, and Neill Reynolds, Chief Financial Officer, will present virtually at the J.P. Morgan 49th Annual Global Technology, Media and Communications Conference on Tuesday, May 25, 2021 at 11:45AM ET.
Apr 28, 2021 04:01 pm ET
Cree Reports Financial Results for the Third Quarter of Fiscal Year 2021
Cree, Inc. (Nasdaq: CREE) today announced revenue from continuing operations of $137.3 million for its third quarter of fiscal 2021, ended March 28, 2021. This represents a 21% increase compared to revenue from continuing operations of $113.9 million reported for the third quarter of fiscal 2020, and an 8% increase compared to the second quarter of fiscal 2021. GAAP net loss from continuing operations for the third quarter of fiscal 2021 was $66.5 million, or $0.59 per diluted share, compared to GAAP net loss from continuing operations of $56.2 million, or $0.52 per diluted share, for the thir
Apr 21, 2021 08:00 am ET
Cree, Inc. to Report Third Quarter Fiscal 2021 Earnings on April 28, 2021
Cree, Inc. (Nasdaq: CREE), the global leader in silicon carbide technology through its Wolfspeed business, will conduct a conference call and audio webcast to discuss its third quarter fiscal 2021 results and business outlook on April 28, 2021, at 5:00 p.m. Eastern Time.
Mar 11, 2021 04:00 pm ET
Cree, Inc. to Participate in 33rd Annual Roth Conference
Cree, Inc. (Nasdaq: CREE), the global leader in silicon carbide technology through its Wolfspeed® business, today announced that Cengiz Balkas, senior vice president of Wolfspeed, will be presenting virtually at the 33rd Annual Roth Conference on Monday, March 15, 2021 at 3:00PM ET.
Mar 01, 2021 08:00 am ET
Cree Completes Sale of its LED Business to SMART Global Holdings, Inc.
Cree, Inc. (Nasdaq: CREE), the global leader in silicon carbide technology through its Wolfspeed® business, today announced that it has completed the previously announced sale of its LED Products business unit (“Cree LED”) to SMART Global Holdings, Inc. (Nasdaq: SGH) effective today. SMART will now license and incorporate the Cree LED brand name into the SMART portfolio of businesses, and Cree will change its corporate name to Wolfspeed later this year. Under the transaction terms Cree will receive up to $300 million, which consists of a $50 million cash payment at close and a $125 million sel
Feb 23, 2021 08:00 am ET
Cree, Inc. to Present at Morgan Stanley 2021 Global Technology, Media and Telecom Conference
Cree, Inc. (Nasdaq: CREE) today announced that Gregg Lowe, Chief Executive Officer, and Neill Reynolds, Chief Financial Officer, will present virtually at the Morgan Stanley 2021 Global Technology, Media and Telecom Conference on Monday, March 1, 2021 at 9:30AM ET.
Feb 19, 2021 08:00 am ET
Cree, Inc. Completes $500 Million At-The-Market Equity Offering
Cree, Inc. (Nasdaq: CREE), the global leader in silicon carbide technology through its Wolfspeed® business, announced today it has completed an offering of shares of its common stock, pursuant to an at-the-market equity program described in a shelf registration statement filed with the U.S. Securities Exchange Commission on February 11, 2021.
Jan 27, 2021 04:01 pm ET
Cree Reports Financial Results for the Second Quarter of Fiscal Year 2021
Cree, Inc. (Nasdaq: CREE) today announced revenue from continuing operations of $127.0 million for its second quarter of fiscal 2021, ended December 27, 2020. This represents a 5% increase compared to revenue from continuing operations of $120.7 million reported for the second quarter of fiscal 2020, and a 10% increase compared to the first quarter of fiscal 2021. GAAP net loss from continuing operations for the second quarter of fiscal 2021 was $54.3 million, or $0.49 per diluted share, compared to GAAP net loss from continuing operations of $57.9 million, or $0.54 per diluted share, for the
Jan 26, 2021 08:47 am ET
ADDING MULTIMEDIA Cree, Inc. Appoints Marvin Riley to Board of Directors
Cree, Inc. (Nasdaq: CREE), the global leader in silicon carbide technology, announced today that Marvin A. Riley has been appointed to the Company’s Board of Directors, effective January 25, 2021. Mr. Riley is president and chief executive officer of EnPro (NYSE: NPO), a leading industrial technology company using materials science to push boundaries in semiconductor, life sciences, and other technology-enabled sectors.
Jan 26, 2021 08:00 am ET
Cree, Inc. Appoints Marvin Riley to Board of Directors
Cree, Inc. (Nasdaq: CREE), the global leader in silicon carbide technology, announced today that Marvin A. Riley has been appointed to the Company’s Board of Directors, effective January 25, 2021. Mr. Riley is president and chief executive officer of EnPro (NYSE: NPO), a leading industrial technology company using materials science to push boundaries in semiconductor, life sciences, and other technology-enabled sectors.
Jan 20, 2021 08:00 am ET
Cree, Inc. to Report Second Quarter Fiscal 2021 Earnings on January 27, 2021
Cree, Inc. (Nasdaq: CREE), the global leader in silicon carbide technology, will conduct a conference call and audio webcast to discuss its second quarter fiscal 2021 results and business outlook on January 27, 2021, at 5:00 p.m. Eastern Time.
Jan 11, 2021 08:00 am ET
Cree Delivers Industry Leading Efficiency to Electric Vehicle Fast Charging and Solar Markets with New Silicon Carbide Power Module Portfolio
Cree, Inc. (Nasdaq: CREE), the global leader in silicon carbide technology, today announced the launch of its Wolfspeed WolfPACK™ power modules, extending its range of solutions and ushering in a new era of performance for a diverse range of industrial power markets, including electric vehicle fast charging, renewable energy and energy storage, and industrial power applications. Using 1200V Wolfspeed® MOSFET technology, the new modules deliver maximum efficiency in easy-to-use packages that allow designers to significantly increase efficiency and performance with smaller, more scalable power s
Nov 30, 2020 02:00 pm ET
Cree, Inc. to Present at Upcoming Virtual Investor Conferences
Cree, Inc. (Nasdaq: CREE) today announced that its senior management will present at the following virtual investor conferences:
Nov 02, 2020 08:30 am ET
Caladrius Biosciences Appoints Industry Veteran, Anne Whitaker, to Board of Directors
Caladrius Biosciences, Inc. (Nasdaq: CLBS) (“Caladrius” or the “Company”), a clinical-stage biopharmaceutical company dedicated to the development of cellular therapies designed to reverse, not manage, disease, today announced the appointment of...
Oct 28, 2020 04:01 pm ET
Cree Reports Financial Results for the First Quarter of Fiscal Year 2021
Cree, Inc. (Nasdaq: CREE) today announced revenue of $216.6 million for its first quarter of fiscal 2021, ended September 27, 2020. This represents an 11% decrease compared to revenue of $242.8 million reported for the first quarter of fiscal 2020, and a 5% increase compared to the fourth quarter of fiscal 2020. GAAP net loss attributable to controlling interest for the first quarter of fiscal 2021 was $184.4 million, or $1.68 per diluted share, compared to GAAP net loss attributable to controlling interest of $37.8 million, or $0.35 per diluted share, for the first quarter of fiscal 2020. On
Oct 22, 2020 08:00 am ET
Cree, Inc. to Report First Quarter Fiscal 2021 Earnings on October 28, 2020
Cree, Inc. (Nasdaq: CREE), the global leader in silicon carbide technology, will conduct a conference call and audio webcast to discuss its first quarter fiscal 2021 results and business outlook on October 28, 2020, at 5:00 p.m. Eastern Time.
Oct 19, 2020 06:01 am ET
SMART Global Holdings to Acquire Cree’s LED Business
SMART Global Holdings, Inc. (Nasdaq: SGH) today announced that it has entered into a definitive agreement with Cree, Inc. (Nasdaq: CREE) to purchase the Cree LED Products business unit (“Cree LED”) for up to $300 million, including fixed upfront...
Oct 19, 2020 06:00 am ET
Cree, Inc. to sell LED Business to SMART Global Holdings, Inc. for up to $300 Million
Cree, Inc. (Nasdaq: CREE) today announced that the Company has entered into a definitive agreement to sell its LED Products business unit (“Cree LED”) to SMART Global Holdings, Inc. (Nasdaq: SGH) for up to $300 million, including fixed upfront and deferred payments and contingent consideration.
Aug 18, 2020 04:01 pm ET
Cree Reports Financial Results for the Fourth Quarter of Fiscal Year 2020
Cree, Inc. (Nasdaq: CREE) today announced revenue of $205.7 million for its fourth quarter of fiscal 2020, ended June 28, 2020. This represents an 18% decrease compared to revenue of $251.2 million reported for the fourth quarter of fiscal 2019, and a 5% decrease compared to the third quarter of fiscal 2020. GAAP net loss from continuing operations attributable to controlling interest for the fourth quarter was $39.5 million, or $0.36 per diluted share, compared to GAAP net loss from continuing operations attributable to controlling interest of $34.5 million, or $0.33 per diluted share, for th
Aug 11, 2020 08:00 am ET
Cree, Inc. to Report Fourth Quarter Fiscal 2020 Earnings on August 18, 2020
Cree, Inc. (Nasdaq: CREE), the global leader in silicon carbide technology, will conduct a conference call and audio webcast to discuss its fourth quarter fiscal 2020 results and business outlook on August 18, 2020, at 5:00 p.m. Eastern Time.
Jul 08, 2020 08:00 am ET
Delphi Technologies awarded new power electronics business in China
LONDON, July 8, 2020 /PRNewswire/ -- Delphi Technologies PLC reinforced its leadership position in vehicle electrification by securing strategically important new power electronics business wins in the second quarter of 2020 with three market-leading Chinese Original Equipment Manufacturers (OEMs). The new business is scheduled to launch in the 2021-23 timeframe.
Jun 08, 2020 08:00 am ET
Yutong Group to Deliver Its First Electric Bus in China to Use Silicon Carbide in Powertrain
StarPower Semiconductor and Cree, Inc. (Nasdaq: CREE), a leader in silicon carbide semiconductors, announce that Zhengzhou Yutong Group Co., Ltd. (Yutong Group), a large-scale industrial Chinese manufacturer of commercial vehicles that specializes in electric buses, is using Cree 1200V silicon carbide devices in a StarPower power module for its new, industry-leading, high-efficiency powertrain system for electric buses. The use of silicon carbide-based power solutions enable faster, smaller, lighter and more powerful electronic systems for commercial electric vehicles.
Apr 29, 2020 04:01 pm ET
Cree Reports Financial Results for the Third Quarter of Fiscal Year 2020
Cree, Inc. (Nasdaq: CREE) today announced revenue of $215.5 million for its third quarter of fiscal 2020, ended March 29, 2020. This represents a 21% decrease compared to revenue of $274.0 million reported for the third quarter of fiscal 2019, and a 10% decrease compared to the second quarter of fiscal 2020. GAAP net loss from continuing operations attributable to controlling interest for the third quarter was $61.6 million, or $0.57 per diluted share, compared to GAAP net loss from continuing operations attributable to controlling interest of $22.4 million, or $0.22 per diluted share, for the
Apr 22, 2020 08:00 am ET
Cree, Inc. Announces Date for Third Quarter Fiscal 2020 Earnings Release and Webcast
Cree, Inc. (Nasdaq: CREE), the global leader in silicon carbide technology, will conduct a conference call with analysts to discuss its third quarter fiscal 2020 results and business outlook on April 29, 2020, at 5:00 p.m. Eastern Daylight Time.
Apr 17, 2020 07:00 am ET
Cree Announces Pricing of $500 Million Convertible Senior Notes Offering
Cree, Inc. (NASDAQ: CREE) (“Cree”) today announced the pricing on April 16, 2020, of $500 million aggregate principal amount of its 1.75% Convertible Senior Notes due 2026 (the “Notes”) in a private offering (the “Offering”) to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). In addition, Cree has granted the initial purchasers of the Notes an option to purchase, for settlement within a 13-day period from, and including, the date on which the Notes are first issued, up to an additional $75 million aggregate principal amou
Apr 16, 2020 08:45 am ET
Cree Announces Offering of $500 Million of Convertible Senior Notes
Cree, Inc. (NASDAQ: CREE) (“Cree”) today announced that it intends to offer, subject to market conditions and other factors, $500 million aggregate principal amount of its Convertible Senior Notes due 2026 (the “Notes”) in a private offering (the “Offering”) to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). In addition, Cree expects to grant the initial purchasers of the Notes an option to purchase, for settlement within a 13-day period from, and including, the date on which the Notes are first issued, up to an addition
Apr 02, 2020 04:05 pm ET
Cree Announces Preliminary Third Quarter Fiscal 2020 Results and Provides Business Update
Cree, Inc. (Nasdaq: CREE) today announced preliminary results for its third quarter of fiscal 2020 ended March 29, 2020 and provided a business update in light of the COVID-19 pandemic, which has had a greater impact than originally anticipated when the Company provided the third quarter outlook on January 29, 2020.
Mar 30, 2020 08:00 am ET
Cree’s New 650V MOSFETs Offer Industry-leading Efficiency to Enable the Next Generation of Electric Vehicles, Data Centers and Solar Innovations
Cree (Nasdaq: CREE), the global leader in silicon carbide technology, today announced the expansion of its product portfolio with the release of the Wolfspeed® 650V silicon carbide MOSFETs, delivering a wider range of industrial applications and enabling the next generation of Electric Vehicle (EV) onboard charging, data centers, and other renewable systems with industry-leading power efficiency.
Jan 29, 2020 04:01 pm ET
Cree Reports Financial Results for the Second Quarter of Fiscal Year 2020
Cree, Inc. (Nasdaq: CREE) today announced revenue of $239.9 million for its second quarter of fiscal 2020, ended December 29, 2019. This represents a 14% decrease compared to revenue of $280.5 million reported for the second quarter of fiscal 2019, and a 1% decrease compared to the first quarter of fiscal 2020. GAAP net loss from continuing operations attributable to controlling interest for the second quarter was $52.8 million, or $0.49 per diluted share, compared to GAAP net loss from continuing operations attributable to controlling interest of $0.2 million, or $0.00 per diluted share, for
Jan 28, 2020 08:00 am ET
Cree, Inc. Appoints Glenda Dorchak to Board of Directors
Cree, Inc. (Nasdaq: CREE), the global leader in silicon carbide technology, announces that Glenda Dorchak, a seasoned corporate operating executive and experienced director, has been appointed to the Company’s Board of Directors, effective January 27, 2020.
Jan 22, 2020 08:00 am ET
Cree, Inc. Announces Date for Second Quarter Fiscal 2020 Earnings Release and Webcast
Cree, Inc. (Nasdaq: CREE), the global leader in silicon carbide technology, will conduct a conference call with analysts to discuss its second quarter fiscal 2020 results and business outlook on January 29, 2020, at 5:00 p.m. Eastern time.
Nov 19, 2019 08:00 am ET
Cree and STMicroelectronics Expand and Extend Existing Silicon Carbide Wafer Supply Agreement
Cree, Inc. (Nasdaq: CREE) and STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, announced today the expansion and extension of an existing multi-year, long-term silicon carbide wafer supply agreement to more than $500 million. The extended agreement is a doubling in value of the original agreement for the supply of Cree’s advanced 150mm silicon carbide bare and epitaxial wafers to STMicroelectronics over the next several years. The increased wafer supply enables the semiconductor leaders to address the rapidly growi
Nov 18, 2019 08:00 am ET
Cree and ABB Announce Silicon Carbide Partnership to Deliver Automotive and Industrial Solutions
Cree, Inc. (Nasdaq: CREE), the global leader in silicon carbide technology, and ABB’s Power Grids business have announced a partnership to jointly expand the rollout of silicon carbide in the rapidly-growing high-power semiconductor market. The agreement incorporates the use of Cree’s Wolfspeed® silicon carbide-based semiconductors into ABB’s comprehensive product portfolio, enabling Cree to broaden its customer base while accelerating ABB’s entry into the fast-expanding EV sector.
Nov 05, 2019 08:00 am ET
ZF and Cree Advance the Electric Drive
ZF Friedrichshafen AG and Cree, Inc. (Nasdaq: CREE), a US leader in silicon carbide semiconductors, announce a strategic partnership to create industry-leading, highly efficient electric drivelines.
Oct 30, 2019 04:01 pm ET
Cree Reports Financial Results for the First Quarter of Fiscal Year 2020
Cree, Inc. (Nasdaq: CREE) today announced revenue of $242.8 million for its first quarter of fiscal 2020, ended September 29, 2019. This represents an 11% decrease compared to revenue of $274.2 million reported for the first quarter of fiscal 2019, and a 3% decrease compared to the fourth quarter of fiscal 2019. GAAP net loss from continuing operations for the first quarter was $37.8 million, or $0.35 per diluted share, compared to GAAP net loss from continuing operations of $0.8 million, or $0.01 per diluted share, for the first quarter of fiscal 2019. On a non-GAAP basis, net loss from conti
Oct 23, 2019 08:00 am ET
Cree, Inc. Announces Date for First Quarter Fiscal 2020 Earnings Release and Webcast
Cree, Inc. (Nasdaq: CREE), the global leader in silicon carbide technology, will conduct a conference call with analysts to discuss its first quarter fiscal 2020 results and business outlook on October 30, 2019, at 5:00 p.m. Eastern time.
Oct 15, 2019 08:00 am ET
Cree, Inc. to Host Investor Day in New York City on Wednesday, November 20, 2019
Cree, Inc. (Nasdaq: CREE), the global leader in silicon carbide (SiC) semiconductor technology, today announced it will host an Investor Day on Wednesday, Nov. 20, 2019 at the Grand Hyatt Hotel in New York City.
Sep 23, 2019 08:30 am ET
Cree Announces Update to Capacity Expansion Plan - Company to Build World’s Largest Silicon Carbide Device Manufacturing Facility in New York
The new fabrication facility, part of a previously announced project to dramatically increase capacity for its Wolfspeed silicon carbide and GaN business, will be a bigger, highly-automated factory with greater output capability. Through a strategic partnership with the office of Governor Andrew M. Cuomo and other state and local agencies and entities, the decision to build in New York will allow for both continued future expansion of capacity and significant net cost savings for Cree.
Sep 09, 2019 06:30 am ET
Delphi Technologies to Partner with Cree for Automotive Silicon Carbide Devices
Delphi Technologies PLC (NYSE: DLPH), a global provider of automotive propulsion technologies, and Cree, Inc. (Nasdaq: CREE), a leader in silicon carbide semiconductors, announce a partnership to utilize silicon carbide semiconductor device technology to enable faster, smaller, lighter and more powerful electronic systems for future electric vehicles (EV).
Aug 20, 2019 04:01 pm ET
Cree Reports Financial Results for the Fourth Quarter and Fiscal Year 2019
Cree, Inc. (Nasdaq: CREE) today announced revenue of $251.2 million for its fourth quarter of fiscal 2019, ended June 30, 2019. This represents a 5% decrease compared to revenue of $265.8 million reported for the fourth quarter of fiscal 2018, and an 8% decrease compared to the third quarter of fiscal 2019. GAAP net loss from continuing operations for the fourth quarter was $34.6 million, or $0.33 per diluted share, compared to GAAP net loss from continuing operations of $28.9 million, or $0.29 per diluted share, for the fourth quarter of fiscal 2018. On a non-GAAP basis, net income from conti
Aug 13, 2019 09:00 am ET
Aug 06, 2019 08:30 am ET
Cree and ON Semiconductor Announce Multi-Year Silicon Carbide Wafer Supply Agreement
Cree, Inc. (Nasdaq: CREE) and ON Semiconductor Corporation (NASDAQ: ON) announced the execution of a multi-year agreement where Cree will produce and supply its Wolfspeed® silicon carbide wafers to ON Semiconductor, a global semiconductor leader serving customers across the spectrum of electronics applications. The agreement, valued at more than $85 million, provides for the supply of Cree’s advanced 150mm silicon carbide (SiC) bare and epitaxial wafers to ON Semiconductor for use in high-growth markets, such as electric vehicle and industrial applications.
Jun 11, 2019 08:00 am ET
Cree Updates Q4 FY 2019 Financial Guidance
Cree, Inc. (Nasdaq:CREE), the global leader in silicon carbide (SiC) semiconductors, announced an update to its financial guidance for the fourth quarter of fiscal 2019.
May 14, 2019 09:00 am ET
Cree Selected as Silicon Carbide Partner for the Volkswagen Group FAST Program
Cree, Inc. (Nasdaq: CREE), the global leader in silicon carbide (SiC) semiconductors, has been selected as the exclusive silicon carbide partner for the Volkswagen Group’s “Future Automotive Supply Tracks” Initiative (FAST). The aim of FAST is to work together to implement technical innovations quicker than before and to realize global vehicle projects even more efficiently and effectively.
May 13, 2019 02:47 pm ET
Cree Closes on the Sale of Cree Lighting to IDEAL INDUSTRIES, Inc.
Cree, Inc. (Nasdaq: CREE) announced today that it has completed the sale of its Lighting Products business unit (“Cree Lighting”) to IDEAL INDUSTRIES, Inc. The transaction includes the LED lighting fixtures, lamps and corporate lighting solutions business for commercial, industrial and consumer applications. The transaction, which was previously announced on March 15, has closed and is effective today.
May 08, 2019 09:00 am ET
Cree, Inc. to Webcast Upcoming Conference Presentation
Cree, Inc. (Nasdaq: CREE) today announced it will webcast its presentation at an upcoming event.
May 07, 2019 08:00 am ET
Cree to Invest $1 Billion to Expand Silicon Carbide Capacity
As part of its long-term growth strategy, Cree, Inc. (Nasdaq: CREE) announces it will invest up to $1 billion in the expansion of its silicon carbide capacity with the development of a state-of-the-art, automated 200mm silicon carbide fabrication facility and a materials mega factory at its U.S. campus headquarters in Durham, N.C. It marks the company’s largest investment to date in fueling its Wolfspeed silicon carbide and GaN on silicon carbide business. Upon completion in 2024, the facilities will substantially increase the company’s silicon
May 01, 2019 04:01 pm ET
Cree Reports Financial Results for the Third Quarter of Fiscal Year 2019
Cree, Inc. (Nasdaq: CREE) today announced financial results for its third quarter of fiscal 2019, ended March 31, 2019. Revenue from continuing operations for the third quarter of fiscal 2019 was $274 million, which represents a 22% increase compared to revenue from continuing operations of $225 million for the third quarter of fiscal 2018. GAAP net loss from continuing operations for the third quarter of fiscal 2019 was $22 million, or $0.22 per diluted share. This compares to a GAAP net loss from continuing operations of $10 million, or $0.10
Apr 24, 2019 09:00 am ET
Mar 15, 2019 10:08 am ET
IDEAL INDUSTRIES, INC. Acquires Cree Commercial Lighting and Intelligent Lighting Control Systems
IDEAL INDUSTRIES, INC. today announced the acquisition of Cree Lighting, which includes the LED lighting fixtures, lamps and intelligent lighting control solutions business for commercial, industrial and consumer applications of Cree, Inc. (CREE –...
Mar 15, 2019 09:01 am ET
Cree to Sell Lighting Business to IDEAL INDUSTRIES, INC.
Cree, Inc. (Nasdaq: CREE) announces the execution of a definitive agreement to sell its Lighting Products business unit (“Cree Lighting”), which includes the LED lighting fixtures, lamps and corporate lighting solutions business for commercial, industrial and consumer applications, to IDEAL INDUSTRIES, INC. for approximately $310 million before tax impacts, including up-front and contingent consideration and the assumption of certain liabilities. Cree expects to receive an initial cash payment of $225 million, subject to purchase price adjustmen
Feb 19, 2019 09:00 am ET
Cree Delivers Best-in-Class Horticulture Efficiency with New Red XLamp LEDs
Cree, Inc. (NASDAQ: CREE) announces the next-generation XLamp® XP-E2 Photo Red (660 nm) and Far Red (730 nm) LEDs, delivering breakthrough performance for horticulture applications. The new Red XP-E2 LEDs provide a drop-in upgrade for the previous generation that outperforms competing LEDs by up to 68 percent. These higher-performance horticulture LEDs increase the efficiency of LED luminaires and shorten their payback periods, making it more affordable to grow food under optimized lighting.
Jan 30, 2019 04:01 pm ET
Cree Reports Financial Results for the Second Quarter of Fiscal Year 2019
Cree, Inc. (Nasdaq: CREE) today announced financial results for its second quarter of fiscal 2019, ended December 30, 2018. Revenue for the second quarter of fiscal 2019 was $413 million, which represents a 12% increase compared to revenue of $368 million for the second quarter of fiscal 2018. GAAP net loss for the second quarter of fiscal 2019 was $2 million, or $0.02 per diluted share. This compares to a GAAP net income of $14 million, or $0.14 per diluted share, for the second quarter of fiscal 2018. On a non-GAAP basis, net income for the se
Jan 23, 2019 09:00 am ET
Jan 09, 2019 07:25 am ET
Report: Exploring Fundamental Drivers Behind Virtusa, Eli Lilly, Cree, NewJersey Resources, Getty Realty, and PennantPark Investment — New Horizons, Emerging Trends, and Upcoming Developments
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Virtusa Corporation (NASDAQ:VRTU), Eli Lilly and Company (NYSE:LLY), Cree,...
Jan 07, 2019 04:30 pm ET
Cree and STMicroelectronics Announce Multi-Year Silicon Carbide Wafer Supply Agreement
Cree, Inc. (Nasdaq: CREE) announces that it signed a multi-year agreement to produce and supply its Wolfspeed® silicon carbide (SiC) wafers to STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications. The agreement governs the supply of a quarter billion dollars of Cree’s advanced 150mm silicon carbide bare and epitaxial wafers to STMicroelectronics during this period of extraordinary growth and demand for silicon carbide power devices.
Nov 28, 2018 09:00 am ET
Cree Sets the Mood for Architects, Lighting Designers with Stylish FLEX Series LED Specification Troffer
Cree, Inc. (NASDAQ: CREE) announces the FLEX Series LED Troffer, a new lighting system that gives architects and lighting specifiers remarkable design freedom, to address the $1.2 billion specification tier of the industry. This represents an enormous opportunity for a switch to energy-efficient LEDs, as recessed fluorescent troffers comprise 50 percent of all luminaires used in the U.S. commercial market, according to the Department of Energy.
Nov 09, 2018 10:10 am ET
Arrow Electronics Expands Distribution Agreement with Cree, Inc.’s Wolfspeed Division
Arrow Electronics, Inc. (NYSE: ARW) today announced an expanded agreement with Cree, Inc.’s Wolfspeed division (NASDAQ: CREE). The new agreement positions Arrow Electronics as Cree’s largest global distributor for Wolfspeed’s industry-leading silicon carbide (SiC) and gallium nitride (GaN) on SiC product portfolio.
Oct 24, 2018 08:20 am ET
Detailed Research: Economic Perspectives on Kohl's, Activision Blizzard, Amerco, Cree, Antares Pharma, and Uranium Energy — What Drives Growth in Today's Competitive Landscape
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Kohl's Corporation (NYSE:KSS), Activision Blizzard, Inc (NASDAQ:ATVI),...
Oct 22, 2018 04:01 pm ET
Cree Announces Annual Shareholders Meeting Election Results
Cree, Inc. (NASDAQ: CREE) announced today that the following changes have been made to its board of directors:
Oct 16, 2018 04:05 pm ET
Cree, Inc. Announces Long-Term Silicon Carbide Wafer Supply Agreement with a Leading Global Semiconductor Company
Cree, Inc. (Nasdaq: CREE) announces that it signed a strategic long-term agreement to produce and supply its Wolfspeed® silicon carbide wafers to one of the world’s leading power device companies. The agreement, valued at more than $85 million, governs Cree’s supply of advanced 150 mm silicon carbide bare and epitaxial wafers during this period of extraordinary growth and demand for silicon carbide power devices.
Oct 16, 2018 04:01 pm ET
Cree Reports Financial Results for the First Quarter of Fiscal Year 2019
Cree, Inc. (Nasdaq: CREE) today announced financial results for its first quarter of fiscal 2019, ended September 23, 2018. Revenue for the first quarter of fiscal 2019 was $408 million, which represents a 13% increase compared to revenue of $360 million for the first quarter of fiscal 2018. GAAP net loss for the first quarter of fiscal 2019 was $11 million, or $0.11 per diluted share. This compares to a GAAP net loss of $20 million, or $0.20 per diluted share, for the first quarter of fiscal 2018. On a non-GAAP basis, net income for the first q
Oct 09, 2018 09:00 am ET
Oct 04, 2018 09:00 am ET
Cree Expands Industrial Lighting Portfolio with New Linear High-Bay Luminaires
Linear fixtures are now being specified on approximately half of new construction and fluorescent retrofit high-bay installations. To meet this need, Cree, Inc. (NASDAQ: CREE) is expanding its industrial lighting portfolio with the new LXB Series Linear High-Bay luminaires. The LXB Series features best-in-class performance including enha
Sep 26, 2018 09:00 am ET
Cree Launches Industry’s Highest Efficacy 90 CRI Chip-on-Board LEDs
Cree, Inc. (Nasdaq: CREE) announces the XLamp® eTone™ LEDs, a breakthrough set of chip-on-board (COB) LEDs that delivers beautiful 90 color rendering index (CRI) light quality at the same efficacy as today’s standard 80 CRI LEDs. Delivering up to 155 lumens per watt (LPW) at 3000K CCT, 85°C, Cree’s new eTone COB LEDs provide the highest efficacy available in the industry compared to competing COB LEDs of the same size and color. The enhanced performance of these new LEDs can radically transform the output, efficacy and size
Sep 25, 2018 09:00 am ET
Dance Biopharm Holdings announces the appointment of Anne Whitaker as Chief Executive Officer
Dance Biopharm Holdings Inc. ("Dance"), a private biotechnology company focused on developing transformational healthcare solutions to treat diabetes and other serious chronic diseases, is pleased to announce that Anne Whitaker has been appointed...
Aug 31, 2018 08:20 am ET
Detailed Research: Economic Perspectives on Hub Group, Coty, Cree, Nelnet, SeaWorld Entertainment, and Cowen Group — What Drives Growth in Today's Competitive Landscape
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Hub Group, Inc. (NASDAQ:HUBG), Coty Inc. (NYSE:COTY), Cree, Inc....
Aug 29, 2018 07:30 am ET
Report: Developing Opportunities within Cree, ArcBest, Syros Pharmaceuticals, Aegion, Adecoagro S.A, and Nevsun Resources — Future Expectations, Projections Moving into 2018
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Cree, Inc. (NASDAQ:CREE), ArcBest Corporation (NASDAQ:ARCB), Syros...
Aug 22, 2018 09:00 am ET
Cree Optimizes LED Technology for the Connected Lighting Future
Cree, Inc. (Nasdaq: CREE) announces the XLamp® XP-G3 S Line LED, an extension of the industry-leading XLamp XP-G3 LED that is optimized for the connected lighting future. With the XP-G3 S Line, Cree delivers high-power LED technology optimized for long-lifetime, high-power general lighting applications where sensors and the internet of things (IoT) are becoming common, such as commercial indoor, parking, industrial and roadway.
Aug 22, 2018 07:59 am ET
Cree Announces Pricing of $500 Million Convertible Senior Notes Offering
Cree, Inc. (NASDAQ: CREE) (“Cree”) today announced the pricing of $500 million aggregate principal amount of its 0.875% Convertible Senior Notes due 2023 (the “Notes”) in a private offering (the “Offering”) to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). In addition, Cree has granted the initial purchasers of the Notes an option to purchase, for settlement within a 13-day period from, and including, the date on which the Notes are first issued, up to an additional $75
Aug 20, 2018 04:44 pm ET
Cree Announces Offering of $500 Million of Convertible Senior Notes
Cree, Inc. (NASDAQ: CREE) (“Cree”) today announced that it intends to offer, subject to market conditions and other factors, $500 million aggregate principal amount of its Convertible Senior Notes due 2023 (the “Notes”) in a private offering (the “Offering”) to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). In addition, Cree expects to grant the initial purchasers of the Notes an option to purchase, for settlement within a 13-day period from, and including, the date on wh
Aug 14, 2018 04:01 pm ET
Cree Reports Financial Results for the Fourth Quarter and Fiscal Year 2018
Cree, Inc. (Nasdaq: CREE) today announced revenue of $409 million for its fourth quarter of fiscal 2018, ended June 24, 2018. This represents a 14% increase compared to revenue of $359 million reported for the fourth quarter of fiscal 2017, and a 15% increase compared to the third quarter of fiscal 2018. GAAP net loss for the fourth quarter was $33 million, or $0.33 per diluted share, compared to GAAP net loss of $6 million, or $0.06 per diluted share, for the fourth quarter of fiscal 2017. On a non-GAAP basis, net income for the fourth quarter
Aug 07, 2018 09:00 am ET
Aug 01, 2018 09:00 am ET
New Wolfspeed Silicon Carbide Semiconductors First to Meet Automotive AEC-Q101 Standards
Wolfspeed, A Cree Company and leader in silicon carbide (SiC) power products, announces E-Series™, a new family of robust SiC semiconductor devices for the Electric Vehicle (EV) and renewable energy markets that delivers the highest available power density and durability for on-board automotive power conversion systems, off-board charging, solar inverters and other outdoor applications. Wolfspeed’s E-Series family is the first commercial family of SiC MOSFETs and diodes to be automotive AEC-Q101 qualified and PPAP capable. The designa
Jul 26, 2018 08:20 am ET
Consolidated Research: 2018 Summary Expectations for South Jersey Industries, Cedar Realty Trust, Antares Pharma, Q2, Cree, and HCI Group — Fundamental Analysis, Key Performance Indications
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of South Jersey Industries, Inc. (NYSE:SJI), Cedar Realty Trust, Inc....
Jul 23, 2018 04:01 pm ET
Cree Names Neill Reynolds as CFO
Cree, Inc. (Nasdaq: CREE) announces the appointment of Neill Reynolds as chief financial officer (CFO), effective Aug. 27. Reynolds will succeed Mike McDevitt at that time, per the transition plan announced in June.
Jul 17, 2018 09:00 am ET
Cree Improves XLamp XP-G2 LED Performance with New High Efficacy Version
Cree, Inc. (Nasdaq: CREE) announces the new High Efficacy (HE) version of the XLamp® XP-G2 LED that delivers improved performance compared to standard XP-G2 LEDs, with higher output and greater efficiency to enable smaller, lighter, lower-cost designs. The original XLamp XP-G2 LED pioneered a broad set of LED applications for the industry, including outdoor and area lighting, and has since served as a preferred choice by manufacturers that require superior output, efficacy and optical control. The new XP-G2 HE extends this legacy with
Jun 07, 2018 04:01 pm ET
Cree Announces CFO Transition Plan
Cree, Inc. (Nasdaq: CREE), a technology market leader, today announced that Executive Vice President and Chief Financial Officer (CFO) Mike McDevitt will retire from his executive positions following a transition period. Mr. McDevitt intends to stay on until a successor is appointed, and thereafter will remain available as a consultant to the Company to ensure a seamless transition of leadership responsibilities.
Jun 06, 2018 09:00 am ET
Wolfspeed’s Expanded Portfolio Delivers Superior Solutions for Telecom and Radar Markets
Wolfspeed, A Cree Company (Nasdaq: CREE), today announced new LDMOS and GaN HEMT product offerings that enable smaller systems with greater reliability and efficiency. Wolfspeed’s recent acquisition of the Infineon RF power business expanded its product portfolio, accelerating the company’s progress in developing innovations for telecommunications and aerospace/defense applications.
Jun 04, 2018 09:00 am ET
Cree’s Wolfspeed Technology Moves Electric Vehicle Market to the Fast Lane with Newest 1200V SiC MOSFET
Wolfspeed, A Cree Company (Nasdaq: CREE), today announced a performance breakthrough in the ability to power the drivetrain of electric vehicles (EVs) using its new third generation 1200V SiC MOSFET family. This switching device, which enables high-voltage power conversion, solidifies the company’s leadership in solutions for the EV ecosystem. The development brings increased efficiency to the drivetrain while lowering system costs, paving the way for longer driving range and better overall EV performance for consumers.
May 08, 2018 09:00 am ET
Cree Brings Highest Reliability to Broadest Family of Metal COB LED Designs
Cree, Inc. (Nasdaq: CREE) announces an expansion of the XLamp® High Current LED Array family with new CMT LEDs that extend Cree’s latest metal-based chip-on-board (COB) LED technology to the most prevalent COB form factors. In addition to providing up to 45 percent more lumen density and up to 17 percent higher efficacy, all Cree® XLamp High Current LED Arrays feature an innovative metal substrate technology that delivers higher reliability than competing metal COBs. With more than 6,000 hours of LM-80 data available, the e
May 03, 2018 09:00 am ET
Cree Expands SmartCast Intelligence Platform
As buildings become increasingly more connected through the Internet of Things (IoT), owners and operators require an intuitive platform for their building intelligence solutions. To meet this need, Cree, Inc. (Nasdaq: CREE) is expanding its SmartCast Intelligence Platform™ to include connected wireless capabilities that enable smart building solutions, such as building automation and control network (BACnet) connectivity, advanced lighting control, and building analytics. In addition, Cree is announcing a new collaboration with Synap
Apr 24, 2018 04:01 pm ET
Cree Reports Financial Results for the Third Quarter of Fiscal Year 2018
Cree, Inc. (Nasdaq: CREE) today announced financial results for its third quarter of fiscal 2018, ended March 25, 2018. Revenue for the third quarter of fiscal 2018 was $356 million, which represents a 4% increase compared to revenue of $342 million for the third quarter of fiscal 2017. GAAP net loss for the third quarter of fiscal 2018 was $241 million, or $2.40 per diluted share, which includes impairment charges of $247.5 million attributable to Cree’s Lighting Products segment. This compares to a GAAP net loss of $99 million, or $1.02 per di
Apr 17, 2018 09:00 am ET
Apr 12, 2018 09:00 am ET
Cree Licenses GaN Power Patents to Nexperia
Cree, Inc. (NASDAQ: CREE) announces that it signed a non-exclusive, worldwide, royalty-bearing patent license agreement with Nexperia BV, a Dutch company. The agreement provides Nexperia access to Cree’s extensive gallium nitride (GaN) power device patent portfolio, which includes over 300 issued U.S. and foreign patents that describe inventive aspects of high electron mobility transistor (HEMT) and GaN Schottky diode devices. The portfolio addresses novel device structures, materials and processing improvements, and packaging technology. The
Mar 06, 2018 09:01 am ET
Cree Acquires Infineon RF Power Business
Cree, Inc. (NASDAQ: CREE) has acquired assets of Infineon Technologies AG (FSE: IFX)(OTCQX: IFNNY) Radio Frequency (RF) Power Business for approximately € 345 million. The transaction expands the Cree Wolfspeed business unit’s wireless market opportunity. Infineon continues to drive key growth areas such as electro-mobility, autonomous driving, renewables and technologies for a connected world. The transaction has closed and is effective today.
Feb 26, 2018 08:00 am ET
Cree, Inc. Announces Long-Term Silicon Carbide Wafer Supply Agreement with Infineon
Cree, Inc. (Nasdaq:CREE) announces that it signed a strategic long-term agreement to produce and supply its Wolfspeed™ silicon carbide (SiC) wafers to Infineon Technologies AG (FSE:IFX) (OTCQX:IFNNY). The agreement governs Cree’s supply of advanced 150 mm SiC wafers to Infineon, which will broaden Infineon’s product offering to address today’s high-growth markets, such as photovoltaic inverters and electro mobility.
Feb 19, 2018 12:00 pm ET
Cree Names Thomas Wessel as Senior Vice President of Global Sales and Marketing
Cree, Inc. (Nasdaq: CREE) announces the appointment of Thomas Wessel as senior vice president of global sales and marketing, effective Feb. 19, 2018. In this role, Wessel will report to Gregg Lowe and oversee sales and marketing for the Wolfspeed™ power and radio frequency (RF) and Cree LED components businesses.
Feb 15, 2018 07:30 am ET
Research Report Identifies Umpqua, Westrock, Globus Medical, Procter & Gamble, ACADIA Pharmaceuticals, and Cree with Renewed Outlook — Fundamental Analysis, Calculating Forward Movement
NEW YORK, Feb. 15, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Umpqua Holdings Corporation (NASDAQ:UMPQ), Westrock Company...
Feb 13, 2018 09:00 am ET
Cree, Inc. to Host Investor Day Presentation on Monday, February 26, 2018
Cree, Inc. (Nasdaq: CREE) will host an Investor Day on Monday, Feb. 26, 2018 at 9:00 a.m. ET in New York City. The event will feature presentations on the Company’s strategy and long-term financial outlook.
Jan 23, 2018 04:01 pm ET
Cree Reports Financial Results for the Second Quarter of Fiscal Year 2018
Cree, Inc. (Nasdaq: CREE) today announced financial results for its second quarter of fiscal 2018, ended December 24, 2017. Revenue for the second quarter of fiscal 2018 was $368 million, which represents an 8% decrease compared to revenue of $401 million for the second quarter of fiscal 2017 and a 2% increase compared to the first quarter of fiscal 2018. GAAP net income for the second quarter of fiscal 2018 was $14 million, or $0.14 per diluted share. This compares to GAAP net income of $6 million, or $0.06 per diluted share, for the second qua
Jan 16, 2018 09:00 am ET
Dec 06, 2017 09:00 am ET
Cree Launches Industry’s First Extreme Density LED
Cree, Inc. (Nasdaq: CREE) announces the commercial availability of the XLamp® XD16 LED, the industry’s first Extreme Density LED, which delivers up to 5 ½ times higher lumen density than Cree’s previous generation of high power LEDs. Built on Cree’s groundbreaking NX Technology Platform, the XD16 LED combines breakthrough lumen density, low optical cross-talk, unsurpassed thermal contact and ease of system manufacturing to enable innovative new designs for a broad spectrum of lighting applications, such as color-tuning, street, portab
Nov 30, 2017 08:10 am ET
Report: Developing Opportunities within Procter & Gamble, ACADIA Pharmaceuticals, Cree, Umpqua, Westrock, and Globus Medical — Future Expectations, Projections Moving into 2018
NEW YORK, Nov. 30, 2017 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of Procter & Gamble Company (NYSE:PG),...
Nov 07, 2017 09:00 am ET
Cree Launches Market-Leading KBL LED High-Bay Series
Cree, Inc. (Nasdaq: CREE) announces the KBL LED High-Bay Series, the perfect solution for industrial, retail, civic and athletic venues with dramatically reduced glare for a safer, more productive work environment. The new high-bay is a standout performer in both efficacy and quality, engineered to deliver maximum savings and industrial-strength performance with up to 150 lumens per watt (LPW) and a payback as fast as 1.5 years.
Oct 17, 2017 04:01 pm ET
Cree Reports Financial Results for the First Quarter of Fiscal Year 2018
Cree, Inc. (Nasdaq: CREE) today announced financial results for its first quarter of fiscal 2018, ended September 24, 2017. Revenue for the first quarter of fiscal 2018 was $360 million, which represents a 3% decrease compared to revenue of $371 million for the first quarter of fiscal 2017 and a slight increase compared to the fourth quarter of fiscal 2017. GAAP net loss for the first quarter of fiscal 2018 was $20 million, or $0.20 per diluted share. This compares to GAAP net income of $566 thousand, or $0.01 per diluted share, for the first qu
Oct 10, 2017 09:00 am ET
Oct 04, 2017 09:00 am ET
New Cree XLamp High Current LEDs Expand Industry’s Broadest Chip-on-Board LED Portfolio
Cree, Inc. (Nasdaq: CREE) announces a new family of XLamp® CMA High Current LED Arrays that provide the industry’s best lumen density and efficacy for metal-based chip-on-board (COB) LEDs. Optimized for operation at high drive currents, the CMA LEDs deliver up to 2 ½ times the lumen density of Cree’s Standard Density CXA2 LEDs. The new CMA LEDs are compatible with the existing ecosystem of holders and optics for the CXA2 LED family, enabling lighting manufacturers to boost the lumen output of their products with minimal redesign.
Oct 18, 2016 10:31 am ET
Learn how to target a 20% return on GoPro, or get option-trade ideas on Yahoo!, Cree, Acacia Communications and Celgene or any stock you choose
CHICAGO, Oct. 18, 2016 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for ACIA, CELG, CREE, GPRO, and YHOO.
Jul 14, 2016 06:54 am ET
Infineon to acquire Wolfspeed for US Dollar 850 million in cash
MUNICH and DURHAM, N.C., July 14, 2016 /PRNewswire/ -- Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) and Cree, Inc. (Nasdaq: CREE) announced today that Infineon has entered into a definitive agreement to acquire the Wolfspeed Power and RF division ("Wolfspeed") of Cree. The deal also includes the related SiC wafer substrate business for power and RF power. The purchase price for this planned all-cash transaction is US Dollar 850 million (approximately Euro 740 million). This acquisition will enable Infineon to provide the broadest offering in compound semiconductors and will further str
Apr 14, 2016 12:06 pm ET
Shareholder Alert: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Cree, Inc. (CREE)
NEW YORK, April 14, 2016 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Cree, Inc. ("Cree" or the "Company") (NASDAQ: CREE). Such investors are advised to contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz at [email protected] or 212-697-6484.

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