2019-01-10

Cree Optimizes LED Technology to Improve Connected Lighting System

Connected LED lighting with intelligent applications has been a leading trend in the lighting industry. In order to enhance the connected system, global leading LED provider Cree has developed an advanced LED portfolio to fulfill the requirement of connected lighting. LEDinside was pleased to share some insights from Paul Scheidt, Product Marketing Manager at Cree. Paul Scheidt talked about how the connected system might influence the performance of LEDs and how Cree optimizes its LED product lines to tackle the issues. (Image: Cree) Scheidt pointed ...
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2019-01-08

STMicroelectronics Teams up Cree for Silicon Carbide Wafer Supply

Cree announces that it signed a multi-year agreement to produce and supply its Wolfspeed® silicon carbide (SiC) wafers to STMicroelectronics. Based on the agreement, Cree will supply its 150mm silicon carbide bare and epitaxial wafers which valued US$ 250 million to STMicroelectronics. “ST is the only semiconductor company with automotive-grade silicon carbide in mass production today, and we want to press forward to grow our SiC business both in terms of volume and breadth of applications served, targeting leadership in a market estimated at more than US$3...
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2018-12-28

2018 Year-End Industry Review: Things You Can’t Miss About the Big Names

There have been ups and downs in the LED industry in 2018. New technologies have continued to evolve while many leading industry players have made critical decisions to cut off old business. LEDinside has selected some significant updates of the influential companies in the industry to wrap up the year. Philips Lighting becomes Signify As one of the most famous lighting brands in the world, Philips Lighting officially changed its name to Signify in 2018. The company announced the name change plan as a gesture to transform the company. It has started to use the new na...
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2018-12-18

Cree Changes Head of Its LED Business Unit

The U.S.-based LED giant Cree has adjusted its management team. After the new CFO and chairman were appointed and the new members of the board of directors were elected in the six months, the head of the LED division has stepped down, reported Triangle Business Journal. The executive vice president and general manager of Cree’s LED business unit, David Emerson, has left the position. Claude Demby, formerly senior vice president of strategy and corporate development, took over the duty. (Image: Cree) The company has been through a shuffle in the sen...
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2018-11-29

Cree Releases New Lighting System FLEX Series LED Troffer

Cree introduced a new lighting system which enables limitless lighting design for architects and lighting specialists. According to Cree, its FLEX Series LED Troffer offers an opportunity to LED replacement as recessed fluorescent troffers comprise 50 percent of all luminaires used in the U.S. commercial market, according to the Department of Energy. The FLEX Series LED Specification troffer, featured with its slim luminaire style, offers design flexibility to fits different ceiling type. With five customizable inner-optic choices, architects and designers ...
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2018-10-25

Cree Announces New Chairman

Cree has announced the results of its annual shareholders meeting including the appointment of a new chairman and two newly elected members to the board of directors.
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2018-10-17

Cree Announces Quarterly Financial Results and Supplies Its Wolfspeed Wafers to a Semiconductor Company

Cree has announced its financial results for the first quarter of fiscal 2019 and unveiled that the company will supply its Wolfspeed silicon carbide wafers to one of the world leading power device companies.
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2018-10-05

Products Releases: New Linear Fixtures from Cree and Low Glare Luminaires of LEDVANCE

Cree continues to expand its industrial lighting portfolio and has announced the launch of its new LXB Series Linear High-Bay luminaires. LEDVANCE, on the other hand, has debuted a low glare luminaires for replacing conventional fluorescent lighting. 
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2018-09-27

Cree Introduces New COB LEDs with Highest CRI in the Industry

Cree has released the XLamp® eTone™ LEDs, a new set of chip-on-board (COB) LEDs that delivers 90 color rendering index (CRI) light quality with the same efficacy as the standard 80 CRI LEDs.
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2018-09-10

The Deficit of LED Lighting Pushes International Brands to Cut off Their Lighting Business

The market scale of LED lighting has continued to grow with the driving forces from the emerging market and the transition of traditional lighting to LED lighting. The expanding market has attracted many companies to join, leading to escalating competition and sliding profit. Many LED companies have thus decided to quit their lighting business or to reorganize their strategies. 
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2018-08-23

New LED Products Release: Cree Debuts Packaged LED for IoT Applications and Tridonic Introduces New Generation LED Modules

Cree has launched XLamp XP-G3 LED S Line, an optimized version of its series for the applications of connected lighting. On the other hand, Tridonic has released its fifth generation 5 LLE module featuring high efficacy.
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2018-08-21

Cree Offers US$500 Million Convertible Senior Notes

Cree announced that the company intends to offer US$500 million aggregate principal amount of its Convertible Senior Notes due 2023 in a private offering to qualified institutional buyers. In addition, the initial purchasers of the Notes will be granted by Cree an option to purchase up to an additional US$75 million aggregate principal amount of the Notes, for settlement within a 13-day period from, and including, the date on which the Notes are first issued.
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2018-08-15

Cree Announces Financial Results for Its Fiscal Year 2018

Cree has reported a revenue of US$409 million for its fourth quarter of fiscal 2018, ended June 24, 2018 with an increase of 14% YoY and 15% QoQ. The revenue for the whole fiscal year was US$ 1.49 billion, which represents a 1% increase YoY. 
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2018-07-26

The Reactions of LED Companies on Tariff

The tariff imposed on Chinese imported products to the U.S. was effective since July 6th. Previously the U.S. government has announced that the U.S. will enforce 25 percent tariffs on 818 Chinese goods which are in total worth about US$34 billion. And on July 10th, the Trump administration proposed additional tariffs on US$200 billion worth of Chinese goods.
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2018-07-24

Cree Appoints Neill Reynolds as New CFO

Cree has reported the assignment of the company’s new CFO, Neill Reynold. The appointment will be effective on August 27th 2018. Reynolds will succeed Mike McDevitt at that time, per the transition plan announced in June.
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2018-05-10

Cree Brings Highest Reliability to Broadest Family of Metal COB LED Designs

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.
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2018-05-07

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 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.
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2018-04-28

Cree Reports Financial Results for the Third Quarter of Fiscal Year 2018

Cree, Inc. on April 25 announced financial results for its third quarter of fiscal 2018, ended March 25, 2018.
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2018-04-19

[Heads up] Cree, Inc. Announces 2018 Third Quarter Earnings Release Webcast

Cree, Inc. Announces 2018 Third Quarter Earnings Release Webcast
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2018-04-13

Cree Licenses GaN Power Patents to Nexperia

Cree, Inc. announces that it signed a non-exclusive, worldwide, royalty-bearing patent license agreement with Nexperia BV, a Dutch company.
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2018-03-07

Cree Acquires Infineon RF Power Business for € 345 Million

Cree, Inc. has acquired assets of Infineon Technologies AG Radio Frequency (RF) Power Business for approximately € 345 million. The transaction expands the Cree Wolfspeed business unit’s wireless market opportunity.
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2018-02-27

Cree Announces Long-Term Silicon Carbide Wafer Supply Agreement with Infineon

Cree announces that it signed a strategic long-term agreement to produce and supply its Wolfspeed silicon carbide (SiC) wafers to Infineon Technologies AG
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2018-01-24

Cree Reports Financial Results for the Second Quarter of Fiscal Year 2018

Cree yesterday announced financial results for its second quarter of fiscal 2018, ended December 24, 2017.
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2018-01-18

[Heads up] Cree, Inc. Announces 2018 Second Quarter Earnings Release Webcast

Cree, Inc. Announces 2018 Second Quarter Earnings Release Webcast
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2017-12-07

Cree Launches Industry’s First Extreme Density LED

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.
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2017-11-08

Cree Launches KBL LED High-Bay Series for Safer Work Environments

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. 
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2017-11-07

[Legal News] Philips Dismisses Lawsuit Against RAB Lighting, While Cree Settles Case with MaxBrite

Philips Lighting dismisses an infringement claim filed with the U.S. International Trade Commission against RAB Lighting. Cree and MaxBrite announced in a report filed in the U.S. District Court the settlement of the patent infringement lawsuit Cree instituted in November last year.
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2017-10-19

New Cree Guidance Speculated to Exit Consumer Lighting and Emphasize RF Solutions

Cree on October 17 released a webcast reporting its 1Q18 financial results. The next-day financial report showed a decrease of 3% YoY in the LED chip maker’s revenue. Gregg Lowe, Cree CEO, stated with faith that the company will implement new strategies in the next few months. Cree is speculated to invest heavily in its chip business and to exit the consumer lighting market. Its stock jumped 16% on Wednesday after the new CEO announced the new guidance. 
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2017-10-18

Cree Reports Financial Results for the First Quarter of Fiscal Year 2018

Cree yesterday 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. 
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2017-10-16

Cree, Inc. Announces 2018 First Quarter Earnings Release Webcast

Cree, Inc. Announces 2018 First Quarter Earnings Release Webcast
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TSLC Corporation, a subsidiary of SemiLEDs, launched sampling of its tri-color Mini LED series, targeted to provide LED display manufacturers with surface-mounting (SMT) compatible devices. The first product in the tri-color multi pixel series... READ MORE

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