2019-10-31

Cree Announces Fiscal 1Q20 Financial Results with Continuous Transformation

Cree announced the results of its fiscal 1Q20 ended September 29, 2019. For the fiscal quarter, Cree registered a revenue of US$242.8 million, which represents an on-year decrease of 11% and a 3% decrease compared to the previous quarter. GAAP net loss from continuing operations for the first quarter was $37.8 million compared to GAAP net loss from continuing operations of $0.8 million for the first quarter of fiscal 2019. On a non-GAAP basis, net loss from continuing operations for the first quarter of fiscal 2020 was $3.6 million. The company has sold its light...
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2019-08-21

Cree Announces Fiscal 4Q19 and 2019 Financial Results with Increasing Wolfspeed Business

Cree posted financial results of its fourth quarter of fiscal 2019 and the whole fiscal year. For fiscal 4Q19 which ends on June 30, 2019, Cree registered a revenue of US$251.2 million for its fourth quarter of fiscal 2019, down by 5% YoY and 8% QoQ. GAAP net loss from continuing operations for the fourth quarter was US$34.6 million, or US$0.33 per diluted share. On a non-GAAP basis, net income from continuing operations for the fourth quarter of fiscal 2019 was US$11.5 million, or US$0.11 per diluted share, compared to non-GAAP net income from continuing o...
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2019-08-07

Cree to Provide Its Silicon Carbide Wafers to ON Semiconductor based on Multi-Year Supply Agreement

Cree and ON Semiconductor announced the execution of a multi-year agreement where Cree will produce and supply its Wolfspeed silicon carbide wafers to ON Semiconductor. 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. “ON Semiconductor continues to be a leader in driving the development of energy efficient innovations and devices,” said ON Semico...
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2019-05-02

Cree Announces Financial Report for Its Fiscal 3Q19 with Focus on Wolfspeed Business

Cree 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 US$274 million, which represents a 22% on-year increase. GAAP net loss from continuing operations for the third quarter of fiscal 2019 was US$22 million, or US$0.22 per diluted share. On a non-GAAP basis, net income from continuing operations for the third quarter of fiscal 2019 was US$20 million, compared to non-GAAP net income from continuing operations for the third quarter of fiscal 2018 of US$17...
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2019-01-31

Cree Releases Increased Revenue for Its Fiscal 2Q19 Despite Global Trade Tension

Cree announced its financial results for the second quarter of fiscal 2019, ended December 30, 2018. Revenue for the second quarter of fiscal 2019 was US$413 million, up by 12% YoY. GAAP net loss for the second quarter of fiscal 2019 was US$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 second quarter of fiscal 2019 was $23 million, or $0.23 per diluted share, compared to non-GAAP net loss for the second quarter of...
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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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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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2017-09-13

Cree’s Wolfspeed Launches Next Generation GaN HEMTs with Unmatched Efficiency

Wolfspeed, a Cree Company and a leading global supplier of GaN-on-SiC high electron mobility transistors (HEMTs) and monolithic microwave integrated circuits (MMICs), has introduced a new series of 28V GaN HEMT RF power devices. These new devices are capable of higher frequency operation to 8GHz with increased efficiency and higher gain as well as best-in-class reliability. RF design engineers are now able to build more efficient broadband power amplifiers for commercial and military wireless communications and radar applications.
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2017-05-16

Wolfspeed Achieves Industry’s First All-SiC 1.2kV power Module Reliability Benchmark for Harsh Environment Operation

Wolfspeed, a Cree Company and a leader in silicon carbide (SiC) power products, extends its leadership in SiC power device technology with the release of the industry’s first power module that passes the harsh environment qualification test for simultaneous high-humidity, high-temperature and high-voltage conditions.
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2017-02-17

Cree Announces Termination of Wolfspeed and Infineon Sale Transaction

Cree today announced that it will terminate the definitive agreement to sell its Wolfspeed Power and RF division (“Wolfspeed”), which includes the silicon carbide substrate business for power, RF and gemstone applications, to Infineon Technologies AG.
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2016-07-15

[Breaking News] Cree Sells Wolfspeed for $850M to Infineon

Cree, a market leader in LED lighting, today announced execution of a definitive agreement to sell its Wolfspeed Power and RF division (“Wolfspeed”), which includes the silicon carbide substrate business for power, RF and gemstone applications, to Infineon Technologies AG for $850 million in cash. 
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2016-05-05

Wolfspeed Unveils New SpeedFit Online Circuit Simulation Tool to Help Accelerate SiC Device Evaluation and Adoption

Wolfspeed, A Cree Company, a leading global supplier of silicon carbide (SiC) power products — including best-in-class SiC MOSFETs, Schottky diodes, and modules — has introduced a free online circuit simulation tool that allows power electronics design engineers to simulate and evaluate the performance of SiC-based power circuits, and to aid in the selection of the optimum SiC devices for each application.   
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2016-02-04

Gruppo PBM Uses Wolfspeed SiC Power Devices to Improve Battery Charger Performance

Wolfspeed, A Cree Company, announced today that Gruppo PBM, a leader in industrial battery chargers, is using Wolfspeed™ SiC MOSFETs in its new HF9 battery charger family to enable higher efficiency and power density at a lower overall system cost.
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2016-01-20

Cree Moves Back Wolfspeed IPO

Leading U.S. LED company Cree will be setting back the spinout of its radio frequency and power product businesses, the company CEO Chuck Swoboda told analysts Tuesday.
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2015-11-09

Wolfspeed and Lockheed Martin Co-developed ‘Space Fence’ Passes Initial Test

Cree’s fully owned subsidiary Wolfspeed, and Lockheed Martin have jointly developed a special chip to help track down space debris including remains of satellites orbiting the earth, reported Triangle Business Journal.
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2015-09-23

[Update] Cree Co-founder on RF and Power Business New Brand Identity and Market Trends

Leading U.S. LED manufacturer Cree announced earlier this month, it will be rebranding its power and RF business as Wolfspeed. In an exclusive interview with LEDinside analyst and assistant manager Joanne Wu, Cree co-founder and CTO John Palmour spoke about the company’s rebranding strategy and current trends in the Radio Frequency (RF) and power market.
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2015-09-03

Cree Rebrands Power and RF Business as Wolfspeed

Cree, a leader in silicon carbide (SiC) power products and gallium nitride (GaN) radio frequency (RF) devices, today announced that Wolfspeed is the new name for the Power and RF division of Cree. The company announced in May that it would separate the business into a standalone company.
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