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…
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…
Revenue from continuing operations for the third quarter of fiscal 2019 was US$274 million, which represents a 22% on-year increase. The company announced on March 14, 2019 a definitive agreement to sell the Lighting Products business to IDEAL Industries. As…
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…
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…
(3/6 Reuters) U.S.-based Cree said on Tuesday that it had acquired most of Infineon’s Radio Frequency Power Business for around 345 million euros (307.40 million pounds). The deal, which has already closed, will expand the Cree Wolfspeed business unit, which…
The US government has scuttled another technology business deal as Cree will not sell the Wolfspeed silicon carbide (SiC) power and RF business to Infineon Technologies. Presumably, national security concerns are behind the cancellation. For now, Cree plans to operate…