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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…
Cree Announces Financial Report for Its Fiscal 3Q19 with Focus on Wolfspeed Business
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 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…
Cree Changes Head of Its LED Business Unit
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…
Cree Acquires Infineon RF Power Business for 345 Million Euros
(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…
Cree Cancels Wolfspeed Deal with Infineon Based on US Government Concerns
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…
Wolfspeed Sets a New Standard for Power Electronics with All-SiC High Performance Half-Bridge Power Module & Gate Driver Combination
Wolfspeed, A Cree Company, and a leading global supplier of silicon carbide (SiC) power products, has introduced the first fully-qualified commercial power module from its Fayetteville, Arkansas location. The high-performance 62mm module represents a new generation of all-SiC power modules…
