Cree LED Exhibiting with Marktech Optoelectronics at Photonics West Visit Cree LED at booth 239 during #SPIE Photonics West along with Marktech Optoelectronics, Inc., Jan. 31-Feb. 2 at Moscone Center, San Francisco. Our LED chip products will be featured, and staff will be on hand to meet customers and answer questions. Photonics West details and registration: https://spie.org/conferences-and-exhibitions/photonics-west LED Chips Cree LED offers a diverse portfolio of InGaN-based LED chips to meet a wide variety of requirements for blue,...

For many years, XLamp® XP-E2 LEDs have been the preferred LED choice for lighting manufacturers looking to combine different colors of light together to service specialty lighting applications. The XP-E2 platform offers an unbeatable combination of optical control, excellent light output and the ceramic high-power LED reliability that has made Cree LEDs famous. The XP-E2 LED family is now available in Photo Red (660 nm) and Far Red (730 nm) colors to deliver the family’s benefits to the LED horticulture lighting industry, with 68 percent higher ...

XLamp® XP-G3 LEDs are optimized for directional, high lumen lighting applications where efficacy and optical control are critical, such as roadway, portable and horticulture. The compact and proven 3.45 mm XP platform has an excellent ecosystem of optics and system solutions available, enabling lighting manufacturers to simplify their design process and shorten time to market. In addition to a broad portfolio of white options, XP-G3 LEDs are available in Royal Blue and Photo Red (660 nm) wavelengths for horticulture applications and deliver industry-leading effic...

Company Begins Trading Today Under New Ticker “WOLF” on NYSE   DURHAM, N.C. Oct. 4, 2021 – 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, m...

Durham, N.C. and Geneva, Aug. 17, 2021 — 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 milli...

Cree, Inc. (Nasdaq: CREE) 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 US$ 300 million, including fixed upfront and deferred payments and contingent consideration. Mark Adams, President and CEO of SMART Global Holdings has discussed their acquisition of Cree LED. Adams indicated that he was the former CEO at Lumileds and during his time there they started down the path looking at Cree. Cree is a...

After Philips and GE, Cree has also announced its permanent parting with LED and the lighting industry. Cree announced on October 20th that the company has reached a final agreement with SMART Global Holdings, Inc., and plans to sell its LED department (Cree LED) to SMART for US$300 million, which includes an advance of US$50 million, a deferred payment of US$125 million, and an earn-out of US$125 million. Cree commented that this transaction has further established the company’s strategic position by leading the industrial transformation...

Upon closing, creates a pure-play global semiconductor powerhouse focused on providing disruptive technology solutions to high-growth segments including EV, 5G and industrial applications Transaction represents a key milestone in Cree’s transformation to focus on silicon carbide and gallium nitride devices, as well as materials Consideration includes $50 million upfront payment; $125 million seller note and up to $125 million earn-out DURHAM, N.C. – Cree, Inc. (Nasdaq: CREE) today announced that the Company has entered into a definitive agree...

Cree announced financial results for the fourth quarter of fiscal 2020 ended June 28, 2020. The company posted revenues of US$205.7 million, representing an on-year drop of 18% compared to FY4Q19 and a 5% decrease compared to FY3Q20. The company also reported GAAP net loss of $39.5 million, or $0.36 per diluted share. On a non-GAAP basis, net loss was $20.0 million, or $0.18 per diluted share. For fiscal year 2020, Cree reported revenue of $903.9 million, down by 16%YoY and GAAP net loss of $191.7 million, or $1.78 per diluted share. On a non-GAAP ...

According to the analysis of LEDinside, demands of the European and the US horticultural lighting market grew steadily in 2019. Compared with other lighting applications, the horticultural lighting market demand in 2020 is still increasing in a stably. To learn more about the market, LEDinside had a talk with Paul Scheidt, Leader of Product Marketing at Cree, one of the leading industry suppliers of the market to learn how innovative LED technology supports current horticultural lighting applications. (Paul Scheidt, Leader of Product Marketing at Cree; image: C...

StarPower Semiconductor and Cree announced that China’s Yutong Group is using Cree’s silicon carbade devices in a module for the powertrain system of electric buses. The use of silicon carbide-based power solutions enable faster, smaller, lighter and more powerful electronic systems for commercial electric vehicles. Cree works jointly with StarPower to accelerate the commercial adoption of silicon carbide-based inverters in electric bus applications. Upon rollout, Yutong Group will deliver their first electric bus in China to use silicon carbide in its powert...

Cree announced the launch of its new SMD RGB LED product series, CV94D, for video wall, signage and color sign applications. According to Cree, the new LED product deliver high contrast and high quality image at different viewing angle from different distances. Featuring water resistance and containing UV inhibitor, these RGB LEDs are able to deliver stable light output over the lifetime and are suitable for outdoor applications. (Image: Cree) The new CV94D IP X8-rated enables the LED and its lenses to be directly exposed to the environment, wh...

In a report covered by Driving Vision News (DVN) in December 2019, we found that Valeo’s PictureBeam system was tested. The adaptive driving beam (ADB) system was co-developed by Valeo and Cree with a resolution of nearly 4000 pixels to deliver road marking functions. ADB system with high resolution is a trend for automotive lighting. Many automotive component manufacturers have teamed up with LED companies to develop LED array solutions based on Micro LEDs. The PictureBeam system created by Valeo and Cree is one of them. The two companies demonst...

Cree posted the financial results of the third quarter of its fiscal 2020, ended March 29, 2020. The company registered a revenue of US$215.5 million, representing an on-year decrease of 21% 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 US$61.6 million, or US$0.57 per diluted share. On a non-GAAP basis, net loss from continuing operations attributable to controlling interest for the third quarter of fiscal 2020 was US$15.5 million, or US$0.14 ...

As LED technology advances, lighting applications have evolved from general lighting to commercial and architectural lighting, realizing more possibilities with energy saving and other requirements. Architectural lighting is a field which many LED companies have been engaged. LEDinside interviewed CREE, one of the leading industry suppliers of the market to learn how innovative LED technology supports current architectural lighting applications. Paul Scheidt, Leader of Product Marketing at CREE, shared his insights and prospective towards the field. (Paul S...

Cree 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. Revenue for the third quarter of fiscal 2020 is expected to be approximately US$216 million, compared to US$274 million in the third quarter of fiscal 2019 and US$240 million in the second quarter of fiscal 2020. The Company expects GAAP net loss for the third quarter of fiscal 20...

Cree published the financial results for the second quarter of its Fiscal 2020 which ended December 29, 2019. The company registered revenues of US$239.9 million for the quarter which decreased by 14% YoY and 1% QoQ. GAAP net loss from continuing operations attributable to controlling interest for the second quarter was US$52.8 million. On a non-GAAP basis, net loss from continuing operations attributable to controlling interest for the second quarter of fiscal 2020 was $10.4 million. GAAP and non-GAAP net losses from continuing operations attributable to c...

Many companies of the LED industry initiated their organization or business restructuring since 2018 and their rebuilding have come to an end in 2019. In 2018, we have seen companies announcing sales of their old lighting business and diving into new areas. By the end of 2019, most of the companies are ready to enter a new page with the coming 5G connection and more. Again LEDinside would like to wrap up the year with some of the significant events in the past year. 1. Cree Concentrates on GaN-on-Sic Products, Cutting Lighting Business Cree has been shifting its...

Cree announced that it has extended its existing agreement with STMicroelectronics for silicon carbide supply with double value of the original agreement. In January 2019, Cree and STMicroelectronics revealed their long term partnership that Cree will provide its Wolfspeed silicon carbide wafers valued US$250 million to STMicroelectronics. The two companies now reported expansion and extension of the agreement to more than US$500 million. The increased wafer supply enables the semiconductor leaders to address the rapidly growing demand for silicon carbide power devi...

Cree announced that it will team up with ABB 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. (Image: Cree) Cree’s products will be included as part of ABB’s power semiconductor product portfolio, across power grids, train and tractio...

Cree reported its strategic partnership with German’s ZF Friedrichshafen for highly efficient electric drivelines development. With this strategic partnership, ZF and Cree are intensifying their existing cooperation. “We're delighted that we're building on our cooperation with Cree using their Wolfspeed silicon carbide technology and are absolutely convinced that combining our strengths will further improve efficiency and competitive edge for our components and systems,” said Jörg Grotendorst, Head of the ZF E-Mobility Division. (Ima...

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...

After selling the lighting business, Cree is accelerating its development in silicon carbide technology. The US firm announced the plan to establish a silicon carbide corridor on the East Coast of the United States with the creation of the world’s largest silicon carbide fabrication facility. Cree said it will build an automotive-qualified 200mm power and RF wafer fabrication facility in Marcy, New York, complemented by its mega materials factory expansion currently underway at its Durham headquarters. The new fabrication facility, part of a previously announce...

Delphi Technologies, an automotive propulsion technologies provider, and Cree will collaborate to utilize silicon carbide semiconductor device technology to enable faster, smaller, lighter and more powerful electronic systems for future electric vehicles (EV). Cree’s silicon carbide-based MOSFET (metal–oxide–semiconductor field-effect transistor) technology coupled with Delphi Technologies’ traction drive inverters, DC/DC converters and chargers will extend driving range and deliver faster charging times of EVs, while also lowering weight, con...

Facing the difficulties in the industry, global LED companies developed their strategies trying to keep their business prospering. LEDinside analyzed the different approaches of worldwide LED manufacturers. For Taiwanese LED manufacturers, Micro LED and Mini LED technologies have directed them into a new field where they have a better chance to rival with competitors from China and Korea. Korean and Japanese LED suppliers, on the other hand, target niche products for novel applications such as UV LEDs and LEDs with wavelengths that are similar to natu...

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...

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...

Cree announced an update to its financial guidance for the fourth quarter of fiscal 2019. The company modified its revenue forecast of fiscal 4Q19 to the range of US$245 million to 252 million from prior US$263 million to 271 million as the U.S. government put Huawei on a trade blacklist. Cree said the update of financial guidance is in response to the decision on May 15, 2019, by the Bureau of Industry and Security (BIS) of the U.S. Department of Commerce to add Huawei Technologies and 68 of its affiliates to the “Entity List” maintained by the U.S...

Cree announced that it 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 implement technical innovations more efficiently and effectively to realize global vehicle projects. As the Volkswagen Group aims to increase its electric vehicle production, the automobile manufacturer is seeking for effective network. “Our FAST partners are our strategic partners, each of them outstanding in their respective field. We want to shape the auto...

Cree announced that it has closed sale of its Lighting Products business unit (Cree Lighting) to Ideal Industries. The transaction includes the LED lighting fixtures, lamps and corporate lighting solutions business for commercial, industrial and consumer applications. Cree revealed the sales agreement of its lighting business with Ideal Industries in March. After selling Cree Lighting, the LED company announced its plan to invest US$ 1 billion to expand its silicon carbide capacity to meet the growing demand for silicon carbide and GaN-on-silicon-carbide technolog...