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Company:
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CREE, INC. (CREE)
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Form Type:
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8-K
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Filing Date:
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4/2/2020
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CIK:
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0000895419
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Address:
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4600 SILICON DR
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City, State, Zip:
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DURHAM, North Carolina 27703
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Telephone:
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(919) 407-5300
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Fiscal Year:
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06/27
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Last Trade
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Last Trade:
$106.61
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Change:
-4.51 (-4.06%)
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Trade Time:
04:00 PM EST
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Market Cap:
$11.76B
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Description of Business
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Cree, Inc. (Cree, we, our, or us) is an innovator of wide bandgap semiconductor
products for power and radio-frequency (RF) applications, lighting-class light
emitting diode (LED) products, and lighting products. Our products are targeted
for applications such as transportation, power supplies, inverters, wireless
systems, indoor and outdoor lighting, electronic signs and signals and video
displays. As discussed more fully below, we operate in three reportable
segments: Wolfspeed, LED Products, and Lighting Products.
Our Wolfspeed segment's products consists of silicon carbide (SiC) and gallium
nitride (GaN) materials, power devices and RF devices based on silicon (Si) and
wide bandgap semiconductor materials. Our materials products and power devices
are used in solar, electric vehicles, motor drives, power supplies and
transportation applications. Our materials products and RF devices are used in
military communications, radar, satellite and telecommunication applications.
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