United States

Profile: Cree Inc (CREE.O)

CREE.O on Nasdaq

22 Oct 2018
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$1.81 (+5.07%)
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Cree, Inc., incorporated on July 14, 1987, is a manufacturer of lighting-class light emitting diode (LED) products, lighting products and semiconductor products for power and radio-frequency (RF) applications. The Company's products are focused for applications, such as indoor and outdoor lighting, video displays, transportation, electronic signs and signals, power supplies, inverters and wireless systems. The Company has three segments: Lighting Products, LED Products, and Power and RF Products. The Company's Lighting Products segment offers LED lighting systems and bulbs. The Company's LED Products segment offers LED components, LED chips and silicon carbide (SiC) materials. The Company's Power and RF Products segment offers power devices and RF devices.

Lighting Products

The Company designs, manufactures and markets lighting systems for indoor and outdoor applications, with a focus on LED lighting systems for the commercial, industrial and consumer markets. Lighting products are marketed to distributors, retailers and direct customers. The Company's portfolio of lighting products is designed for use in various settings, such as office and retail space, restaurants and hospitality, schools and universities, manufacturing, healthcare, airports, municipal, residential, street lighting and parking structures, among other applications.

The Company competes with Acuity Brands, Inc., Eaton Corporation plc, General Electric Company, Hubbell Incorporated, Koninklijke Philips Electronics N.V. (Philips) and OSRAM Opto Semiconductors GmbH (OSRAM).

Light Emitting Diode Products

The Company offers LED chips, LED components and SiC materials. The Company's LED chip products include blue and green LED chips based on gallium nitride (GaN) and related materials. LED chips or die are solid state electronic components used in a number of applications and are available in a range of brightness levels, wavelengths (colors) and sizes. The Company uses LED chips in the manufacturing of its LED components. Customers use blue and green LED chips in a range of applications, including video screens, gaming displays, function indicator lights and automotive backlights, headlamps and directional indicators. The Company's LED components include a range of packaged LED products, from XLamp LED components and LED modules for lighting applications to LED components. Its XLamp LED components and LED modules are lighting class packaged LED products designed to serve a range of lighting applications, including general illumination (both indoor and outdoor applications), portable, architectural, signal and transportation lighting. The Company uses its XLamp LED components in its own lighting products. It also sells XLamp LED components externally to customers and distributors for use in a range of products, primarily for lighting applications.

The Company's high-brightness LED components consist of surface mount and through-hole packaged LED products. The Company's SMD LED component products are available in a range of colors for a range of markets, including video, signage, general illumination, transportation, gaming and specialty lighting. The Company's through-hole packaged LED component products are available in a range of colors primarily designed for the signage market and provide users with color and brightness consistency. The Company's SiC materials are focused for customers to manufacture products for RF, power switching, gemstones and other applications. Corporate, government and university customers also buy SiC materials for research and development directed at RF and high power devices. The Company sells SiC materials in bulk form, as a bare wafer and with SiC or GaN epitaxial films.

The Company competes with Nichia Corporation, OSRAM, Philips, Samsung LED Company, Toyoda Gosei Co., Ltd., Sanan Optoelectronics Co., Ltd, Lumileds Holding B.V., Epistar Corporation, Dow Corning, II-VI Advanced Materials, SiCrystal and Nippon Steel.

Power and Radio-Frequency Products

The Company's SiC-based power products include Schottky diodes, SiC metal semiconductor field-effect transistors (MOSFETs), and SiC power modules at various voltages. Power products are sold primarily to customers and distributors for use in power supplies used in computer servers, solar inverters, uninterruptible power supplies, industrial power supplies and other applications. The Company's RF products include a range of GaN high electron mobility transistors (HEMTs) and monolithic microwave integrated circuits (MMICs), which serve military, telecom and other commercial applications. The Company also provides custom die manufacturing for GaN HEMTs and MMICs.

The Company competes with Infineon Technologies AG, Microsemi Corporation, Mitsubishi Electric Corporation, Rohm Co. Ltd., STMicroelectronics, Inc., M/A-COM Technology Solutions Inc., Sumitomo Electric Device Innovations, Inc. and Qorvo, Inc.

Company Address

Cree Inc

4600 Silicon Dr
DURHAM   NC   27703
P: +1919.4075300
F: +1919.3135558

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