News Article

Tax Credits Shield Battling Cree

The US chip maker fights to improve its fortunes, with weak operating income, flat revenues and increased costs causing short-term pain for long-term gain.

LED, power and communication chip manufacturer Cree has announced $21.1 million net profit in its third-quarter 2007 results, with $20.9 million of credits for interest and tax benefits masking an operating income of only $206,000.

Satisfied that this performance was expected, Cree CEO Chuck Swoboda said that the company was in “a strong position" particularly after completing the purchase of the Hong Kong based LED producer COTCO.

CS International to return to Brussels – bigger and better than ever!


The leading global compound semiconductor conference and exhibition will once again bring together key players from across the value chain for two-days of strategic technical sessions, dynamic talks and unrivalled networking opportunities.


Join us face-to-face between 28th – 29th June 2022

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