News Article

Cree On Track With 4-inch Wafer Transition

The LED and SiC component manufacturer is to increase research and development spending, as growth in solid-state lighting applications offsets the impact of the recession.

Cree has posted solid financial results for the opening quarter of 2009, and says that it is on schedule with a move to producing its LEDs from 4-inch wafers.

The Durham, NC, firm, which also produces SiC-based microelectronic devices and LED lighting fixtures, saw net revenues for its third quarter climb 5 percent year-on-year to $131 million.

And although sales in the three months to March were down on the quarter immediately prior to that, CEO Chuck Swoboda said that growing demand for solid-state lighting had offset the predictably weak market for LED chips in automotive and consumer applications.

Cree remains enviably debt-free and profitable, delivering net earnings of $4 million in the latest quarter and increasing liquid assets on its balance sheet to some $405 million.

Swoboda added that the company now plans to increase research and development spending, primarily on LED products, and also provided an update on its transition to manufacturing on 4-inch SiC substrates.

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

  • View the agenda.
  • 3 for the price of 1. Register your place and gain complementary access to TWO FURTHER industry leading conferences: PIC International and SSI International.
  • Email info@csinternational.net  or call +44 (0)24 7671 8970 for more details.

*90% of exhibition space has gone - book your booth before it’s too late!

Register


×
Search the news archive

To close this popup you can press escape or click the close icon.
×
Logo
×
Register - Step 1

You may choose to subscribe to the Compound Semiconductor Magazine, the Compound Semiconductor Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in:
 
Live Event