Speculating in Takeover Targets Message Board

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Strategies & Market Trends : Speculating in Takeover Targets

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Nov 3 3:55 PM EST

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To: richardred who wrote (4731)

2/11/2018 10:39:26 AM

From: richardred

1 Recommendation

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The Ox

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Top Power semiconductors/ MOSFET

eetimes.com

P.S. Niche

Cree’s growth in Wolfspeed Power & RF products and LED products offsets drop in Lighting revenue For fiscal second-quarter 2018 (ended 24 December 2017), Cree Inc of Durham, NC, USA has reported revenue of $367.8m, down 8% on $401.3m a year ago but up 2% on $360.4m last quarter - and exceeding the targeted $340-360m - driven by strong demand for Wolfspeed and LED Products.

Fiscal	Q2/2017	Q3/2017	Q4/2017	Q1/2018	Q2/2018
Revenue	$401m	$341.5m	$358.9m	$360.4m	$367.8m

Revenue for the Wolfspeed business (Power & RF devices and silicon carbide materials) was an above-target $70.6m (19% of revenue), up 7% on $66.2m (18% of revenue) last quarter and up 30% on $54.4m (14% of revenue) a year ago. “While we were capacity constrained during the quarter, we achieved the higher revenue by managing our front-end wafer factory capacity between Wolfspeed and LED production,” says chief financial officer Mike McDevitt.

semiconductor-today.com

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