CREE, INC. (NASDAQ:CREE) Files An 8-K Other Events
Item 8.01
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Other Events
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release providing an update regarding its definitive agreement to
sell its Wolfspeed Power and RF division, which includes the
silicon carbide substrate business for power, RF and gemstone
applications, to Infineon Technologies AG. The press release is
attached as Exhibit 99.1 and incorporated into this report by
reference.
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Item 9.01
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Financial Statements and Exhibits
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Exhibit No.
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Description of Exhibit
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99.1
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Press Release dated February 16, 2017
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About CREE, INC. (NASDAQ:CREE)
Cree, Inc. 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. 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. CREE, INC. (NASDAQ:CREE) Recent Trading Information
CREE, INC. (NASDAQ:CREE) closed its last trading session up +0.28 at 26.21 with 703,293 shares trading hands.