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Cree, Inc. (CREE)

45.56 0.11(0.24%) Aug 29, 4:00PM EDT
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Cree, Inc.
4600 Silicon Drive
Durham, NC 27703
United States - Map
Phone: 919-407-5300
Fax: 919-313-5558

Index Membership:N/A
Industry:Semiconductor Equipment & Materials
Full Time Employees:7,130

Business Summary 

Cree, Inc. develops, manufactures, and sells lighting-class light emitting diode (LED), lighting, and semiconductor products for power and radio-frequency (RF) applications in the United States, China, Europe, South Korea, Japan, Malaysia, Taiwan, and internationally. The company’s LED Products segment provides blue and green LED chips that are used in various applications, including video screens, gaming displays, function indicator lights and automotive backlighting, headlamps, and directional indicators; LED components comprising packaged LED products for lighting applications, and surface mount and through-hole packaged LED products for video, signage, general illumination, transportation, gaming, and specialty lighting applications; and silicon carbide (SiC) materials, which are used in manufacturing products for RF, power switching, gemstone, and other applications. Its Lighting Products segment offers LED and traditional lighting systems for use in settings, such as office and retail space, restaurants and hospitality, schools and universities, manufacturing, healthcare, airports, municipal, residential, street lighting, parking structures, and other applications. This segment sells its products to distributors, retailers, and customers. The company’s Power and RF Products segment provides SiC-based power products, such as Schottky diodes, SiC metal semiconductor field-effect transistors, and SiC power modules that are used in power supplies in computer servers, solar inverters, uninterruptible and industrial power supplies, and other applications; and RF devices, including a range of GaN high electron mobility transistors (HEMTs) and monolithic microwave integrated circuits (MMICs) for military, telecom, and other commercial applications, as well as provides foundry services for GaN HEMTs and MMICs that allow customers to design their own custom RF circuits. Cree, Inc. was founded in 1987 and is headquartered in Durham, North Carolina.

Key Statistics

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Corporate Governance 
Cree, Inc.’s ISS Governance QuickScore as of Sep 1, 2014 is 9. The pillar scores are Audit: 1; Board: 7; Shareholder Rights: 9; Compensation: 8.
Brought to you by Institutional Shareholder Services (ISS)

Key Executives 
Mr. Charles M. Swoboda , 47
Chairman, Chief Exec. Officer and Pres
Mr. Michael E. McDevitt , 50
Chief Financial Officer and Exec. VP
Dr. Alan J. Ruud , 67
Vice Chairman of Lighting and Director
Mr. Tyrone D. Mitchell Jr., 47
Exec. VP of Lighting
Mr. Norbert W. G. Hiller , 54
Exec. VP of Leds
Amounts are as of Dec 31, 2013 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
Currency in USD.
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