- American City Business Journals•3 days ago
The company had announced in July it would be selling the power and radio-frequency subsidiary to German semiconductor manufacturer Infineon. Cree announced Thursday that it would keep Wolfspeed in-house. Both Cree and Infineon retracted their request to clear the deal, he says, adding that the company “greatly regret[s]” the outcome.
- The Wall Street Journal•4 days ago
Cree and Infineon Technologies have called off the $850 million deal over Cree’s Wolfspeed unit, saying they couldn’t resolve regulators’ national security concerns.
- Reuters•4 days ago
U.S. LED lighting maker Cree Inc said it would terminate a deal to sell its Wolfspeed Power and RF division to German chipmaker Infineon Technologies AG , citing security concerns raised by the U.S. government. Cree and Infineon have not been able to identify alternatives to address the security concerns, Cree said on Thursday. Infineon, which agreed to buy Wolfspeed in July last year for $850 million, said earlier in the day that it did not expect to be able to salvage the purchase.
CREE : Summary for Cree, Inc. - Yahoo Finance
Cree, Inc. (CREE)
NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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|Bid||26.40 x 300|
|Ask||29.50 x 200|
|Day's Range||25.94 - 26.55|
|52 Week Range||20.75 - 32.92|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||-715.95|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|