|Bid||44.54 x 800|
|Ask||44.57 x 1800|
|Day's Range||44.17 - 44.85|
|52 Week Range||38.67 - 69.21|
|Beta (3Y Monthly)||0.86|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jan 28, 2020 - Feb 3, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||47.20|
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Cree is building a $1 billion semiconductor factory in Marcy, near Utica. The company has already started hiring for jobs upstate.
Cree is making a $1 billion bet that the electric vehicle market will boom. And if it does, the company will produce a crucial piece of technology for EVs at its new factory near Utica.
Cree's CEO was in Utica this week to check on progress for the $1 billion silicon carbide factory. The company already has people working at SUNY Poly in Albany, and it recently posted more jobs.
For the second time in two days, Cree has announced a major supply deal. Tuesday, it was an extension of an agreement with STMicroelectronics first inked in January, increasing it from $250 million to $500 million. In an interview following the announcement, Cree CEO Gregg Lowe called it “the largest materials deal in the history of silicon carbide.” “What I think it is a sign of is an acceleration of the adoption of silicon carbide in the high voltage power market,” he says.
Cree, Inc. (CREE) and STMicroelectronics (STM), a global semiconductor leader serving customers across the spectrum of electronics applications, announced today the expansion and extension of an existing multi-year, long-term silicon carbide wafer supply agreement to more than $500 million. The extended agreement is a doubling in value of the original agreement for the supply of Cree’s advanced 150mm silicon carbide bare and epitaxial wafers to STMicroelectronics over the next several years. The increased wafer supply enables the semiconductor leaders to address the rapidly growing demand for silicon carbide power devices globally, particularly in automotive and industrial applications.
DURHAM, N.C.-- -- Enables Cree to broaden its customer base, delivering silicon carbide to high-power applications in power grids, train, traction and e-mobility sectors Accelerates market entry of ABB’s Power Grids business into the high-growth electric vehicles sector Cree, Inc. , the global leader in silicon carbide technology, and ABB’s Power Grids business have announced a partnership to jointly ...
A German automotive supplier’s decision to sign a “strategic partnership” is a “big win” for Cree, says Gregg Lowe, CEO.
ZF Friedrichshafen AG and Cree, Inc. (CREE), a US leader in silicon carbide semiconductors, announce a strategic partnership to create industry-leading, highly efficient electric drivelines. With this strategic partnership, ZF and Cree are intensifying their existing cooperation. “We're delighted that we're building on our cooperation with Cree using their Wolfspeed silicon carbide technology and are absolutely convinced that combining our strengths will further improve efficiency and competitive edge for our components and systems,” says Jörg Grotendorst, Head of the ZF E-Mobility Division.
Guest column: Cree’s decision to build a plant near Utica is a validation of the economic development strategy that New York state has pursued for over two decades under a bipartisan succession of governors, write two scholars who have studied the nanotech industry in New York.
Cree in late September announced it will build a $1 billion, 480,000-square-foot plant near Utica to make silicon carbide semiconductors. The state will provide $500 million in grants toward the project, in return for Cree's promise to create more than 600 jobs.
“As we significantly increase our capacity, we are bound to face manufacturing challenges,” he told analysts.
Cree (CREE) delivered earnings and revenue surprises of 40.00% and 1.13%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
Cree, Inc. today announced revenue of $242.8 million for its first quarter of fiscal 2020, ended September 29, 2019. This represents an 11% decrease compared to revenue of $274.2 million reported for the first quarter of fiscal 2019, and a 3% decrease compared to the fourth quarter of fiscal 2019.
Cree (CREE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Cree, Inc. , the global leader in silicon carbide technology, will conduct a conference call with analysts to discuss its first quarter fiscal 2020 results and business outlook on October 30, 2019, at 5:00 p.m.
Cree last month announced it plans to build a $1 billion, 480,000-square-foot plant near Utica to make semiconductors for use in electric vehicles and other applications. It's getting a head start on the work at SUNY Poly in Albany.
Decades before Cree Inc. decided to invest $1 billion in upstate New York, one of the Albany region's most prominent businessmen, Walt Robb, helped its founders get the money for their first plant.
Cree, Inc. , the global leader in silicon carbide semiconductor technology, today announced it will host an Investor Day on Wednesday, Nov. 20, 2019 at the Grand Hyatt Hotel in New York City.
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Cree originally planned to expand at its headquarters in Durham, North Carolina. Here's why its CEO says the tech manufacturer decided to shift part of the plan to upstate New York.