Cree, Inc.

Cree, Inc.

Cree, Inc.

Overview
Date Founded

1987

Headquarters

4600 Silicon Drive, Durham, NC, 27703, USA

Type of Company

Public

Employees (Worldwide)

5,319

Industries

Semiconductors
IT Consulting & Services
Appliances & Electronics
Electrical Products
Computer Software
Computer Hardware

Company Description

Cree is leading the LED lighting revolution and making energy-wasting traditional lighting technologies obsolete through the use of energy-efficient, environmentally friendly LED lighting. Cree is a market-leading innovator of lighting-class LEDs, LED lighting, and semiconductor solutions for wireless and power applications. Cree's product families include LED fixtures and bulbs, blue and green LED chips, high-brightness LEDs, lighting-class power LEDs, power-switching devices and radio-frequency/wireless devices. Cree solutions are driving improvements in applications such as general illumination, backlighting, electronic signs and signals, variable-speed motors, and wireless communications. - See more at: http://investor.cree.com/#sthash.coNhHmzK.dpuf

Contact Data
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Executives & Employees

Director, President & Chief Executive Officer

Chief Financial Officer & Executive Vice President

Secretary, Senior Vice President-Legal & General Counsel

Vice Chairman-Lighting

Head of Talent Management

Senior Vice President & General Manager-Wolfspeed

General Manager-Commercial Lighting

Shift Lead

Head of Advanced Technology

Board of Directors

Limited Partner at Lead Edge Capital Management LLC

Director, President & Chief Executive Officer at Cree, Inc.

Director & Founding Member at Sunflower Mission

Chief Executive Officer & Director at Leesa Sleep LLC

Former Chief Executive Officer/Chairman of the Board/Director at Intrinsyc Technologies Corp.

Chief Executive Officer at Dance Biopharm Holdings, Inc.

Partner, Managing Member, Chief Compliance Officer at Rubicon Technology Management LLC

Chief Financial Officer at Automation Anywhere, Inc.

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Cree, Inc.
Owners & Shareholders
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Coatue Management manages client accounts in accordance with a long/short investment strategy. They invest primarily in US and non-US publicly traded equity securities and equity-related securities, such as equity swaps and options. The firm also invests in US and non-US private companies for certain clients. Coatue Management concentrates largely on certain sectors, including the global technology, media, telecommunications, and some healthcare and consumer sectors, and may also focus on companies in the mobile internet, cloud computing, machine learning, mobile gaming, user-generated content and aspects of the sharing economy and Chinese internet sectors. Their investment approach is based on fundamental research. They invest long and also engage in short selling for certain strategies.

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FCM manages equity portfolios generally on a fully discretionary basis. The firm constructs equity portfolios with two approaches: growth and value. Their strategies include small cap growth; capital appreciation; mid-cap growth; smid-cap research; and small-cap value. FCM's investment philosophy for all of their strategies is based on the belief that active, fundamental research adds value to the investment process. Their investment process is collaborative with investment professionals generating new investment ideas as well as perform due diligence on stocks owned in the portfolios. In identifying new investment opportunities, they use a range of sources, such as industry and equity conferences, research and trade publications and internal meetings with management teams or on-site research. FCM conducts regular research meetings to debate new ideas and consider the merits of the underlying investment thesis in addition to regular interaction on a less formal basis. The firm prefers to buy quality companies that are out of favor for short-term reasons, rather than the current market favorites.

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Iridian Asset Management is an independently owned, value-oriented investment management firm focused on active equity investment strategies for institutional investors, including foundations and endowments, corporate and public pension funds, sub-advised and Taft Hartley funds. As of September 30, 2012, assets under management totalled $7.7 billion in U.S. mid-cap, large-cap and small-cap equity strategies. Iridian was founded in 1996 by David Cohen and Harold Levy, two seasoned investment professionals who have worked side-by-side in the investment industry for over 20 years. Our unique "private business value" approach to investing, which drives our mid-cap and large-cap strategies, has its roots in their early investment careers, which encompassed direct experience in private equity, venture capital, distressed debt and bankruptcy takeovers. In analyzing investment opportunities, our founders learned the importance of focusing on cash-related metrics and in-depth, critical assessment of a company's management — two key factors that have been fundamental in shaping a shared and distinctive investment philosophy. In December 2009, the co-portfolio management team of Jordan D. Alexander and Stephen A. Friscia, Jr. joined Iridian to manage a Small-Cap Value strategy. Jordan and Stephen have worked together since 1998 and have co-managed small cap value strategies as a team since 2000. Today, Iridian is built around a collaborative team of experienced investment professionals managing a range of traditional investment strategies for institutional investors.

Recent Transactions
Details Hidden

Cree, Inc. purchases Infineon Technologies AG /Rf Power Business from Infineon Technologies AG

Details Hidden

Cree, Inc. purchases Arkansas Power Electronics International, Inc. resulting in a new company Cree Fayetteville, Inc.

Details Hidden

Cree, Inc. purchases Ruud Lighting, Inc.

Insider Transactions
Details Hidden
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Transaction Advisors
Investment Advisor

Advised onCree, Inc. purchases COTCO Luminant Device Ltd. from COTCO Holdings Ltd.

Accountant

Advised onCree, Inc. purchases COTCO Luminant Device Ltd. from COTCO Holdings Ltd.

Underwriter

Advised onCree, Inc. issued USD Common Stock

Legal Advisor

Advised onCree, Inc. purchases COTCO Luminant Device Ltd. from COTCO Holdings Ltd.

Firm Chair

Advised onCree, Inc. purchases Ruud Lighting, Inc.

Legal Advisor

Advised onCree, Inc. purchases COTCO Luminant Device Ltd. from COTCO Holdings Ltd.

Advisors & Consultants
Legal Advisor

Partner at Davis Polk & Wardwell LLP

Advisor

Former Managing Director at Morgan Keegan & Co., Inc. (Old)

Clients

Arrow Electronics is a global provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions, with 2011 sales of $21.4 billion. Arrow serves as a supply channel partner for more than 120,000 original equipment manufacturers, contract manufacturers and commercial customers through a global network of more than 390 locations in 53 countries. A Fortune 200 company with 15,700 employees worldwide, Arrow brings technology solutions to a breadth of markets, including telecommunications, information systems, transportation, medical, industrial and consumer electronics.

One of the world's largest trans-national electronics distributors of electronic parts, enterprise computing and storage products and embedded subsystems, Avnet provides a vital link in the technology supply chain. Market needs and trends drive Avnet's product and services strategy, supported by a global infrastructure. Avnet brings a breadth and depth of service capabilities, such as supply-chain and design-chain services, logistics solutions, product assembly, device programming, computer system configuration and integration, and technical seminars - all in addition to its core distribution services. Through its innovative and entrepreneurial spirit, and its passion for customer service, Avnet assures customers and suppliers that they have chosen the right partner to accelerate their success

ON Semiconductor (Nasdaq: ONNN) is driving innovation in energy efficient electronics, empowering design engineers to reduce global energy use. The company offers a comprehensive portfolio of energy efficient power and signal management, logic, discrete and custom solutions to help customers solve their unique design challenges in automotive, communications, computing, consumer, industrial, LED lighting, medical, military/aerospace and power supply applications. ON Semiconductor operates a responsive, reliable, world-class supply chain and quality program, and a network of manufacturing facilities, sales offices and design centers in key markets throughout North America, Europe, and the Asia Pacific regions. Global corporate headquarters are in Phoenix, Arizona. The company operates a network of manufacturing facilities, sales offices, and design centers in key markets throughout North America, Europe, and the Asia Pacific regions. Revenue totaled $3.442 billion in 2011

Key Stats and Financials As of 2019
Market Capitalization
$6.67B
Total Enterprise Value
$5.24B
Earnings Per Share
$-2.98
Revenue
$1.08B
Total Equity
$2.04B
Total Debt
$469M
Net Profit
$-309M
EBITDA
$138M
EBITDAMargin
12.77%
Enterprise Value Sales
4.85x
Enterprise Value EBITDAOperating
38.01x
TEVNet Income
-16.97x
Debt TEV
0.09x
Three Year Compounded Annual Growth Rate Of Revenue
-12.58%
Five Year Compounded Annual Growth Rate Of Revenue
-8.1%
Non-Profit Donations & Grants
Investments
Details Hidden

Kyma Technologies, Inc. produces and markets semiconductor products. It products include materials, equipment, devices, and sensors. The company was founded in 1998 and is headquartered in Raleigh, NC.

Investors
Details Hidden

The United States Department of Energy (DOE) is a Cabinet-level department of the United States government concerned with the United States' policies regarding energy and safety in handling nuclear material.The Department is under the control and supervision of a United States Secretary of Energy, a political appointee of the President of the United States. The Energy Secretary is assisted in managing the Department by a United States Deputy Secretary of Energy, also appointed by the President, who assumes the duties of the Secretary in his absence. The Department also has three Under Secretaries, each appointed by the President, who oversee the major areas of the Department's work. The President also appoints eight officials with the rank of Assistant Secretary of Energy who have line management responsibility for major organizational elements of the Department.

Suppliers
Mersen SA Wholesale: Consumer Durables | Courbevoie, France

Mersen SA provides materials and solutions for extreme environments as well as in the safety and reliability of electrical equipment. The firm designs solutions to address its client's specific needs to enable them to optimize their manufacturing process in the sectors such as energy, transportation, electronics, chemical, pharmaceutical and process industries. It operates its business through two segments: Advanced Materials & Technologies and Electrical Components & Technologies. The Advanced Materials & Technologies segment markets a range of graphite and metal equipment catering to highly exacting industrial environments. The Electrical Components & Technologies segment markets components and systems for distributing and controlling energy. The company was founded on January 1, 1937 and is headquartered in Courbevoie, France.

Intematix Corp. Chemicals | Fremont, California

Intematix Corp. develops and manufactures phosphor solutions. Its products include phosphor materials and phosphor solutions. The firm provides blue light down selection access to the entire color spectrum, regardless of the manufacturer of the underlying blue LED chip. The company was founded by Yi-Qun Li and Xiao-Dong Xiang in March 2000 and is headquartered in Fremont, CA.

FormFactor Beaverton, Inc. Industrial Machinery & Manufacturing | Beaverton, OR

FormFactor Beaverton, Inc. designs, develops and manufactures instruments for measuring and testing of electricity and electrical signals. The firm markets wafer probing, thermal solutions for the electrical measurement and testing of advanced semiconductor devices, which include integrated circuits and chips. The company was founded by Eric W. Strid and K. Reed Gleason in 1983 and is headquartered in Beaverton, OR.

Competitors
Corning, Inc. Other Manufacturing - Corning, NY

Corning Incorporated is the world leader in specialty glass and ceramics. Drawing on more than 160 years of materials science and process engineering knowledge, Corning creates and makes keystone components that enable high-technology systems for consumer electronics, mobile emissions control, telecommunications, and life sciences. We also serve customers in specialty materials industries, including Ophthalmics. Corning’s operations in India are represented by Corning Technologies India Private Limited. Through our office in Gurgaon, we offer our customers world class products and service which includes access to our vast global technical resources, applications engineering support, after sales support, and increasingly, locally stocked products

Microchip Technology Inc. Semiconductors - Chandler, AZ

Microchip Technology Inc. is a leading provider of microcontroller and analog semiconductors, providing low-risk product development, lower total system cost and faster time to market for thousands of diverse customer applications worldwide. Headquartered in Chandler, Arizona, Microchip offers outstanding technical support along with dependable delivery and quality.

Qorvo, Inc. Semiconductors - Greensboro, NC

Qorvo, Inc. engages in the provision of core technologies and radio frequency solutions for mobile, infrastructure, and aerospace or defense applications. It operates through the following reportable segments: Mobile Products and Infrastructure & Defense Products. The Mobile Products segment supplies of RF solutions that perform various functions in the increasingly complex cellular radio front end section of smartphones and other cellular devices. The Infrastructure & Defense Products segment supplier of RF solutions that support diverse global applications, including ubiquitous high-speed network connectivity to the cloud, data center communications, rapid internet connectivity throughout the home and workplace, and upgraded military capabilities across the globe. The firm's products include amplifiers, control products, discrete transistors and integrated circuits, filters and duplexers, frequency converters, integrated modules, optical components, oscillators, passives and switches. The company was founded on December 13, 2013 and is headquartered in Greensboro, NC.

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