Cree Inc.

Last updated
Cree, Inc.
Type Public
Industry Electronics
Founded1987
Headquarters Research Triangle Park, North Carolina, United States
Products Light-emitting diodes
RevenueIncrease2.svg US $1.080 billion (2019)
Increase2.svg US $925 million (2018) [1]
US$ 124 million (Fiscal Year 2014) [2]
Number of employees
6,387 [3]
Website cree.com

Cree, Inc. is an American manufacturer and marketer of semiconductors.

Contents

History

Cree's high-power LEDs, XLamp 7090 XR-E Q4 High-power light emitting diodes cree xlamp 7090 xr-e q4.jpg
Cree's high-power LEDs, XLamp 7090 XR-E Q4
A Cree 9.5 watt 800 lumen dimmable lamp bulb, with 2700 K color temperature, introduced in March 2013 Cree 800 lumen LED 2700K.jpg
A Cree 9.5 watt 800 lumen dimmable lamp bulb, with 2700 K color temperature, introduced in March 2013

Cree was founded in July 1987 in Durham, North Carolina. Five of the six founders – Neal Hunter, Thomas Coleman, John Edmond, Eric Hunter, John Palmour and Calvin Carter – are graduates of North Carolina State University. [4] The company was known for lighting-class LEDs, lighting products, and products for power and radio frequency (RF) applications. Most of its products are based on silicon carbide (SiC), a mineral compound which early Cree researchers successfully synthesized in a laboratory.

In 1983, the founders – one a research assistant professor and the others student researchers – were seeking ways to leverage the properties of silicon carbide to enable semiconductors to operate at higher operating temperatures and power levels. [4] They also knew silicon carbide could serve as the diode in light-emitting diode (LED) lighting, a light source first demonstrated in 1907 with an electrically charged diode of SiC.

The research team devised a way to grow silicon crystals in the laboratory, and in 1987 founded a company, Cree Research, Inc., to produce SiC and exploit its usage commercially in both semiconductors and lighting. The founders raised money to establish office and laboratory facilities and entered a period of steady technological advancements. [4]

In 1989, the company introduced the world's first blue LED, which enabled the development of large, full-color video screens and billboards. [4]

In 1991, Cree released the world's first commercial silicon carbide wafer. [4]

In 1993, Cree launched an initial public offering.

In 1999, the company name was changed from Cree Research to Cree, Inc. [5]

In 2011 Cree acquired Ruud Lighting, a national firm experienced in the use of LED for outdoor lighting. This expanded Cree sales channels and led to a new generation of lighting-class LED components. [6]

In 2012 Cree announced the XLamp XT-E, which was claimed to deliver twice as much light for the same price as older LEDs. [7]

In 2013, Cree's first consumer products, two household LED bulbs qualified for Energy Star rating by the United States Environmental Protection Agency. [8]

In July 2016, German chip maker Infineon Technologies AG said it agreed to buy Cree's Wolfspeed business unit (RF and power electronics devices) for $850 million in cash. [9] However, the deal was called off in February 2017 after the companies were unable to resolve regulators’ national security concerns. [10]

In March 2018, Cree announced the acquisition of Infineon Technologies AG's RF Power Business for €345 million. [11]

In May 2019, Cree Inc. closed on the sale of their Cree Lighting Products division to Ideal Industries Inc. [12]

In October 2020, Cree Inc. announced the sale of their LED Business to SMART Global Holdings for up to $300 million. [13] this lead to a January 2021 announcement of a name change to Wolfspeed, reflecting its change in emphasis from LED lighting to semiconductors. [14]

See also

Related Research Articles

Light-emitting diode Semiconductor and solid state light source

A light-emitting diode (LED) is a semiconductor light source that emits light when current flows through it. Electrons in the semiconductor recombine with electron holes, releasing energy in the form of photons. The color of the light is determined by the energy required for electrons to cross the band gap of the semiconductor. White light is obtained by using multiple semiconductors or a layer of light-emitting phosphor on the semiconductor device.

A semiconductor device is an electronic component that relies on the electronic properties of a semiconductor material for its function. Semiconductor devices have replaced vacuum tubes in most applications. They use electrical conduction in the solid state rather than the gaseous state or thermionic emission in a vacuum.

Fairchild Semiconductor American integrated circuit manufacturer

Fairchild Semiconductor International, Inc. was an American semiconductor company based in San Jose, California. Founded in 1957 as a division of Fairchild Camera and Instrument, it became a pioneer in the manufacturing of transistors and of integrated circuits. Schlumberger bought the firm in 1979 and sold it to National Semiconductor in 1987; Fairchild was spun off as an independent company again in 1997. In September 2016, Fairchild was acquired by ON Semiconductor.

Silicon carbide extremely hard semiconductor containing silicon and carbon

Silicon carbide (SiC), also known as carborundum, is a semiconductor containing silicon and carbon. It occurs in nature as the extremely rare mineral moissanite. Synthetic SiC powder has been mass-produced since 1893 for use as an abrasive. Grains of silicon carbide can be bonded together by sintering to form very hard ceramics that are widely used in applications requiring high endurance, such as car brakes, car clutches and ceramic plates in bulletproof vests. Electronic applications of silicon carbide such as light-emitting diodes (LEDs) and detectors in early radios were first demonstrated around 1907. SiC is used in semiconductor electronics devices that operate at high temperatures or high voltages, or both. Large single crystals of silicon carbide can be grown by the Lely method and they can be cut into gems known as synthetic moissanite.

Nick Holonyak

Nick Holonyak Jr. is an American engineer and educator. He is noted particularly for his 1962 invention of a light-emitting diode (LED) that emitted visible red light instead of infrared light; Holonyak demonstrated the LED on October 9, 1962 while working at General Electric's research laboratory in Syracuse, New York. He is a John Bardeen Endowed Chair Emeritus in Electrical and Computer Engineering and Physics at the University of Illinois at Urbana-Champaign, where he has been since leaving General Electric in 1963.

Cypress Semiconductor American semiconductor company.

Cypress Semiconductor Corporation is an American semiconductor design and manufacturing company. It offered NOR flash memories, F-RAM and SRAM Traveo microcontrollers, the industry's only PSoC programmable system-on-chip solutions, analog and PMIC Power Management ICs, CapSense capacitive touch-sensing controllers, Wireless BLE Bluetooth Low-Energy and USB connectivity solutions. In June 2019, Infineon Technologies announced it would acquire Cypress for $9.4 billion. The deal closed in April 2020, making Infineon one of the world's top 10 semiconductor manufacturers.

Infineon Technologies Semiconductor manufacturing company

Infineon Technologies AG is a German semiconductor manufacturer founded in 1999, when the semiconductor operations of the former parent company Siemens AG were spun off. Infineon has about 46,665 employees and is one of the ten largest semiconductor manufacturers worldwide. It is market leader in automotive and power semiconductors. In fiscal year 2020, the company achieved sales of €8.6 billion. Infineon bought Cypress in April 2020.

Shuji Nakamura Inventor of the blue LED, 2014 Nobel laureate in Physics

Shuji Nakamura is a Japanese-born American electronic engineer and prolific inventor specializing in the field of semiconductor technology, professor at the Materials Department of the College of Engineering, University of California, Santa Barbara (UCSB), and is regarded as the inventor of the blue LED, a major breakthrough in lighting technology. Together with Isamu Akasaki and Hiroshi Amano, he is one of the three recipients of the 2014 Nobel Prize for Physics "for the invention of efficient blue light-emitting diodes, which has enabled bright and energy-saving white light sources". In 2015, his input into commercialization and development of energy-efficient white LED lighting technology was recognized by the Global Energy Prize.

Silicon Image

Silicon Image is a provider of semiconductors for the mobile, consumer electronics and personal computers (PCs). It also manufactures wireless and wired connectivity products used for high-definition content. The company’s semiconductor and IP products are deployed by the electronics manufacturers in devices such as smartphones, tablets, monitors, digital televisions (DTVs), other consumer electronics, as well as desktop and notebook PCs. Silicon Image, in cooperation with other companies, has driven the creation of some global industry standards such as DVI, HDCP, HDMI, MHL, and WirelessHD.

Broadcom Inc. American semiconductor company

Broadcom Inc. is an American designer, developer, manufacturer and global supplier of a wide range of semiconductor and infrastructure software products. Broadcom's product offerings serve the data center, networking, software, broadband, wireless, and storage and industrial markets.

ON Semiconductor American integrated circuit manufacturer

ON Semiconductor is a semiconductors supplier company, formerly in the Fortune 500, but dropping into the Fortune 1000 in 2020. Products include power and signal management, logic, discrete, and custom devices for automotive, communications, computing, consumer, industrial, LED lighting, medical, military/aerospace and power applications. ON Semiconductor runs a network of manufacturing facilities, sales offices and design centers in North America, Europe, and the Asia Pacific regions. Headquartered in Phoenix, Arizona, ON Semiconductor has revenues of $3.907 billion (2016), which puts it among the worldwide top 20 semiconductor sales leaders.

Osram Opto Semiconductors GmbH

OSRAM Opto Semiconductors GmbH of Regensburg, Germany, a wholly owned subsidiary of Osram GmbH, is the world's second largest manufacturer of optoelectronic semiconductors after Nichia and followed third place by Cree Inc. One of the main products of the company are light-emitting diodes (LEDs), other products are high power laser diodes, infrared components and optical sensors. The company was founded in 1999 as a joint venture between Osram and Infineon Technologies.

Microsemi Corporation was an Aliso Viejo, California-based provider of semiconductor and system solutions for aerospace & defense, communications, data center and industrial markets.

Silicon Labs

Silicon Laboratories, Inc. is a fabless global technology company that designs and manufactures semiconductors, other silicon devices and software, which it sells to electronics design engineers and manufacturers in Internet of Things (IoT) infrastructure, industrial automation, consumer and automotive markets worldwide.

MACOM Technology Solutions

MACOM Technology Solutions is a developer and producer of radio, microwave, and millimeter wave semiconductor devices and components. The company is headquartered in Lowell, Massachusetts, and in 2005 was Lowell's largest private employer. MACOM is certified to the ISO9001 international quality standard and ISO14001 environmental standard. The company has design centers and sales offices in North America, Europe, Asia and Australia.

IXYS Corporation is an American company based in Milpitas, California. IXYS focuses on power semiconductors, radio-frequency (RF) power semiconductors, and digital and analog integrated circuits (ICs) In July 2013, IXYS announced the completion of acquisition for Samsung's 4-bit and 8-bit microcontroller line.

Infineon Technologies Austria

Infineon Technologies Austria is a group subsidiary of Infineon Technologies. It employs 3785 people in around 60 countries with a large proportion in research. In 2017 the company made a turnover of €2.5 billion. Its headquarters are in Villach, Austria.

References

  1. https://www.macrotrends.net/stocks/charts/CREE/cree/revenue
  2. Garrabrant, Raiford (2015-05-05). "Cree Reports Financial Results for the Fourth Quarter and Fiscal Year 2014" (PDF). Cree. Archived from the original (PDF) on 2016-03-03.
  3. "2015 Annual Report" (PDF). Annual reports. Cree. Retrieved 2016-05-27.[ permanent dead link ]
  4. 1 2 3 4 5 "Creating CREE". NC State Engineering Magazine (Spring 2010). 2010. Archived from the original on 2014-01-15. Retrieved 2016-05-27.
  5. "Cree proposes a public offering, changes name". Triangle Business Journal. Raleigh, NC: American City Business Journals. 2000-01-03. Retrieved 2016-05-27.
  6. Wright, Maury (2011-08-01). "Cree acquires lighting manufacturer Ruud and BetaLED subsidiary". LEDs Magazine. Retrieved 2016-05-27.
  7. Ranii, David (2012-02-08). "Cree launches another lower-cost LED". The News & Observer . Archived from the original on April 4, 2012. Retrieved 2012-02-08.
  8. Funk, John (October 10, 2013). "Cree's LED bulb now Energy Star, qualifies for up to $5 price cut". The (Cleveland) Plain Dealer. Retrieved 2013-10-10.
  9. By Friedrich Geiger and Eyk Henning, Wall Street Journal. "Infineon to Buy Cree's Wolfspeed Unit for $850 Million ." July 14, 2016.
  10. Armental, Maria (2017-02-16). "Cree and Infineon Call Off Wolfspeed Deal". WSJ. Retrieved 2017-06-08.
  11. "Cree Acquires Infineon's RF Business for €345 Million". everything RF.
  12. "Cree Closes on the Sale of Cree Lighting to IDEAL INDUSTRIES, Inc". www.cree.com. Retrieved 2020-01-01.
  13. "SMART Global Holdings to Acquire Cree's LED Business". www.cree.com. Retrieved 2020-10-19.
  14. Eanes, Zachary (January 28, 2021). "Cree is changing its name after pivoting away from LED lighting". News & Observer .