Cree, Inc. provides lighting-class light emitting diode (LED) products, lighting products and wide bandgap semiconductor products for power and radio-frequency (RF) applications. The company's products are targeted for applications, such as indoor and outdoor lighting, video displays, transportation, electronic signs and signals, power supplies, inverters and wireless systems. Segment The company operates in three segments, including Lighting Products, LED Products, and Power and RF Products. Lighting Products This segment primarily consists of LED lighting systems and bulbs. The company designs, manufactures, and sells lighting systems for indoor and outdoor applications, with its primary focus on LED lighting systems for the commercial, industrial and consumer markets. Lighting products are sold to distributors, retailers and direct to customers. The company's portfolio of lighting products is designed for use in settings, such as office and retail space, restaurants and hospitality, schools and universities, manufacturing, healthcare, airports, municipal, residential, street lighting and parking structures, among other applications. LED Products This segment includes LED chips, LED components and silicon carbide (SiC) materials. LED Chips: The company's LED chip products include blue and green LED chips based on gallium nitride (GaN) and related materials. LED chips or die are solid state electronic components used in various applications and are available in various brightness levels, wavelengths (colors) and sizes. The company uses its LED chips in the manufacturing of its LED components. Customers use its blue and green LED chips in various applications, including video screens, gaming displays, function indicator lights and automotive backlights, headlamps and directional indicators. Customers might also combine its blue LED chips with phosphors to create white LEDs, which are used in various applications for indoor and outdoor illumination and backlighting, full-color display screens, liquid crystal display (LCD) backlighting, white keypads and the camera flash function. LED Components: The company’s LED components include a range of packaged LED products, from its XLamp LED components and LED modules for lighting applications to its high-brightness LED components. Its XLamp LED components and LED modules are designed to meet a range of market needs for lighting applications, including general illumination (both indoor and outdoor applications), portable, architectural, signal and transportation lighting. The company uses its XLamp LED components in its own lighting products. It also sells XLamp LED components externally to customers and distributors for use in various products, primarily for lighting applications. The company's high-brightness LED components consist of surface mount (SMD) and through-hole packaged LED products. Its SMD LED component products are available in a range of colors designed to meet a range of market needs, including video, signage, general illumination, transportation, gaming and specialty lighting. Its through-hole packaged LED component products are available in a range of colors primarily designed for the signage market and provide users with color and brightness consistency across a wide viewing area. SiC Materials: The company’s SiC materials are targeted for customers who use them to manufacture products for RF, power switching, gemstones and other applications. Corporate, government and university customers also buy SiC materials for research and development directed at RF and high power devices. The company sells its SiC materials in bulk form, as a bare wafer and with SiC or GaN epitaxial films. Power and RF Products This segment includes power devices and RF devices. Power Devices: The company's SiC-based power products include Schottky diodes, SiC metal semiconductor field-effect transistors (MOSFETs), and SiC power modules at various voltages. Its power products provide increased efficiency, faster switching speeds and reduced system size and weight over comparable silicon-based power devices. Power products are sold primarily to cu
cree inc (CREE:NASDAQ GS)
4600 Silicon Drive
Durham, NC 27703
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