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Technology Stocks : Cree Inc.
CREE 58.81+2.3%Jul 2 4:00 PM EDT

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From: slacker7115/2/2019 7:18:10 AM
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Cree transcript

There was weakness in LED's which is attributable to market softness. It sounds like they will use that weakness to begin switching capacity to GaN/SiC.

The weakness in Wolfspeed guidance is harder to understand. Weak EV sales in China were the culprit, but if true, why cant they switch that capacity to another customer? It sounds like customers are still on allocation and lead times are still long.
I did like the commentary around GaN for wireless. I have had a harder time tracking that market than SiC power products but it sounds like the market is developing faster than expected.

More importantly, capacity expansion plans will be revealed next Tuesday at the PCIM conference.

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