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Technology Stocks : Cree Inc.
CREE 59.21-0.9%4:00 PM EDT

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From: slacker7115/21/2019 9:23:59 AM
   of 9989
 
Qorvo warned. It is possible that they were supplying GaN on SiC products for Huawei's network infrastructure.

ir.qorvo.com

Huawei and its affiliates have purchased multiple products from Qorvo’s Mobile Products and Infrastructure and Defense Products operating segments, and sales to Huawei and its affiliates accounted for approximately $469 million or 15% of Qorvo’s total revenue in its fiscal year ended March 30, 2019. Qorvo is continuing to review the impact of the BIS action on its business, including its ability to apply for and obtain licenses to allow it to ship products to Huawei in the future. Pending further developments, Qorvo has ceased shipments to Huawei and its affiliates and cannot predict when it will be able to resume such shipments.
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