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Technology Stocks : Cree Inc.
CREE 64.66+1.6%10:35 AM EDT

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To: slacker711 who wrote (9996)11/15/2019 12:28:41 PM
From: slacker711   of 10224
II-VI transcript. They did $81.6m in SiC revs in their last fiscal year.

The 3x to 5x capacity increase isnt directly comparable to Cree's 30x since Cree uses end of year 2017 capacity as their starting point (which IMO is deceptive).

During Q1, we saw a rise in semi-insulating silicon carbide demand for wireless applications, even as the demand for conducting silicon carbide for power electronics temporarily diminished due to microeconomic conditions. The shift in demand required us to retool a portion of our proprietary pharmacies to address the surge in wireless demand. We expect that the introduction of 5G handsets will further accelerate deployments of 5G base stations worldwide, with China being the largest market in 2020 and growing rapidly in the next three years.

We recently introduced the world's first semi-insulating 200 millimeters silicon carbide substrate for RF power amplifiers for use in 5G base stations, complementing our 200 millimeters conducting silicon carbide substrates, introduced four years ago. We also secured a $100 million sole source contract for our 150 millimeters substrates. We are in the process of securing a large scale facility in the Northeast for our projected three times to five times capacity expansion in the next three years for our market-leading silicon carbide substrates.
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