|I highly expect that not long after 200mm goes into mass production that 300mm is demonstrated. If Cree wants an advantage they need to not be outgunned on EBITDA by everyone of their competitors and that means making money, something they have consistently been unable to do.|
We are in limbo with Cree right now. The valuation is ludicrous based on current results and extremely rich based on the FY'24 guidance given in Nov '19. It will probably be 24 month before we can even begin to see what the results look like with the ramp of the Mohawk fab.
In other words, it is going to be a while before we can prove or disprove your skepticism.
FWIW, I doubt that they are going to fund much of their next fab. They received $500 million in subsidies before semis were considered a national priority by every region.