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Technology Stocks : Cree Inc.

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To: slacker711 who wrote (10417)8/19/2021 10:50:44 AM
From: slacker7111 Recommendation

Recommended By
Lou Weed

   of 10478
 
Also, this from the 10k. Capex is much larger than they are indicating.

sec.gov

For fiscal 2022, we target approximately $475.0 million of net capital investment, which is primarily related to capacity and infrastructure projects to support longer-term growth and strategic priorities. This target is highly dependent on the timing and overall progress on the construction of our new silicon carbide fabrication facility in New York and is net of approximately $300.0 million of expected reimbursements from the State of New York Urban Development Corporation under the GDA.
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