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   Technology StocksCree Inc.


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To: slacker711 who wrote (10081)10/31/2019 7:29:21 AM
From: slacker711
   of 10250
 
Cree transcript.

seekingalpha.com

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To: slacker711 who wrote (10002)10/31/2019 8:02:42 AM
From: slacker711
1 Recommendation   of 10250
 
Random thoughts on earnings.

- First real issues with execution. It sounds like they had issues with transitioning some MOSFETS to 150mm and that led to increased scrap as well as yield issues.

- The trade war continues to hit Cree harder than I expected. It turns out that Huawei was the first mover towards GaN power amps in base stations so their ban is hitting Cree particularly hard. They expected Huawei to see some share loss to other customers but that isnt happening.

- Continued to be hit by decline in EV sales in China. I believe (but am not sure) that Tesla is the only company using a SiC inverter so presumably Chinese EV's are using on board chargers?

I also suspect that auto manufacturers are holding back EV supplies in Europe until 2020. They will want to get credit for every EV sales in 2020 to hit the necessary CO2 targets.

- Two intriguing comments were around the potential TAM in autos. Tesla is using a single motor/inverter but some manufacturers might go to dual drive which would require two inverters or even an inverter for each wheel.

Also, a move from 400V to 800V or higher means faster charging and would increase the SiC opportunity.

- Lots of questions about the pace and timing of capacity expansion. The new capacity will start to ramp in 2022 and continue through 2024. They have various levers to change the incremental pace of the ramp.

- They have excess capacity in materials but are capacity constrained with epi.

- Good execution on the LED side with revenues and margins coming in above guidance.

Ultimately, it sounds like Cree is going to have a rough next six months. Beyond that, it will depend on the pace of adoption of EV's. The manufacturing capacity is clearly being put in place but customer acceptance will still need to be proven out.

Slacker

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From: slacker71111/1/2019 10:11:59 AM
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Qorvo is seeing very different trends for their 5G GaN solutions. Part of that is presumably the fact that they are still shipping some products to Huawei, but I am not sure that accounts for the entire difference. Perhaps UDC is more tied to Nokia than Ericsson as well? Big difference in performance between those two companies in 5G right now.

seekingalpha.com

During the quarter, we secured new GaN design wins for sub-6 gigahertz massive MIMO deployments expected to span multiple years. Among China-based carriers, it's been widely published that China Unicom and China Telecom will share cell sites to accelerate 5G deployments. This development will drive the need for broader band and higher power amplifiers favoring Qorvo's GaN solutions. GaN enables operators to drive more power through smaller form factors and achieve better performance at higher frequencies.

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From: slacker71111/5/2019 8:37:15 AM
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Another design win from their potential $9 billion pipeline.

businesswire.com

ZF and Cree Advance the Electric Drive
A strategic partnership has been created to advance the Electric Powertrain with Silicon Carbide-Based Inverter
New Silicon Carbide-Based Inverter solutions help increase drive efficiency and extend the range of electric cars

November 05, 2019 08:00 AM Eastern Standard Time
SCHWEINFURT, Germany & DURHAM, N.C.--(BUSINESS WIRE)--ZF Friedrichshafen AG and Cree, Inc. (Nasdaq: CREE), a US leader in silicon carbide semiconductors, announce a strategic partnership to create industry-leading, highly efficient electric drivelines.

“We're delighted that we're building on our cooperation with Cree using their Wolfspeed silicon carbide technology and are absolutely convinced that combining our strengths will further improve efficiency and competitive edge for our components and systems”

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With this strategic partnership, ZF and Cree are intensifying their existing cooperation. “We're delighted that we're building on our cooperation with Cree using their Wolfspeed silicon carbide technology and are absolutely convinced that combining our strengths will further improve efficiency and competitive edge for our components and systems,” says Jörg Grotendorst, Head of the ZF E-Mobility Division.

The future use of silicon carbide-based power semiconductors will increase the range for electric vehicles in contrast to today's standard silicon technology. Due to high battery costs, the efficient electric drive represents an enormous growth potential for the foreseeable future. In particular, silicon carbide technology in conjunction with the 800-volt vehicle electrical system voltage makes a significant contribution to further increasing efficiency.

“Partnering with a tier-one leading global automotive supplier like ZF for the use of silicon carbide-based power inverters in next generation electric vehicles is indicative of the integral role silicon carbide plays in extending the capabilities of EVs everywhere,” said Gregg Lowe, CEO of Cree.

Electrified drivelines are making vast contributions to achieving worldwide emission targets and making mobility more sustainable.

Cree’s technology will initially be used to fulfill orders that ZF has already received for silicon carbide based electric drives from several leading global automakers. Through the partnership, ZF expects to make silicon carbide electric drivelines available to the market by 2022.

Since January 2016, ZF has bundled its electromobility activities in the E-Mobility Division headquartered in Schweinfurt, Germany. More than 9,000 employees work in this division, spread across various locations around the world.

Cree is committed to leading the global transition from silicon to silicon carbide and recently announced silicon carbide capacity expansion with a mega materials factory in Durham, N.C. and the world’s largest silicon carbide device manufacturing facility in New York. The company offers a comprehensive set of silicon carbide and GaN (Gallium nitride) power and RF (radio frequency) solutions through its Wolfspeed® business unit.

ZF Friedrichshafen AG

ZF is a global leader in driveline and chassis technology as well as active and passive safety systems. The company has a global workforce of 148,000 with approximately 230 locations in almost 40 countries. In 2018, ZF achieved sales of €36.9 billion. ZF is one of the largest automotive suppliers worldwide.

ZF allows vehicles to see, think and act. The company invests more than six percent of its sales in research and development annually – in particular for the development of efficient and electric drivelines and also in striving for a world without accidents. With its broad portfolio, ZF is advancing mobility and services in the passenger car, commercial vehicle and industrial technology sectors.

For further press information and photos, please visit: www.zf.com.

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From: slacker71111/13/2019 9:53:43 AM
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Infineon is seeing more SiC design wins in industrial than automotive right now.

seekingalpha.com



In this challenging environment, renewable energy is holding up well. Solar and wind remain growth engines and are among those areas suited for an early and rapid uptake of silicon carbide solution. Other application fields, which should see a rapid adoption of silicon carbide include energy storage, industrial power supplies and EV charging. For all these, Infineon is offering one of the broadest and most different product portfolios including discrete silicon carbide MOSFETs, hybrid and full silicon carbide modules. Our ability to address critical performance and quality requirement resonates well with customers, and we were able to significantly increase our silicon carbide design-in funnel throughout the 2019 fiscal year to more than €1.8 billion.



snip.............


Yes. Adi, thank you for these questions. There is -- we have, I think, detailed communication already on the silicon carbide. 30% of the design-in funnel is coming from automotive. The rest is industrial. In industrial, we see, of course, the reported renewable energy portion and all the trains coming in as a growth potential nearer term, I think, here, Mr. Foltin can provide once more the detailed charge with this.

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To: slacker711 who wrote (10088)11/13/2019 10:07:45 AM
From: slacker711
1 Recommendation   of 10250
 
Infineon presentation.

infineon.com


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From: slacker71111/15/2019 8:46:25 AM
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In addition to Cree's investor day next week, there are a bunch of new EV's scheduled to be announced.


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To: slacker711 who wrote (9911)11/15/2019 11:17:47 AM
From: slacker711
   of 10250
 
This is interesting. Macom has been pushing GaN on Silicon as their solution for 4G/5G RF. It seems that they are now going to use a dual strategy with both GaN on silicon as well as GaN on silicon carbide (which is Cree's approach).

seekingalpha.com


We are also, I’ll point out, opening up the aperture slightly regarding our GaN-on-Silicon and GaN-on-Silicon carbide strategy. We’re now having our technologists do baseline characterization on different GaN-on-Silicon carbide transistors. We believe that there is a place for this technology in our portfolio, especially at the higher powers, the higher frequencies and some of our military and satellite customers are very interested in having MACOM participate here.


So we are opening up the aperture and we’re bringing engineering efforts to really establish a baseline of where the industry is regarding, I’ll say half micron, 0.4 micron, as well as 0.25 and even 0.1 micron GaN-on-Silicon carbide. And so we believe over the long-term, our engineers should have access to the best technologies there are.


As I mentioned, actually, on our last call, we have two foundries internally, but we also deal with nine external foundries. And so we want our power amplifier group to be able to have access to the best technologies. Now this will absolutely complement our GaN-on-Silicon efforts. We today still believe that GaN-on-Silicon is the right process for massive MIMO, given the volumes, given the price points and given the low power levels. So this is not going to take away from that effort, it will certainly be additive.

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To: slacker711 who wrote (9996)11/15/2019 12:28:41 PM
From: slacker711
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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).


seekingalpha.com


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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From: Lou Weed11/18/2019 8:52:01 AM
2 Recommendations   of 10250
 
More good news.....

businesswire.com

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