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   Technology StocksCree Inc.


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To: slacker711 who wrote (9886)10/19/2018 4:38:48 PM
From: Lou Weed
   of 10461
 
Nice summary Slacker.....

If they could just jettison the Lighting division we'd be a lot better off ;-)

BB

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From: slacker71110/23/2018 8:41:45 AM
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Cree Announces Annual Shareholders Meeting Election Results
OCTOBER 22, 2018
DURHAM, N.C., October 22, 2018 — Cree, Inc. (NASDAQ: CREE) announced today that the following changes have been made to its board of directors:

Mr. John C. Hodge and Ms. Duy-Loan T. Le have been elected to the board of directors.
Mr. Darren R. Jackson was appointed as chairman by the board of directors.
Mr. Robert A. Ingram and Mr. C. Howard Nye retired from their positions on the board of directors, upon expiration of their terms.
These changes were effective immediately following the 2018 Annual Meeting of Shareholders earlier today at the company’s headquarters in Durham.

“We are pleased to welcome Mr. Hodge and Ms. Le to the Cree board of directors,” said Darren Jackson, newly appointed chairman of Cree’s board of directors. “They will assist the leadership in shaping our vision to create a world-class semiconductor company. Their breadth of industry experience will be invaluable as we drive market expansion for SiC and GaN-based innovations focused on a variety of applications across diverse sectors such as automotive, telecommunications and energy. As we welcome our new directors, we would also like to thank Mr. Ingram and Mr. Nye for their dedication and service over their tenures on the board.”

Mr. Hodge brings a wealth of experience in private equity, corporate finance and merger and acquisition transactions, in addition to over 25 years as an investor and advisor to the global semiconductor and technology industry. He also has extensive experience as a director of semiconductor companies, including Silicon Image, Inc. (NASDAQ: SIMG) from 2007 to 2014 and Freescale Semiconductor, Ltd. (NYSE: FSL) from 2008 to 2011. In his current role, Mr. Hodge is a founding partner of private-equity firm Rubicon Technology Partners, which he founded in 2012. Prior to that, he was a senior advisor and senior managing director with Blackstone Group (NYSE: BX), a private equity firm, from 2006 to 2011.

Ms. Le has 33 years of experience in semiconductors, specifically in chip design, silicon manufacturing technology development and advanced technology manufacturing from concept to high volume production. Additionally, she has an extensive understanding of global business including managing R&D centers, joint ventures, foundries and partnerships. Ms. Le retired from Texas Instruments, Inc. (NASDAQ: TXN) in July 2017, most recently holding the title of senior fellow since 2002. During her 33-year career at Texas Instruments, Ms. Le held various leadership positions including advanced technology ramp manager for the embedded processing division and worldwide project manager for the memory division. She is currently a member of the board of directors of Ballard Power Systems (NASDAQ: BLDP) and National Instruments Corp. (NASDAQ: NATI).

Mr. Jackson joined Cree’s board of directors in May 2016. From July 2004 to January 2016, he served on the board of directors of Advance Auto Parts, Inc. (NYSE: AAP) and served as its CEO from January 2008 to January 2016. Mr. Jackson also served as president of Advance Auto Parts, Inc. from January 2008 to January 2009 and from January 2012 to April 2013. Prior to his tenure at Advance Auto Parts, he served in various executive positions with Best Buy Co., Inc. (NYSE: BBY) and Nordstrom, Inc. (NASDAQ: JWN). Mr. Jackson has also served as a director of Fastenal Company (NASDAQ: FAST), which sells industrial and construction supplies, since July 2012.

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To: slacker711 who wrote (9845)10/24/2018 9:34:05 AM
From: slacker711
1 Recommendation   of 10461
 
STM says that they are now involved with 30 SiC projects (up from 25 last quarter). $100m in revenues this year for STM with the market growing to $3 billion in 2025.

seekingalpha.com

Andrew M. Gardiner - Barclays Capital Securities Ltd.


Understood. I had to try. Just perhaps another one on silicon carbide, you mentioned a few wins in the recent quarter. Can you give us a better sense as to when those might start to ship? I presume it's not next year, but in terms of 2020, 2021 sort of how you're thinking about the ramp over time? Thank you.


Jean-Marc Chery - STMicroelectronics NV


Well, this is – clearly with the usual product development lead time and incubation, okay, it will be more impact on 2020 and beyond for ST. But for the time being, I confirm that this year, we will execute and we will achieve $100 million revenue from silicon carbide. Our manufacturing machine is performing well according expectation, and these 30 (00:47:28) projects are simply consistent with our mission to be a leader of the silicon carbide market. And we know that with this market, we grow very fast, okay. For the time being, we have visibility to see $3 billion in 2025, and we want to perform this market consistently with our current market share generally speaking in Automotive well above 30%.

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From: slacker71110/29/2018 8:30:51 PM
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ON Semiconductor with some comments on their silicon carbide business.


seekingalpha.com




We recorded our first silicon carbide revenue from automotive end markets in the third quarter. We are actively engaged with leading global automotive OEMs on many silicon carbide projects. We expect silicon carbide will be a significant driver of our automotive content increase, driven by electrification of the drive train. We expect to see strong acceleration in our automotive silicon carbide revenue for foreseeable future.


....................................

Then silicon carbide, we are outsourcing the raw wafers, we have long term agreements on that front. We do internally our own raw wafers for regular silicon, and we talked about that several times that we are increasing our capacity to serve more and be less dependent on these input costs, but not on internal--not on the silicon carbide right now.


.......................................................................



Mark Delaney


Got it. My second question, I was just hoping for some more clarity about how much revenue ON is recognizing currently in automotive from silicon carbide products, and how you expect that to come in for 2019. Thanks very much.


Keith Jackson


We are not giving specifics on that yet, but as I mentioned, in total silicon carbide would be in the tens of millions this year, ramping multiples each year.

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To: slacker711 who wrote (9890)10/29/2018 10:40:15 PM
From: Lou Weed
   of 10461
 
Interesting - wonder if Cree have the long term agreements he mentions for the material?

BB

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To: Lou Weed who wrote (9891)10/30/2018 8:05:04 AM
From: slacker711
   of 10461
 
It seems like a decent bet that ON is the company that signed with Cree two weeks ago. It is interesting to hear just how many companies are bullish about SiC in autos versus a year ago. I think that the Model 3 might have been an inflection point.

Slacker

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To: slacker711 who wrote (9892)10/30/2018 9:01:51 AM
From: Lou Weed
   of 10461
 
Dare I say it Slacker but ON might be a good candidate to acquire Cree somewhere down the road?? I would think they need to jettison the lighting division and become "Cree Semiconductor" first.

Looks like EVs will be the end application to start the inflection point of the "hockey stick curve" for SiC power semis. Exciting times in the automotive technology space - electrification, autonomous etc. I've started a position with the recent pullback in NVDA to cover the autonomous tech, CREE for the SiC tech and will start to look at Ford or GM to see which of those ponies might run furthest in this space. All longer term for the retirement fund :-)

BB

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To: Lou Weed who wrote (9893)10/30/2018 3:36:10 PM
From: slacker711
   of 10461
 
Looks like EVs will be the end application to start the inflection point of the "hockey stick curve" for SiC power semis. Exciting times in the automotive technology space - electrification, autonomous etc. I've started a position with the recent pullback in NVDA to cover the autonomous tech, CREE for the SiC tech and will start to look at Ford or GM to see which of those ponies might run furthest in this space. All longer term for the retirement fund :-)


I have been adding to my NVDA position as well. Semi content in autos is going to increase even if we dont get full autonomy anytime soon. It looks like EV efforts are accelerating though we'll have to see whether the car vendors manage to execute on their plans. At a minimum, China looks like they will push EV hard and car vendors will have to respond to that.

The various earnings calls have also confirmed that 5G is doing very well. I still dont have a handle though on whether GaN on SiC is a requirement for small cells which will make up a large part of 5G deployments.

Slacker

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From: slacker71111/1/2018 7:52:09 AM
1 Recommendation   of 10461
 
Lots of discussion of GaN (on SiC) during the Qorvo call.

Much more at the link.

seekingalpha.com

Shipments of 5G solutions were a record in support of multiple leading base station customers. GaN based revenue increased 27% year-over-year, driven by broad market demand, including 5G infrastructure.

...................................................................

In the base station market, 5G is helping to drive a rapid shift in power amplifiers from silicon LDMOS to GaN. We expect the trend to accelerate, with approximately half of the power amplifier market transitioning to GaN in the next few years.

.....................................

James L. Klein - Qorvo, Inc.

Yeah, as I've stated many times, I mean we see that overall GaN market again, defense, broadband, cable and wireless infrastructure, that market is going to grow in the low to mid-20s. I think we'll do significantly better than that as we go forward. You saw that in this last quarter. That was driven a lot by Defense, but we are now really beginning the start of production deliveries around these 5G deployments and massive MIMO deployments.

I think one thing I want to talk a little bit, while we're on massive MIMO is we definitely are seeing the OEMs start those deployments. Over the next couple of years, probably maybe three years, we expect that 20% or 30% of the RUs will be massive MIMO antennas. What that does for us, it results in about a 4x of the number of channels, about a 8x to 12x increase in content for us. So, that's going to drive a significant amount of GaN demand as we go through these deployments in 5G over the next several years.

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From: slacker71111/1/2018 8:11:36 AM
   of 10461
 
Cree said that they have north of 65% of the current SiC wafer market right now.

digitimes.com

Rohm aims for top notch of SiC component market

Roger Huang, Kyoto; Steve Shen, DIGITIMES Tuesday 30 October 2018 0 Toggle Dropdown

Rohm Semiconductor is expanding its production capacity for SiC (silicon carbide)-based wafers and components as it aims to become the world's largest supplier of SiC power components with a 30% share by 2025, according to Mineo Miura, manager of high power device division of product planning department of the Japan-based semiconductor company.


By March 2025, Rohm will have invested at least JPY60 billion (US$535.86 million) for capacity ramps, mainly including JPY20 billion for expanding the capacity of its SiC component manufacturing plant in Chikugo, Fukuoka, and JPY40 billion for ramping up SiC wafer output, Miura said.

With its properties including resisting to high temperature and high pressure, less losses for power conversion and enabling smaller module form factors, the adoption of SiC-based power components is proliferating in a number of segments, including electric vehicles, industrial-control equipment, energy and server/datacenter and therefore the potential growth of SiC power components is highly regarded, Miura stated.

Based on the company's data, Rohm started mass production of SiC power components such as SiC Schottky diodes and MOSFETs in 2010 and has also since then maintained a leading position for the production of SiC power modules and SiC trench MOSFETS.

Citing data from market research firms, the global SiC market is forecast to exceed US$2.3 billion by 2025, Miura said. But he added that the market could expand to as much as NT$3.4 billion by 2025 if the pace of SiC replacing IGBT (insulated gate bipolar transistor) products accelerates.

To meet future demand, Rohm will continue to adhere to its established business model: running its own fab to minimize the crystal defects of SiC and leveraging its patented double-trench structure to enhance the reliability of its SiC components.

Rohm's acquisition of SiC wafer supplier SiCrystal in 2009 has now become an advantage for the company, not only making Rohm (SiCrystal) the world's second largest supplier of SiC wafers, trailing after only Cree's Wolfspeed, but also enabling Rohm to have steady supplies of SiC wafers.


Rohm is currently fabricating SiC wafers of up to 6-inch size, as the SiC industry is beginning to develop 8-inch wafers.

The expansion project of the Chikugo plant is scheduled for completion by the end of 2020 with volume production to start in 2021. The packaging processes of SiC components will be carried out in Koyto, Korea and Thailand, Miura revealed.

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