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   Technology StocksCree Inc.


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From: slacker71112/18/2018 8:49:04 AM
   of 10464
 
Cree's LED head departs the company in latest management shakeup

bizjournals.com

Cree headquarters, Durham, N.C.
Enlarge
Cree headquarters, Durham, N.C.

By Lauren K. Ohnesorge – Senior Staff Writer, Triangle Business Journal
a day ago
Another management shuffle at Cree – and this time it’s the Durham semiconductor firm’s LED products division.

David Emerson, longtime executive vice president and general manager of the unit, “stepped down” effective Dec. 10, the company said in a securities filing Friday. In his stead, four-year Cree veteran Claude Demby has been appointed senior vice president and general manager of LED products. Demby was formerly senior vice president of strategy and corporate development. Prior to Cree, he was CEO of Noel Group.

Cree has gone through multiple leadership changes since CEO Gregg Lowe arrived at the company last year.

Top lighting executives – including Daniel Castillo, then-president of the lighting division – left in 2017. As did Frank Plastina, once head of the firm’s Wolfspeed subsidiary. Earlier this year, the company announced a new CFO in Neill Reynolds, replacing longtime CFO Mike McDevitt. And in October, the company named Darren Jackson as its new board chairman.

But the biggest change has been the strategy shift. Cree, whose previous CEO had envisioned it as a lighting-focused company, is putting more of a priority on Wolfspeed, its power and radio frequency device subsidiary. Lowe has said that Wolfspeed, the smallest of the firm’s three units, would soon surpass lighting and LED products in revenue.

Emerson moved into the role of vice president and general manager of LEDs back in 2013 under then-CEO Chuck Swoboda.

A Cree representative did not immediately return a request for more information on Emerson's departure.

Cree closed Friday at $43.52, down 3 percent.

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To: slacker711 who wrote (9916)12/18/2018 9:14:44 AM
From: OldAIMGuy
   of 10464
 
Thanks S,
I'd missed this update.

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From: slacker7111/6/2019 5:20:50 PM
   of 10464
 
We likely hit peak ICE engine sales in 2018. That is four years ahead of expectations at the beginning of the year.

Everything points to EV adoption being ahead of the forecast that Cree gave in February of last year.

ft.com

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From: slacker7111/7/2019 5:31:08 PM
2 Recommendations   of 10464
 
Cree and STMicroelectronics Announce Multi-Year Silicon Carbide Wafer Supply Agreement
1/7/2019
DURHAM, N.C. and GENEVA, Jan. 7, 2019 — Cree, Inc. (Nasdaq: CREE) announces that it signed a multi-year agreement to produce and supply its Wolfspeed® silicon carbide (SiC) wafers to STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications. The agreement governs the supply of a quarter billion dollars of Cree’s advanced 150mm silicon carbide bare and epitaxial wafers to STMicroelectronics during this period of extraordinary growth and demand for silicon carbide power devices.

“ST is the only semiconductor company with automotive-grade silicon carbide in mass production today, and we want to press forward to grow our SiC business both in terms of volume and breadth of applications served, targeting leadership in a market estimated at more than $3B in 2025,” said Jean-Marc Chery, president and CEO of STMicroelectronics. “This agreement with Cree will improve our flexibility, sustain our ambition and plans, and contribute to boosting the pervasion of SiC in automotive and industrial applications.”

“We remain focused on increasing the adoption of silicon carbide-based solutions, and this agreement is a testament to our mission,” said Gregg Lowe, CEO of Cree. “This is the third multi-year agreement that we have signed this past year in support of the industry’s transition from silicon to silicon carbide. As the world leader in silicon carbide, Cree continues to expand capacity to meet the growing market needs, particularly in industrial and automotive applications. We are extremely pleased to continue to support STMicroelectronics as we both invest to accelerate this market.”

Wolfspeed, A Cree Company, is the global leader in the manufacture of silicon carbide wafers and epitaxial wafers. The supply agreement enables silicon carbide applications in the broad automotive and industrial markets.

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To: slacker711 who wrote (9919)1/8/2019 6:02:40 AM
From: Lou Weed
   of 10464
 
Sweet - the materials side of the business is on a roll now. EV is the way forward for sure for SiC technology. Hopefully its adoption in this market space drives costs lower to open up the other markets that are on the cusp of seeing the value add. Gregg Lowe has done a great job since taking over -

BB

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To: Lou Weed who wrote (9920)1/8/2019 8:43:43 AM
From: slacker711
1 Recommendation   of 10464
 
Previous management certainly makes Lowe look good. I never was a fan but trying to sell Wolfspeed to concentrate on lighting has to be among the dumbest corporate decisions I have seen in a very long time.

One thing I would like is to hear more from Lowe. Cree doesnt seem to go to investor conferences so there hasnt been a ton of communication from management outside of earnings calls.

I'm a little worried about the impact of the China slowdown on lighting/LED sales, but at this point, I still downturns in Cree's stock as an opportunity to pick up shares for the long-term promise of SiC.

Slacker

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From: slacker7111/10/2019 8:22:16 AM
1 Recommendation   of 10464
 


EV's + 5G + Servers?


https://technology.ihs.com/610184/power-semiconductor-usage-in-data-centers-evolves-to-meet-power-efficiency-needs?utm_campaign=pc10030&utm_medium=social-network&utm_source=twitter&hootPostID=a404d0785087f92c6f387df035ef1184



For most data centers, the largest operation cost is electricity. In addition, many large operators are conscious of their environmental footprint as high energy users. These two factors drive DCs to seek ways to improve their energy efficiency. One means of mitigating this growing need for power is to improve the power conversion efficiency in data centers. This can take many forms including overhauling the power distribution architecture within the data center, including changing the point at which AC power is converted to DC, the DC bus voltages and DC conversion stages and the efficiency of the conversion stages at each of these processes. Efficiency is key – it is estimated that a 1% improvement in power conversion efficiency in all the world’s data centers would be equivalent to eliminating 4.6 nuclear power plants.


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


This architecture has
provided a good balance of efficiency, load response and power density. However, the limits of this design are being tested with higher efficiency demands and faster dynamic load response leading to new architecture proposals. The first is to convert the boost PFC from a full bridge design to a totem-pole design. The totem-pole architecture uses only a half bridge input stage instead of full bridge followed by synchronous rectification diodes or MOSFETs. This eliminates one diode drop and provides power conversion efficiencies at high power up to 99% (up from 97.5% for the full-bridge design). However, high power levels are only achievable with this architecture when the totem-pole switches are implemented with wide bandgap semiconductors. These devices switch faster than silicon with almost zero reverse recovery loss and provide higher power densities than full bridge designs. We believe this design will quickly catch on, especially in high power applications and drive high growth rates for wide bandgap devices such as Silicon Carbide MOSFETs and Gallium Nitride transistors.

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To: slacker711 who wrote (9922)1/10/2019 8:34:50 AM
From: OldAIMGuy
   of 10464
 
.....and I thought SiC was only good for making high temp firebrick!

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From: slacker7111/10/2019 8:47:34 AM
   of 10464
 
It seems likely that the lighting portion of the business has performed worse than the estimates made in October.

digitimes.com

Epistar suspends part of production
Siu Han, Taipei; Jessie Shen, DIGITIMES Thursday 10 January 2019 0 Toggle Dropdown
LED epitaxial wafer and chip maker Epistar has scaled down production due to low order visibility, as its December 2018 sales hit a new low since January 2013.

Epistar has reported consolidated revenues for December 2018 reached NT$1.19 billion (US$38.63 million), down 12.33% sequentially and 42.02% on year.

Epistar had consolidated revenues of NT$4.236 billion for the fourth quarter, dropping 24.99% sequentially and 28.65% on year, and those of NT$20.327 billion for 2018 fell 19.88% on year.

To cope with decreased orders, Epistar said it is extending its upcoming Lunar New Year holiday to two weeks starting from January 28 and has suspended operation of some MOCVD sets since fourth-quarter 2018.

Meanwhile, LED packaging service provider Everlight Electronics has reported consolidated revenues of NT$1.609 billion for December, the lowest since March 2013.

Everlight's consolidated revenues of NT$5.617 billion for fourth-quarter 2018, decreased 10.62% sequentially and 16.42% on year, and those of NT$24.083 billion for 2018 slipped 11.91% on year.

LED packaging service provider Advanced Optoelectronic Technology has reported consolidated revenues of NT$273.2 million for December, falling 17.71% sequentially and 41.39% on year. Its fourth-quarter 2018 consolidated revenues reached NT$975.8 million, declining 32.18% sequentially and 36.84% on year, and those of NT$4.638 billion for 2018 decreased 22.47% on year.

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From: slacker7111/10/2019 11:13:53 AM
   of 10464
 
Exclusive: VW, China spearhead $300 billion global drive to electrify cars
Paul Lienert, Norihiko Shirouzu, Edward Taylor
6 MIN READ

reuters.com

(Reuters) - Global automakers are planning a $300 billion surge in spending on electric vehicle technology over the next five to 10 years, with nearly half of the money targeted at China, accelerating the industry’s transition from fossil fuels and shifting power to Asian battery and electric vehicle technology suppliers.

The unprecedented level of spending - much of it by Germany’s Volkswagen AG (VOWG_p.DE) - is driven in large measure by government policies adopted to cut carbon dioxide emissions, and will extend technological advances that have improved battery cost, range and charging time to make electric vehicles more appealing to consumers, according to an exclusive Reuters analysis of public data released by those companies.

For a graphic showing planned EV spending by country, click on tmsnrt.rs/2Azl09N

China for decades played catch-up to German, Japanese and American automakers, which dominated internal combustion vehicle technology. Now, China is positioned to lead electric vehicle development, industry executives say.

“The future of Volkswagen will be decided in the Chinese market,” said Herbert Diess, chief executive of VW, which has decades-old joint ventures with two of China’s largest automakers, SAIC Motor (600104.SS) and FAW Car (000800.SZ).

Speaking earlier this week to a small group of reporters in Beijing, Diess said China “will become one of the automotive powerhouses in the world.”

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“What we find (in China) is really the right environment to develop the next generation of cars and we find the right skills, which we only partially have in Europe or other places,” he said.

Diess added, “We have very clear policies established here in China. Policymakers and regulators are requiring” a shift to electric vehicles.


As China and other countries place more restrictions on conventional gasoline and diesel engines, auto companies have accelerated the shift to electrification. A year ago global automakers said they planned to spend $90 billion on electric vehicle development.


The $300 billion that automakers have earmarked to put electric vehicles into mass production in China, Europe and North America is greater than the economies of Egypt or Chile.

Almost one-third of the industry’s EV spending total, about $91 billion, is being committed by the Volkswagen Group, which is aggressively trying to distance itself from the Dieselgate scandal, which has cost it billions in penalties and legal settlements.

VW’s sweeping electrification plan envisions capacity on three continents to build up to 15 million electric vehicles by 2025, including 50 pure electric and 30 hybrid electric models. Eventually, VW plans to offer electrified versions of all 300 models in its 12-brand global portfolio, which includes Audi and Porsche.

VW’s staggering EV budget dwarfs that of its closest competitor, Germany’s Daimler AG (DAIGn.DE), which has committed $42 billion. In comparison, General Motors Co (GM.N), the No 1 U.S. automaker, has said it plans to spend a combined $8 billion on electric and self-driving vehicles.

Roughly 45 percent of the global industry’s planned EV investment and procurement spending, more than $135 billion, will occur in China, which is heavily promoting the production and sale of electric vehicles through a system of government-mandated quotas, credits and incentives.

As a result, EV spending by major Chinese automakers from SAIC to Great Wall Motor (601633.SS) could be matched or even exceeded by multinational joint-venture partners such VW, Daimler and GM, as they dramatically expand their electric vehicle portfolios in China and ramp up battery purchases from Chinese suppliers.

Reuters analyzed investment and procurement budgets made public over the past two years by 29 of the world’s top automakers, based primarily in the United States, China, Japan, Korea, India, Germany and France. The figures do not reflect planned investments and purchases that have not yet been made public.

Actual spending by vehicle manufacturers on research and development, engineering, production tooling and procurement likely will be much higher. The analysis also does not include related spending by automotive suppliers, technology companies and large corporations in other industries, from energy and aerospace to electronics and telecommunications.

“There has been a rush” to invest in electric vehicles and batteries, said Alexandre Marian, AlixPartners managing director and co-author of a 2018 study that forecast total EV spending of $255 billion through 2023 by global automakers and suppliers.

Marian said the industry has increased spending budgets on electric vehicles and batteries, while seeking more alliances and partnerships to help spread the higher investment costs.

Job cuts hit Jaguar Land Rover, Ford in Europe
Alliances, such as those between VW and its Chinese partners, will be among the greatest spurs to innovation, especially in the global rollout of electric vehicles.

CEO Diess said VW is “evolving from the model where we have been developing and bringing European technology into this market to a new phase where we will co-develop part of the automotive technology in China for the rest of the world. I think this is a significant step change.”

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