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   Technology StocksCree Inc.


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From: slacker7114/25/2019 8:42:25 AM
2 Recommendations   of 10107
 
Tesla is upgrading the S and X models by using SiC to make the models more efficient.

thedrive.com


According to the company, the Model S and Model X Long Range’s will receive Tesla’s “latest generation of drive unit technology,” which ups the battery pack’s efficiency by a little more than 10-percent. To do this, Tesla’s engineering team optimized the “permanent magnet synchronous reluctance motor, silicon carbide power electronics, and improved lubrication, cooling, bearings, and gear designs.” This allowed Tesla to achieve a battery pack efficiency of 93-percent.


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From: slacker7114/30/2019 10:28:22 AM
2 Recommendations   of 10107
 
Interesting article about grid storage starting to take off. It should create quite a few opportunities for SiC.

politico.com

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

Now grid storage is poised to grow at a faster pace than the electric cars that made it cost-effective, and even faster than the renewables it will help to accommodate on the grid. Last year, Florida Power & Light completed a 10-megawatt grid battery hailed as the largest of its kind in the world; last month, FPL announced a battery project more than 40 times larger. Republican regulators in Arizona recently approved more than twice as much power storage in their state as the entire country installed last year; Hawaii is building more than three times as much, and California nearly five times as much. Tom Buttgenbach, the CEO of 8minutenergy Renewables, says his firm alone has signed contracts to build nearly a gigawatt of grid storage in the U.S., more than two thirds of the current nationwide total, in just the past four months.


Overall, the consultancy Wood Mackenzie expects U.S. storage additions to double in 2019, triple in 2020 and increase 13-fold over the next five years, which would store enough electricity to power more than 5 million homes. The forecasters at Bloomberg New Energy Finance expect more than $600 billion in global investment in battery storage by 2040. The storage boom, like so many green trends in America, first took hold in California, but Ravi Manghani, the head of energy storage research at Wood Mackenzie, says it is spreading much faster than anyone expected, ending the era when power had to be distributed and used the instant it was generated.




“Every time we do a new forecast, we have to revise it up for deployment and down for cost,” says Ravi Manghani, head of energy storage research at Wood Mackenzie. “We’ve been proven wrong again and again.”

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To: slacker711 who wrote (9956)5/1/2019 4:26:44 PM
From: slacker711
   of 10107
 
Wolfspeed came in a bit better than they guided on March 15th and LED's came in at the low-end of the range.

investor.cree.com

Is the LED weakness coming fromthe end-market, tariffs, or is Cree switching capacity to SiC?

Slacker

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From: slacker7115/2/2019 7:18:10 AM
1 Recommendation   of 10107
 
Cree transcript

seekingalpha.com

There was weakness in LED's which is attributable to market softness. It sounds like they will use that weakness to begin switching capacity to GaN/SiC.

The weakness in Wolfspeed guidance is harder to understand. Weak EV sales in China were the culprit, but if true, why cant they switch that capacity to another customer? It sounds like customers are still on allocation and lead times are still long.
I did like the commentary around GaN for wireless. I have had a harder time tracking that market than SiC power products but it sounds like the market is developing faster than expected.

More importantly, capacity expansion plans will be revealed next Tuesday at the PCIM conference.

Slacker

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To: slacker711 who wrote (9975)5/2/2019 8:51:01 AM
From: Bungalow Bill
   of 10107
 
Thanks for the summary....

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To: slacker711 who wrote (9975)5/3/2019 9:58:33 AM
From: slacker711
   of 10107
 
I had hoped to get some cheap weekly calls expiring next week based on the fact that they were going to announce new capacity expansion plans next week....oops.

:-).

Slacker

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To: slacker711 who wrote (9977)5/4/2019 10:06:31 AM
From: Bungalow Bill
   of 10107
 
That was quite the turn around on Thursday - very impressive :-)

BB

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From: slacker7115/7/2019 8:07:58 AM
1 Recommendation   of 10107
 
Cree to Invest $1 Billion to Expand Silicon Carbide Capacity
MAY 7, 2019
Expansion to generate up to a 30-fold increase in SiC wafer fabrication capacity and 30-fold increase in SiC materials production to meet the expected market growth by 2024
Five-year investment leverages an existing building (“North Fab”) and refurbished 200mm equipment to build state-of-the-art automotive-qualified production facility
Investment: $450M for North Fab; $450M for materials mega factory; and $100M in other investments associated with growing the business
DURHAM, N.C. -- As part of its long-term growth strategy, Cree, Inc. (Nasdaq: CREE) announces it will invest up to $1 billion in the expansion of its silicon carbide capacity with the development of a state-of-the-art, automated 200mm silicon carbide fabrication facility and a materials mega factory at its U.S. campus headquarters in Durham, N.C. It marks the company’s largest investment to date in fueling its Wolfspeed silicon carbide and GaN on silicon carbide business. Upon completion in 2024, the facilities will substantially increase the company’s silicon carbide materials capability and wafer fabrication capacity, allowing wide bandgap semiconductor solutions that enable the dramatic technology shifts underway within the automotive, communications infrastructure and industrial markets.

DOWNLOAD THE PRESENTATION
“We continue to see great interest from the automotive and communications infrastructure sectors to leverage the benefits of silicon carbide to drive innovation. However, the demand for silicon carbide has long surpassed the available supply. Today, we are announcing our largest-ever investment in production to dramatically increase this supply and help customers deliver transformative products and services to the marketplace,” said Gregg Lowe, CEO of Cree. “This investment in equipment, infrastructure and our workforce is capable of increasing our silicon carbide wafer fabrication capacity up to 30-fold and our materials production by up to 30-fold compared to Q1 of fiscal year 2017, which is when we began the first phase of capacity expansion. We believe this will allow us to meet the expected growth in Wolfspeed silicon carbide material and device demand over the next five years and beyond.”

The plan delivers additional capacity for its industry-leading Wolfspeed silicon carbide business with the build out of an existing structure as a 253,000 square-foot, 200mm power and RF wafer fabrication facility as an initial step to serve the projected market demand. The new North Fab is designed to be fully automotive qualified and will provide nearly 18 times more surface area for manufacturing than exists today, initially opening with the production of 150mm wafers. The company will convert its existing Durham fabrication and materials facility into a materials mega factory.

“These silicon carbide manufacturing mega-hubs will accelerate the innovation of today’s fastest growing markets by producing solutions that help extend the range and reduce the charge times for electric vehicles, as well as support the rollout of 5G networks around the world,” said Lowe. “We believe that this represents the largest capital investment in the history of silicon carbide and GaN technologies and production with a fiscally responsible approach. By using existing facilities and installing a majority of refurbished tools, we believe we will be able to deliver a state-of-the-art 200mm capable fab at approximately one-third of the cost of a new fab.”

The expanded campus also creates high-tech job opportunities and will serve as an advanced manufacturing workforce development initiative. Cree plans to partner with state and local community and four-year colleges to develop training programs to prepare its workforce for the long-term, high-quality employment and growth opportunities the new facilities will present.

About Cree, Inc.

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To: slacker711 who wrote (9979)5/7/2019 8:11:59 AM
From: slacker711
1 Recommendation   of 10107
 
Cree expansion plan presentation.

cree.com

I think they finished doubling their capacity in Q3 2018. If so, this new expansion will put their total capacity in 2024 at roughly 15x what it is today. I think that probably represents twice what could have been reasonably expected previously.

Slacker

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From: slacker7115/7/2019 8:34:28 AM
1 Recommendation   of 10107
 

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