SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

   Technology StocksCree Inc.


Previous 10 Next 10 
To: slacker711 who wrote (9979)5/7/2019 8:11:59 AM
From: slacker711
1 Recommendation   of 10481
 
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

Share RecommendKeepReplyMark as Last Read


From: slacker7115/7/2019 8:34:28 AM
1 Recommendation   of 10481
 

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: slacker711 who wrote (9981)5/7/2019 9:57:47 AM
From: Lou Weed
   of 10481
 
Wolfspeed have cemented their hold on being the wide bandgap materials world leader for the next 5+ years with this announcement. More than likely longer than that. Plus a separate automotive qualified fab means they can double dip in the largest expanding market for SiC technology. Great moves by Gregg Lowe - so much more vision than Swoboda.

BB

Share RecommendKeepReplyMark as Last Read


From: slacker7115/8/2019 4:32:37 PM
   of 10481
 
Reasonably priced EV's are coming. We just need to see what customer demand looks like.

latimes.com

VW takes on Tesla with electric hatchback it hopes will be the new Beetle
By CHRIS REITER AND CHRISTOPH RAUWALD
| BLOOMBERG |
MAY 08, 2019 | 9:20 AM

VW takes on Tesla with electric hatchback it hopes will be the new Beetle

A Volkswagen ID.3 electric car is seen in a glass enclosure during a press conference in Berlin on May 8. (Odd Andersen / AFP/Getty Images)
Volkswagen AG is about to find out whether consumers will back its $34-billion strategy to topple Tesla Inc. as the electric-car leader.

The German auto giant is now taking 1,000-euro deposits, or about $1,120, to secure one of the first in a new range of battery-powered models. The new ID.3 hatchback — which VW hopes will be the electric-car successor to the iconic Beetle — will start at less than $33,600, roughly the same level as the diesel variant of its bestselling Golf hatchback.

“We are not playing,” VW sales chief Juergen Stackmann said at an event in Berlin launching the reservation program. “This is the car to beat for the future, for all our competitors.”


The ID.3 anchors more than 20 battery-powered models VW plans to roll out in coming years — with a goal to sell more than 1 million electric cars annually by 2025. The ambitious effort is set to stoke competition in a segment where automakers struggle to generate returns and is mainly driven by tighter pollution regulations. Stackmann said that its electric cars “must make money.”

While some consumers have shown interest in the vehicles, which generally cost more but have less range than combustion models, electric cars haven’t broken through on the mass market.

To drum up interest, VW is offering a special edition of the ID.3 that’s limited to 30,000 vehicles and includes a year’s free charging at stations connected to the company’s WeCharge app. Reservations are open for consumers in 29 countries across Europe, with Germany, Norway and the Netherlands expected to be among the top markets, according to VW. Stackmann expects the reservation book to be filled before the company officially unveils the car in September.

The limited-run variant will cost less than $45,000 and includes a battery capable of powering the car for 260 miles. The basic version has a range of 205 miles, while the top-of-the-line model can drive as far as 340 miles on a charge.

In a sign of its growing marketing rivalry, Tesla sent an email to prospective German customers on Wednesday, trumpeting its Model S and Model X as having the best range of electric cars in series production. Volkswagen is slated to start mass assembly of the ID.3 late this year, with the first deliveries in mid-2020. Overall, VW is aiming to sell 100,000 ID.3 vehicles annually.

Tesla raised $2.35 billion last week to pad its coffers amid struggles to generate profits sustainably. The California-based carmaker’s push into Europe and China puts it in direct competition with VW and its upscale sister brands Audi and Porsche, which are also ramping up electric-car plans.

“Volkswagen is a big player, and when we go, a lot of people follow,” Stackmann said.

The ID.3 event came just one day after Volkswagen AG’s Porsche sports car unit agreed to pay $599 million to end a probe into rigged diesel engines, bringing the total amount of fines in its home country to more than $2.6 billion. The penalty covers the sale of cars since 2009 that were equipped with V6 and V8 engines from VW’s sister brand Audi.

Volkswagen has now ended all probes by German prosecutors against its units over the sale of cars rigged to pass emissions tests. Last year it settled with Braunschweig investigators for $1.12 billion and Audi followed by paying nearly $900 million to Munich prosecutors. Parent company VW said last week the overall impact of the diesel scandal has now reached about $34 billion.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: slacker711 who wrote (9983)5/8/2019 10:24:13 PM
From: Lou Weed
   of 10481
 
Yep - I think we're on the cusp of something really big here. I took a position in NIO recently -

BB

Share RecommendKeepReplyMark as Last Read


From: Lou Weed5/14/2019 9:17:33 AM
1 Recommendation   of 10481
 
Pretty big deal this one :-)

finance.yahoo.com

B2

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: Lou Weed who wrote (9985)5/14/2019 9:34:17 AM
From: OldAIMGuy
   of 10481
 
....and the beat goes on......

The transition to SiC overall should bode well for the company. It will be nice to see it show up on the bottom line in the future.

Share RecommendKeepReplyMark as Last Read


From: slacker7115/14/2019 9:39:05 AM
   of 10481
 
Cree presenting tomorrow at the JP Morgan conference.

I hope analyst conferences become a normal part of their investor relations. It provides a format to give a much deeper dive into the company.

investor.cree.com

Share RecommendKeepReplyMark as Last Read


From: slacker7115/21/2019 9:23:59 AM
   of 10481
 
Qorvo warned. It is possible that they were supplying GaN on SiC products for Huawei's network infrastructure.

ir.qorvo.com

Huawei and its affiliates have purchased multiple products from Qorvo’s Mobile Products and Infrastructure and Defense Products operating segments, and sales to Huawei and its affiliates accounted for approximately $469 million or 15% of Qorvo’s total revenue in its fiscal year ended March 30, 2019. Qorvo is continuing to review the impact of the BIS action on its business, including its ability to apply for and obtain licenses to allow it to ship products to Huawei in the future. Pending further developments, Qorvo has ceased shipments to Huawei and its affiliates and cannot predict when it will be able to resume such shipments.

Share RecommendKeepReplyMark as Last Read


From: slacker7116/17/2019 12:14:14 PM
1 Recommendation   of 10481
 
Cree gets new Street-high target
Jun. 17, 2019 6:58 AM ET|About: Cree, Inc. (CREE)|By: Brandy Betz, SA News Editor
JMP Securities raises its Cree (NASDAQ:CREE) PT from $71 to $81 and maintains a Market Outperform rating.

Last week, Cree cut its Q4 outlook due to the U.S. actions against Huawei and softer demand for LED products.

Cree shares closed Friday down 5.8% to $54.58.

Cree has a Neutral Quant rating, SA Authors' rating, and Sell Side rating.

Update with details from the note:

Analyst Joseph Osha praises Cree's expansion of its silicon carbide capacity and says a recent meeting with management left him with "more visibility into the company’s financial model."


Osha sees Cree' semi business growing 30% to 40% annually for several years.

seekingalpha.com

Share RecommendKeepReplyMark as Last Read
Previous 10 Next 10