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   Technology StocksCree Inc.

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From: slacker7115/8/2019 4:32:37 PM
   of 10165
Reasonably priced EV's are coming. We just need to see what customer demand looks like.

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

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To: slacker711 who wrote (9983)5/8/2019 10:24:13 PM
From: Bungalow Bill
   of 10165
Yep - I think we're on the cusp of something really big here. I took a position in NIO recently -


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From: Bungalow Bill5/14/2019 9:17:33 AM
1 Recommendation   of 10165
Pretty big deal this one :-)


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To: Bungalow Bill who wrote (9985)5/14/2019 9:34:17 AM
From: OldAIMGuy
   of 10165
....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.

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From: slacker7115/14/2019 9:39:05 AM
   of 10165
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.

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From: slacker7115/21/2019 9:23:59 AM
   of 10165
Qorvo warned. It is possible that they were supplying GaN on SiC products for Huawei's network infrastructure.

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.

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From: slacker7116/17/2019 12:14:14 PM
1 Recommendation   of 10165
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.

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To: slacker711 who wrote (9928)7/25/2019 4:04:44 PM
From: slacker711
1 Recommendation   of 10165
STM expects their SiC sales to grow from $100m last to $200m in 2019.

They are also very bullish on the acceleration of 5G. They are using GaN on Si from Macom for their 5G products so I find their less than overwhelming endorsement of Macom interesting. Macom had some pretty big layoffs at the end of June.

For silicon carbide products, we continue to increase revenues and the number of design-in activities with multiple customers. We now have 33 ongoing programs. This number includes both Automotive and Industrial programs, awarded or in production. We are on track for over $200 million of revenues this year.


Sébastien Sztabowicz

Yes. One on your 5G market opportunity. You target more than 50% market share in supply for base stations mid-term. Do you have the design wins already in your hand today? And what kind of market size opportunity are we talking about here, please?

Jean-Marc Chery

So, Marco will take it.

Marco Cassis

Yes. Okay. So, I think you have mainly related to the -- our collaboration with MACOM. So, what we can say in this moment is that we acknowledge the change of management at MACOM and we are continuously working with them and develop the market with them. So, we have no further update from this point of view.

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From: slacker7118/6/2019 10:46:40 AM
1 Recommendation   of 10165
Cree and ON Semiconductor Announce Multi-Year Silicon Carbide Wafer Supply Agreement
AUGUST 6, 2019
Agreement to boost commercial expansion of SiC in automotive and industrial applications

DURHAM, N.C. – Cree, Inc. (Nasdaq: CREE) and ON Semiconductor Corporation (NASDAQ: ON) announced the execution of a multi-year agreement where Cree will produce and supply its Wolfspeed® silicon carbide wafers to ON Semiconductor, a global semiconductor leader serving customers across the spectrum of electronics applications. The agreement, valued at more than $85 million, provides for the supply of Cree’s advanced 150mm silicon carbide (SiC) bare and epitaxial wafers to ON Semiconductor for use in high-growth markets, such as electric vehicle and industrial applications.

“ON Semiconductor continues to be a leader in driving the development of energy efficient innovations and devices,” said ON Semiconductor Vice President & Chief Procurement Officer Jeffrey Wincel. “Partnering with Cree is essential in maintaining a world-class supply base. This agreement supports our commitment to growing automotive and industrial applications and ensuring the availability of industry-leading silicon carbide that helps engineers solve their unique design challenges.”

“We are committed to leading the global semiconductor market’s transition from silicon to silicon carbide solutions and are pleased to support ON Semiconductor as we work to accelerate this market,” said Cree CEO Gregg Lowe. “This is the fourth major long-term agreement for silicon carbide materials that we have announced in the past year and a half. We will continue to drive silicon carbide adoption and availability through ongoing wafer supply agreements, such as this, and our recently announced major capacity expansion.”

Wolfspeed, A Cree Company, is the global leader in the production of silicon carbide and epitaxial wafers.

About Cree

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To: slacker711 who wrote (9991)8/6/2019 10:49:00 AM
From: slacker711
   of 10165
I had thought that Cree and On had already signed a wafer supply agreement. Who was this?

Cree, Inc. Announces Long-Term Silicon Carbide Wafer Supply Agreement with a Leading Global Semiconductor Company
OCTOBER 16, 2018
DURHAM, N.C. -- Cree, Inc. (Nasdaq: CREE) announces that it signed a strategic long-term agreement to produce and supply its Wolfspeed® silicon carbide wafers to one of the world’s leading power device companies. The agreement, valued at more than $85 million, governs Cree’s supply of advanced 150 mm silicon carbide bare and epitaxial wafers during this period of extraordinary growth and demand for silicon carbide power devices.

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