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Technology Stocks : Cree Inc. -- Ignore unavailable to you. Want to Upgrade?


To: slacker711 who wrote (10391)7/12/2021 7:54:54 PM
From: EvanG  Read Replies (1) | Respond to of 10476
 
FWIW, I doubt that they are going to fund much of their next fab. They received $500 million in subsidies before semis were considered a national priority by every region.

Cree needed to raise $500 million in February for the current fab. STM is investing $1.8 billion to $2 billion in CAPEX this year, which includes pulling forward their SiC substrate efforts. Just saying that size investment barely dents their finances and they didn't need to dilute their shareholders.

It will probably be 24 month before we can even begin to see what the results look like with the ramp of the Mohawk fab.

Gregg Lowe keeps making it sound like it will be early next year. Think 24 months would be a surprise to most investors.