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

To: slacker711 who wrote (10417)8/25/2021 5:18:38 PM
From: EvanG  Read Replies (2) | Respond to of 10608
STMicroelectronics was guiding to $450-$500 million for 2021 in their 4Q20 call. Then updated it to $550 million in 1Q21 call.

With most of growth in 2nd half, was expecting Cree guidance to be stronger because of that. The part of Malaysia that was locked down, was down for a good portion of July so perhaps that explains it.

But going from a run rate of $300 million in 4Q20 to $550 million for 2021 is a sizable wafer revenue going somewhere over the 2nd half of this year.