Cree, Inc. provides lighting-class light emitting diode (LED), lighting, and semiconductor products for power and radio-frequency (RF) applications in the United States, China, Europe, South Korea, Japan, Malaysia, Taiwan, and internationally. It operates in three segments: Wolfspeed, LED Products, and Lighting Products.
Cree was the it company years ago because when LED were just coming onto the scene, they were the leaders in the field. However, Cree couldn’t hold the lead and it became evident when they announced their quarterly earnings this past week.
The company reported fiscal third-quarter net losses of $227.9 million, or 22 cents a share, compared with losses
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