CREE, INC.: directors' dealings · United States · SEC (Form 4)

About CREE, INC.

CREE, INC. is a U.S.-based semiconductor and power-materials company historically known for advanced wide-bandgap technologies. The business was founded in 1987 in the United States and is headquartered in Durham, North Carolina. On the public markets, the company has long been associated with the NASDAQ ticker CREE; in recent corporate disclosures, however, the operating platform is largely identified under the Wolfspeed brand, reflecting a strategic pivot toward silicon carbide (SiC) materials and power devices. For French-, Belgian- and Swiss-based investors, the key point is that CREE should be understood as an exposure to a critical semiconductor franchise tied to electrification and energy efficiency. The company’s core activities center on SiC materials, power semiconductors, MOSFETs, modules, and RF devices used in electric vehicles, EV charging infrastructure, solar inverters, industrial power supplies, data centers, and other high-performance power-conversion applications. Historically, Cree also had a meaningful LED/lighting business, but over time the company has been reshaped through divestitures and portfolio simplification, leaving a much stronger focus on Wolfspeed’s compound-semiconductor platform. Competitive positioning is driven by scale in SiC manufacturing, process yield, customer qualification, and the ability to support demanding industrial and automotive design cycles. The company competes with major global semiconductor players active in SiC and other power technologies. Geographically, the business remains anchored in the United States, with Durham, North Carolina as its principal headquarters and a major center for research, development, and manufacturing. At the same time, its customer base is global, spanning North America, Europe, and Asia, which reflects the international nature of the automotive, industrial, and energy markets it serves. The company’s manufacturing and R&D footprint is designed to support a vertically integrated SiC supply chain and to meet long-term demand in strategic end markets. Recent developments underscore both the opportunity and the execution risk. In 2025, Wolfspeed appointed Robert Feurle as CEO, signaling a new operating phase focused on profitability and industrial execution. In March 2026, the company announced the industry’s first commercially available 10 kV SiC power MOSFET, highlighting technological leadership in grid modernization, industrial electrification, and AI/data-center infrastructure. Also in 2026, Wolfspeed completed a refinancing and equity transaction intended to reduce debt and lower annual interest expense. Overall, the equity story combines structural growth potential in power semiconductors with a still-elevated risk profile tied to capital intensity, balance-sheet management, and manufacturing ramp execution.