Cree receives US$36 million in additional orders

• Book ID: 104365216
• Publisher: Elsevier Science
• Year: 2000
• Tongue: English
• Weight: 90 KB
• Volume: 13
• Category: Article
• ISSN: 0961-1290
• DOI: 10.1016/s0961-1290(00)90161-3

✦ Synopsis

Cree receives US$36 million in additional orders

CREE, Inc (Durham, NC, USA) has received several new orders, primarily from Taiwanese and other Asian customers, valued at US$36 million for LED devices. These purchase commitments target new and emerging applications, including cellular phones and other consumer products. These orders add to Cree's backlog and increase its sales visibility into December 2000. Chuck Swoboda, president and COO commented, "The new orders we've received strengthen Cree's position as a market leader in high