Cree’s mix of businesses has changed substantially over the past five years. For decades,  the company has leveraged its expertise in silicon carbide technologies to manufacture Light Emitting Diodes (LEDs), focusing in particular on high power, high-performance devices. It has also used these technologies to manufacture special purpose Power and RF (i.e., radio frequency) devices. It has recently branded this separate business and plans to issue a tranche of its shares to the public in the near future.

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