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Cree Gets $70 Million in New Orders

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DURHAM, N.C., Aug. 7 -- Cree Inc., developer and marketer of electronic devices made from silicon carbide, has received $70 million worth of orders from Asian and European customers. One of the customers was Osram Opto Semiconductors GmbH & Co., which signed a one-year purchase agreement with Cree for standard brightness, high brightness, and small chip silicon carbide LEDs and wafer products. Osram's is the largest product contract to date, said Cree. With a record backlog, we are well positioned to meet our goals with robust demand for our LEDs in high volume applications, said...Read full article

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    Published: August 2000
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