News Article
Investment & expansion
Cree plans to expand its manufacturing and R&D operations in North Carolina with initial expansion activity beginning in the autumn of 2004.
Cree plans to expand its manufacturing and R&D operations in North Carolina with initial expansion activity beginning in the autumn of 2004. Cree expects the project to include the expenditure of a minimum of $300mn in plant and equipment and the creation of at least 300 new jobs over the next 5 years. Some $5.1mn in incentives related to job creation, capital expenditures and R&D activity have been made available by the US state of North Carolina. Chuck Swoboda, Cree president and CEO of Cree, says: "This expansion will help Cree support the strong demand for our LED chip products and position the company for our targeted future growth not only in LED chips, but also our new XLamp and power product lines."
Cree produces devices using silicon carbide (SiC), gallium nitride (GaN) and silicon (Si) materials technology. Products include blue, green and near ultraviolet (UV) light emitting diodes (LEDs), near UV lasers, radio frequency (RF) and microwave devices, and power switching devices. Potential applications for these products include solid-state illumination, optical storage, wireless infrastructure and power switching.
