Cree Inc. is a US based manufacturer and innovator of lighting-class LEDs, radio frequency and power devices. It competes with General Electric Co., Hubbell Inc and many other companies. The company derives its revenue from operations in three major geographical locations: China, Europe and United States. As of the year ended June 30, 2019, the revenues from the different geographical regions came in at. And let’s look into CREE Revenue by Region data here.
Revenue (in million USD)
Revenue is attributed to a particular geographical region based on the shipping address for the products.
All the geographical regions reported a slight growth in revenue compared to the year ended June 24, 2018, excluding China. This could be related to global market uncertainty with China in light of the United States and China tariff and trade dispute and current market dynamics. United States reported 18 per cent growth while Europe reported a whopping 52 per cent growth in revenue. This could be linked to the acquisition of RF power division, focused investment and research and development efforts taken by the company. Investments are mostly encouraged by the incentives received from foreign governments, mostly Asian countries, to boost local companies.
Cree Inc., headquartered in Durham, North Carolina, is an innovator of wide bandgap semiconductor products for power and RF devices. The company’s products are targeted for applications such as transportation, inverters, indoor and outdoor lighting, signals and video displays.
Operating in two reportable segments, LED products and Wolfspeed, the company is focused on improving customer experience and service levels in both businesses along with investments directed t business expansion and development of best-in-class technology.
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