Cree Ships More Than 10 Million Watts of Commercial RF Power Transistors and High Power MMIC Amplifiers

DURHAM, N.C. -- Cree, Inc. (Nasdaq: CREE) announces that, as of April 2011, the company’s RF business unit has shipped commercial GaN-on-SiC RF power transistor and MMIC products with more than 10,000,000 watts of combined RF output power. This milestone demonstrates the consistency, reliability and proven performance of Cree’s GaN HEMT and GaN MMIC technology. The 10 million watt figure includes only commercial RF products and excludes an additional 1.5 million watts shipped for GaN MMIC foundry services.

Cree attained this milestone while maintaining a remarkable failure-in-time rate (FIT rate) of less than 10-per-billion device hours, which is up to 80% lower than the typical FIT rates for other RF power transistor technologies.

“We have achieved more than 1.4 billion total hours of field operation for our GaN-on-SiC devices, coupled with reliability that surpasses other high voltage silicon or GaAs technologies. This is the largest known body of fielded data accumulated by any domestic GaN supplier to date and includes not only discrete transistors but complex multi-stage GaN MMICs as well. The 10 million watt milestone is a testament to the rapid adoption of our GaN technology—not only for military applications, but for telecom base stations, wide band test equipment, civil radar and medical applications as well. If our expansion into these new market segments continues at the current rate, we have the potential to double the 10 million watt milestone by the end of calendar 2011,” explained Jim Milligan, Cree, director of RF.

As the largest U.S. producer of GaN-on-SiC RF wafer processing technology, Cree has developed a comprehensive range of GaN HEMTs and GaN MMICs designed to enable broadband, high efficiency and reliable performance across an increasing array of RF and microwave applications.

Cree has a 25-year history of bringing creative, ground-breaking innovations to the semiconductor industry and has always been at the forefront of technology – from the earliest days of blue LEDs, to the design of the world’s first SiC MOSFET and the creation of the world’s first GaN-on-SiC MMIC.

About Cree
Cree is a market-leading innovator of semiconductor solutions for wireless and power applications, lighting-class LEDs, and LED lighting solutions.

Cree's product families include power-switching devices and radio-frequency/wireless devices, blue and green LED chips, high-brightness LEDs, lighting-class power LEDs, and LED fixtures and bulbs. Cree solutions are driving improvements in applications such as variable-speed motors, wireless communications, general illumination, backlighting and electronic signs and signals.

For additional product and company information, please refer to www.cree.com.

This press release contains forward-looking statements involving risks and uncertainties, both known and unknown, that may cause actual results to differ materially from those indicated. Actual results may differ materially due to a number of factors, including the risk we may not obtain sufficient orders to achieve the potential shipment volumes; the rapid development of new technology and competing products that may impair demand or render Cree’s products obsolete; and other factors discussed in Cree’s filings with the Securities and Exchange Commission, including its report on Form 10-K for the year ended June 27, 2010, and subsequent filings.