In May 2017, Cree CEO Chuck Swoboda will leave after 16 years in office, but will remain in office until the new CEO is appointed, and may later serve as a company consultant. Swoboda's decision is related to his recent physical condition. In addition, Cree board member Robert Ingram will serve as the former chairman of Swoboda.
Recently, Cree announced that Gregg Lowe will serve as the company's president and CEO from September 27.
Cree President and CEO Gregg Lowe
It is understood that Lowe has a large number of leadership experience and rich industry experience in the semiconductor field. From 2012 to 2015, he served as president and CEO of Freescale Semiconductor, a $5 billion Freescale Semiconductor company. The company was acquired by NXP Semiconductors in 2015, and Qualcomm announced in the fourth quarter of 2016 that it is acquiring NXP. Freescale Semiconductor has 17,000 employees serving the automotive, industrial, consumer and communications markets. Prior to that, he worked for Texas Instruments for 28 years as a senior vice president and leader in the analog business.
Cree's new chairman, Robert Ingram, said: "Gregg Lowe is an outstanding leader and visionary industry. "We are proud that he has accepted the position of CEO and is ready to bring this innovative, technology-rich company. Bring into the future. â€
In fact, in the face of strong competition from Asia, especially Chinese LED companies, Cree's life is not good.
In May of this year, Cree announced that its fiscal year 2017 Q3 (as of the end of March) revenue of $342 million, down 7% from the same period last year. Cree's net loss for the quarter was $0.99 million, or equivalent to a loss of $1.02 per share, which was not as good as $152,000 in the same period last year.
In August of this year, Cree announced that its fourth quarter of fiscal 2017 achieved revenue of $359 million (equivalent to approximately RMB 2.394 billion), which was 8% lower than the fourth quarter fiscal 2016 revenue of $388 million, but with 2017. Compared with the third quarter, it increased by 5%.
For the entire fiscal year 2017, Cree, Inc. achieved revenues of $1.5 billion, a 9% drop from the 2016 fiscal year revenue of $1.6 billion. According to US General Accounting Standards (GAAP), the net loss for the fiscal year 2017 was $98 million (or a diluted loss of $1.00 per share).
In October 2016, Cree shocked the news of the layoffs, and then the company rushed to blame them for the very small layoffs. According to US sources, a small number of employees of the company in Racine, Wisconsin, in the north-central United States, were responded to in response to the company’s current business conditions, which are measures taken after LED sales are not as good as the company’s expectations. .
On February 16, 2017, Cree announced that it will discontinue the Wolfspeed Power and RF Division ("Wolfspeed") sale, which includes silicon carbide (FSE: IFX / OTCQX: IFNNY) power supply, substrate business for RF and gemstone applications. Cree and Infineon were unable to determine alternatives to national security issues of concern to the US Foreign Investment Committee (CFIUS) and therefore the proposed transaction would be terminated.
However, Cree announced in April this year that it has established a medium-power LED joint venture with Sanan to solve the problem of insufficient capacity for long-term development and weak competitiveness of the medium-power LED market.
The new joint venture company "Cree Venture LED Company Limited" will bring together the strengths of the two companies in terms of channel, patent, production and quality, bringing the market's latest and strongest and most complete mid-power LED package products to correspond to the global $4 billion In the mid-power LED packaging product market, by integrating this joint venture's mid-power products, Cree can provide a complete product line to serve the indoor and outdoor general lighting market, plant lighting and other ever-changing lighting markets.
Cree Chairman and Chief Executive Officer Chuck Swoboda said: "This joint venture company is based on the strengths of the two companies in terms of products, brands and channels, so that Cree can provide a complete line of high-power to medium-power LED products to correspond Different product applications are required."
Undoubtedly, Lowe will face some challenges at Cree after taking office. However, Lowe is obviously well prepared. Lowe said: "I want to thank Chuck Swoboda for leading the company for the past 16 years." "He led Cree to become an industry leader in multiple businesses. Cree's innovation engine is unparalleled in the industry. I am honored to be this A team member, looking forward to working with employees and the board of directors to establish a clear vision for the company's development."
Investment research firm CFRA said that due to his background in the semiconductor industry, recruiting Lowe makes sense.
“We believe that Mr. Lowe's work experience in the industrial and consumer markets will be an asset that he can help Cree enter the automotive arena,†Angelo Zino wrote in a note.
Description of Antenk's Slim D-Sub Connector
D-Sub Connector Slim is a space-saving D-sub Socket Connector with an 8.54mm depth. The slim 8.54mm depth reduces the board mounting area by 33% as compared with standard models. The Slim Profile D-Sub Connectoroffering includes D-sub sockets with nine right-angle DIP terminals and a mounting board thickness of either 1.6 mm or 1.0 mm (from difference in lock pin structure). RoHS compliant, Slim D-Sub Connector offers a 3A rated current, 300VAC rated voltage, and an insertion durability of 100 times within an operating temperature range of -25º to 105ºC.
Features of Antenk's Slim D-Sub Connector
Board mounting area is reduced by 33% (compared with standard models) using a depth of 8.4mm
D-sub sockets with nine right-angle DIP terminals
Mounting board thickness of either 1.6mm or 1.0mm (from difference in lock pin structure)
RoHS Compliant
Applications of Antenk's Slim D-Sub Connector
Factory Automation
Machine Tools
Power SuppliesMedical Tools
Test & Measurement
LSI/FPD Manufacturing Systems
Information Transmission Tools
Security Tools
Industrial Tools
Slim D SUB Connector,High Density D-Sub Connector Slim, Solder type D-Sub Connector Slim,Right Angle D SUB Connector Slim, slim profile 90°- SMT D SUB Connector,9 15 25pin slim profile 90°- THT D SUB Connector
ShenZhen Antenk Electronics Co,Ltd , http://www.coincellholder.com