CREE focus on LED lighting

Many people may be familiar with Cree because of commercial buildings, parking and street LED lamps. Since 2011 from the acquisition of Ruud Lighting, the company's main business focus on Wisconsin (WI) Racine. 2013, Cree LED household light bulbs bring into the consumer market. The best-known product is the Cree LED lighting products. Cree companies to present their business is divided into three sections. In addition to its lighting products division, as well as power supply and radio division, as well as the electronic products LED chip LED products division.

Cree LED Products Division is the largest division in the fiscal year 2014 revenue of $ 833.7 million. The company's lighting products division revenue of $ 706.4 million. Meanwhile, the power supply and RF business in fiscal year 2014 revenues of $ 107.5 million.

Power and RF Division is Cree's smallest business unit, but it has been in a growth trend. Last month reported third-quarter results show the power and RF revenue of $ 31 million, up 13% over last year.

Cree has arranged new executive for its power and RF Division. Cree said in a securities filing, will be appointed telecommunications industry veteran Franco Plastina served as interim executive power and RF Division vice president, effective June 8. Plastina former Nortel executives, who later became Tekelec's CEO, this company is located in the United States Morrisville, North Carolina, is committed to providing the hardware and software for the telecommunications industry, it was acquired by Oracle in 2013.