Cree achieved revenue growth of 17% in the last quarter. Huizhou Cree grew simultaneously

"New Industry" reporter Luo Gemei

Recently, LED manufacturer Cree, Inc. announced the first quarter of fiscal year 2013 (July-September 2012) financial report. The financial report shows that during the reporting period, the company achieved revenue of 315.8 million US dollars, and revenue increased by 17% annually. 3%. Gross profit margin for the quarter rose to 37.5% from 37.4% in the same period last year.

Cree Chairman and CEO Chuck Swoboda said that the company's revenue in July-September hit a record high in the previous quarter. The backlog of orders received is significantly higher than last quarter, but the visibility of subsequent orders is still limited and the economic environment is still full of challenges. Swoboda said that the company's LED lighting business, which relies on the vertical integration model, has begun to show great leverage.

Huizhou Cree Semiconductor Lighting Co., Ltd. (hereinafter referred to as “Huizhou Cree”) is the first chip production base outside Cree in the United States. At present, 90% of the company's packaged devices are produced at Huizhou base. In the first half of 2012, Huizhou Cree achieved a contrarian growth, with sales revenue increasing by 15% year-on-year.

Huang Ying, the marketing department of Cree China, revealed to the “New Industry” that benefiting from leading technology, Huizhou Cree also achieved simultaneous growth in July-September 2012. Huang Ying said that leading technology has always been the driving force and key to the growth of Huizhou Cree, including core substrate technology, key chip process, innovative packaging platform and advanced process production.

Huang Ying also said that China Career will continue to deepen the important development strategy of “Keuixin•China” and work closely with relevant government departments, industry organizations, enterprises and research institutes to jointly promote the development of LED industry and accelerate the popularization of LED. .

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