Cree Licenses GaN Power Patents to Nexperia

Nexperia Joins a Growing List of Companies Licensed to Cree’s GaN
Power Device Patents

DURHAM, N.C.–(BUSINESS WIRE)–Cree, Inc. (NASDAQ: CREE) announces that it signed a non-exclusive,
worldwide, royalty-bearing patent license agreement with Nexperia BV, a
Dutch company. The agreement provides Nexperia access to Cree’s
extensive gallium nitride (GaN) power device patent portfolio, which
includes over 300 issued U.S. and foreign patents that describe
inventive aspects of high electron mobility transistor (HEMT) and GaN
Schottky diode devices. The portfolio addresses novel device structures,
materials and processing improvements, and packaging technology. The
patent license involves no transfer of technology.

“Cree was founded to develop novel compound semiconductor materials like
GaN and SiC and to create devices that capitalize on their unique
properties,” said John Palmour, Cree co-founder and CTO of Wolfspeed, a
Cree company. “Cree’s decades of innovation are now yielding devices
that enable market introductions of new power management and wireless
systems. To help facilitate the growth of these new markets, Cree is
licensing its GaN power device patents for GaN power-management systems.”

Information about Cree’s GaN power device license program may be found
at www.cree.com/about-cree/licensing/licensing-programs
or may be obtained by sending an email to [email protected].

About Cree, Inc.:

Cree is an innovator of Wolfspeed™ power and radio frequency
(RF) semiconductors, lighting class LEDs and lighting products. Cree’s
product families include SiC materials, power-switching devices and RF
devices targeted for applications such as electric vehicles, fast
charging, invertors, power supplies, telecom and mil/aero. Cree’s LED
product families include blue and green LED chips, high-brightness LEDs
and lighting-class power LEDs targeted for indoor and outdoor lighting,
video displays, transportation and electronic signs and signals. Cree’s
LED lighting systems and lamps serve indoor and outdoor applications.

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

Forward Looking Statements:

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 customer acceptance of
our new products; 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 25, 2017, and subsequent filings.

Cree® is a registered trademark and Wolfspeed™ is a trademark
of Cree, Inc.

Contacts

Cree, Inc.
Claire Simmons
Corporate Communications
[email protected]