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Updated: July 8th, 2008 05:26 PM CDT

Cree Introduces GaN HEMT to Broaden WiMAX Power Transistor Options

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About WiMAX

WiMAX is a standards-based wireless technology that provides high-throughput connections over long distances. It can be used for multipleapplications, including last mile broadband access, hotspots, cellularbackhaul, high-speed enterprise connectivity, and non line-of-sight mobileconnectivity.

About Cree, Inc.

Cree is a market-leading innovator and manufacturer of semiconductors anddevices that enhance the value of solid-state lighting, power andcommunications products by significantly increasing their energy performanceand efficiency. Key to Cree's market advantage is its world-class materialsexpertise in silicon carbide (SiC) and gallium nitride (GaN) for chips andpackaged devices that can handle more power in a smaller space while producingless heat than other available technologies, materials and products.

Cree drives its increased performance technology into multipleapplications including exciting alternatives in brighter and more tunablelight for general illumination, backlighting for more vivid displays,optimized power management for high-current switch-mode power supplies andvariable speed motors, and more effective wireless infrastructure for data andvoice communications. Cree customers range from innovative lighting-fixturemakers to defense-related federal agencies.

Cree's product families include blue and green LED chips, lighting LEDs,LED backlighting solutions, power-switching devices and radio-frequency/wireless devices. For additional product specifications please referto www.cree.com.

This press release contains forward-looking statements involving risks anduncertainties, both known and unknown, that may cause actual results to differmaterially from those indicated. Actual results may differ materially due to anumber of factors, such as the risk we may encounter delays or otherdifficulties in ramping up production of our new products; the risk we may beunable to manufacture products with sufficiently low cost to offer them atcompetitive prices or with acceptable margins, the rapid development of newtechnology and competing products that may impair demand or render ourproducts obsolete; the potential lack of customer acceptance for the products;variations in demand for Cree's products and its customers' products; andother factors discussed in Cree's filings with the Securities and ExchangeCommission, including its report on Form 10-K for the year ended June 26,2005 , and subsequent filings.


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