Cree to Sell Wolfspeed to Infineon for $850 Million Cash

DURHAM, N.C.-- Cree, Inc. (CREE), a market leader in LED lighting, today announced execution of a definitive agreement to sell its Wolfspeed Power and RF division (“Wolfspeed”), which includes the silicon carbide substrate business for power, RF and gemstone applications, to Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) for $850 million in cash.
 
In 2015, the Company announced its strategy to become a more focused LED lighting company. As part of that strategy, the Company also announced the proposed IPO of Wolfspeed to create a more focused Power and RF management team, raise capital to fuel Wolfspeed’s growth and unlock value for Cree shareholders.
 
Subsequent to that announcement, the Company was approached by several parties interested in acquiring the business directly. After evaluating the strategic options, the Company concluded that selling Wolfspeed to Infineon is the best decision for our shareholders, employees and customers.
Read more: Cree Inc ( CREE )

Aehr Test Systems Receives $4.5 Million Order for New FOX-XP™ Wafer Level Test and Burn-in System

FREMONT, Calif., June 07, 2016 -- Aehr Test Systems (AEHR), a worldwide supplier of semiconductor test and burn-in equipment, today announced that it has received the first order for its new FOX-XP production test cell. The order totals over $4.5 million and includes a FOX-XP Multi-Wafer Test and Burn-in System, a FOX-XP WaferPakTM Aligner, and an initial set of FOX-XP WaferPak Contactors. $1.4 million of the order is shippable and payable immediately, and the remaining shipments and revenue from this sale are expected to continue through early calendar 2017.
 
Gayn Erickson, President and CEO of Aehr Test Systems, commented, “We are very excited about this new customer for our FOX-XP multi-wafer burn-in and test system and to receive the first order for a full production test cell of this new product. The customer is one of the world’s largest semiconductor manufacturers and has selected the FOX-XP solution for a high-volume production application where extended burn-in is required to meet their stringent quality standards. The customer’s end product will be used for high-speed communications in enterprise and server applications. It is much more cost-effective to do the burn-in required for this critical application at the wafer level on our new FOX-XP platform instead of in package form.
Read more: Aehr Test Systems ( AEHR )

Applied Materials Announces Second Quarter 2016 Results

Applied reports EPS of $0.29; non-GAAP EPS of $0.34 at high end of guidance range 
Generates $3.5 billion in new orders, highest in 15 years  
Returns $1 billion to shareholders through dividends and share repurchases
Expects record earnings per share in the third quarter of 2016
 
SANTA CLARA, Calif., May 19, 2016  -- Applied Materials, Inc. (AMAT) today reported results for its second quarter ended May 1, 2016.
 
Second quarter orders were $3.45 billion, up 52 percent sequentially and up 37 percent year over year. Backlog increased to $4.17 billion. Net sales of $2.45 billion were up 9 percent sequentially, flat year over year, and near the high end of guidance.
 
The company recorded gross margin of 41.0 percent, operating margin of 17.3 percent, and net income of $320 million or $0.29 per diluted share. On a non-GAAP adjusted basis, the company reported second quarter gross margin of 42.7 percent, operating margin of 19.2 percent, and net income of $376 million or $0.34 per diluted share.
Read more: Applied Materials Inc ( AMAT )

AXT, Inc. Announces First Quarter 2016 Financial Results

FREMONT, CA--(Marketwired - May 2, 2016) - AXT, Inc. (NASDAQ: AXTI), a leading manufacturer of compound semiconductor substrates, today reported financial results for the first quarter, ended March 31, 2016.

First Quarter 2016 Results
 
Revenue for the first quarter of 2016 was $18.7 million, compared with $18.1 million in the fourth quarter of 2015.
 
Gross margin was 28.1 percent of revenue for the first quarter of 2016, compared with 17.1 percent of revenue in the fourth quarter of 2015.
 
Operating expenses were $4.8 million in the first quarter of 2016, compared with $4.8 million in the fourth quarter of 2015. 
Read more: AXT Inc ( AXTI )

Resonant Signs Its First Licensing Agreement with Existing Tier One Customer

2016-04-27 07:30 ET -- Agreement Includes Two RF Front End Duplexers Targeted for Mass Production as Early as Year End 2016 --

GOLETA, Calif. --  Resonant Inc. (NASDAQ: RESN), a designer of filters for radio frequency, or RF, front-ends that specializes in delivering designs for difficult bands and complex requirements, today announced it signed its first licensing agreement with an existing customer. This license agreement follows the development engagement that was outlined in the memorandum of understanding signed with this customer in February 2016.

“Securing our first licensing agreement is the next major milestone resulting from years of development of our Infinite Synthesized Network®, or ISN®, tools and technology. 

Read more: Resonant Inc ( RESN )

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