Cree Inc is a North Carolina Corporation established in 1987. The Company manufactures lighting-class light emitting diode (LED) products, lighting products and semiconductor products for power and radio-frequency (RF) applications. Its products are used in applications such as indoor and outdoor lighting, video displays, transportation, electronic signs and signals, power supplies, solar inverters and wireless systems. It develops, manufactures, and sells power and RF devices based on bandgap semiconductor materials such as SiC and gallium nitride (GaN). Its geographic areas include North Carolina, Wisconsin and China. Its segments are Lighting Products, LED Products, Power and RF Products. Its Lighting Products segment consists of LED lighting systems and bulbs, LED Products segment includes LED chips, LED components and SiC materials, Power and RF Products segment includes power devices and RF devices. The Company competes with traditional lighting fixture companies, lamp manufacturers and from non-traditional companies focused on LED lighting systems including fixtures and lamps, such as Acuity Brands, Inc., the Cooper Lighting division of Eaton Corporation plc, General Electric Company, Hubbell Incorporated, Philips and OSRAM. The Company owned approximately 1,575 issued U.S. patents and approximately2,725 foreign patents with various expiration dates extending up to 2040.