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Cree to Acquire Intrinsic Semiconductor

Cree, Inc., a developer and manufacturer of semiconductor materials and electronic devices made from silicon carbide (SiC), has signed a definitive agreement to acquire privately held INTRINSIC Semiconductor Corporation, a researcher and developer of low defect density SiC substrates. Under the terms of the agreement, Cree will acquire all of the outstanding INTRINSIC capital stock and options based on a valuation of $46 million, with approximately $43.5 million to be paid in cash for the outstanding stock and the remainder to be paid through the assumption of outstanding INTRINSIC stock options. Integration of INTRINSIC’s technology into Cree’s materials product line should accelerate development of larger- diameter, high-quality SiC wafers, which should enable new high-power semiconductor devices and lower-cost LEDs. “INTRINSIC has developed the first commercially available, zero micropipe SiC substrates using their ZMP(TM) technology. We believe the combination of Cree’s technology and manufacturing expertise with INTRINSIC’s ZMP technology will accelerate the commercialization of low-defect 100mm and 150mm substrates. These substrates should not only support our cost roadmap for LEDs, but more importantly, they should also enable us to more rapidly commercialize higher-power devices for motor-control applications and hybrid vehicles,” stated Chuck Swoboda, Cree’s chairman and CEO. “We are extremely pleased […]

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US Senate Passes DoD Renewable Energy Amendment

U.S. Senator Robert Menendez (D-NJ) hailed the Senate’s passage of his amendment last Thursday to increase the Department of Defense’s consumption of renewable energy – a measure that sets a statutory goal for the department of acquiring 25 percent of its electric from renewable energy sources by the year 2025. The Department of Defense currently acquires over eight percent of its electricity from renewable sources. The Menendez measure, co-sponsored by Senator Jeff Bingaman (D-NM), is an amendment to the Department of Defense Authorization bill and was passed Tuesday by the Senate with unanimous consent. “As the federal government’s largest consumer of energy, the Defense Department can be at the vanguard of renewable energy consumption,” Menendez said. “The federal government must lead by example if more American businesses and families are to increase their usage of renewable energy.” The Department of Defense is the federal government’s most prolific user of electricity, using 55 percent of the government’s total consumption. By using renewable sources of electricity, the Defense Department would greatly impact the government’s overall demand for electricity. Renewable sources of energy include wind, solar, biomass, landfill gas, ocean, geothermal, municipal solid waste, and new hydroelectric generation capacity. The Defense Department has […]

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Oregon Adopts Tougher Emissions Rules

URL: http://www.oregonlive.com/news/oregonian/index.ssf?/base/news/115103133634210.xml&coll=7 Website: http://www.oregonlive.com/news/oregonian/index.ssf?/base/news/115103133634210.xml&coll=7     

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New York City Seeks To Mandate Carbon Dioxide Emissions Cut

URL: http://www6.lexisnexis.com/publisher/EndUser?Action=UserDisplayFullDocument&orgId=1925&topicId=100002042&docId=l:398823515&start=2 Website: http://www6.lexisnexis.com/publisher/EndUser?Action=UserDisplayFullDocument&orgId=1925&topicId=100002042&docId=l:398823515&start=2     

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