> I'd love to find out how they managed to stay on top.
Me too.
"In May 2019, [Cree] sold its Lighting Products division to Ideal Industries... In March 2021, the company sold its LED Business to SMART Global Holdings for up to $300 million... In October 2021, the company changed its name to Wolfspeed."[1]
I'm pretty confused by this announcement. How is "Cree" doing anything, when their name changed to Wolfspeed and they no longer have a lighting products or LED business? What gives?