Exhibit 99.1 Cree Reports Financial Results for the Second Quarter of Fiscal Year 2021 DURHAM, N.C. January 27, 2021 -- Cree, Inc. (Nasdaq: CREE) today announced revenue from continuing operations of $127.0 million for its second quarter of fiscal 2021, ended December 27, 2020. This represents a 5% increase compared to revenue from continuing operations of $120.7 million reported for the second quarter of fiscal 2020, and a 10% increase compared to the first quarter of fiscal 2021. GAAP net loss from contin ...