Digi-Key Corporation Now Stocking SiC RF Power MESFETs from Cree

THIEF RIVER FALLS, Minnesota, USA - March 4, 2008

Electronic component distributor Digi-Key Corporation and Cree, Inc. (Nasdaq: CREE), a leader in wide bandgap transistors and radio frequency integrated circuits (RFICs), announced today that Cree's silicon carbide (SiC) Metal-Semiconductor Field-Effect Transistors (MESFETs) are now in stock and ready for shipment from Digi-Key.

Digi-Key Corporation is a broad-line distributor of electronic components and accessories. Digi-Key supports a broad range of customers through its focus on product selection, along with its commitment to stock 100 percent of the products featured in its print catalog.

Cree's 10-watt CRF24010 and 60-watt CRF24060 are un-internally matched SiC RF transistors, capable of supporting extremely wide operational bandwidths. SiC has superior properties compared to silicon or gallium arsenide, including higher breakdown voltage, higher saturated electron drift velocity, and higher thermal conductivity. SiC MESFETs offer greater efficiency, greater power density, and wider bandwidths. SiC MESFETs are optimized for applications such as wideband military communications, secure homeland defense communications, Class A and A/B amplifiers, TDMA, EDGE, CDMA, W-CDMA broadband amplifiers, and WiMAX.

Also available from Digi-Key are the CRF24010-TB and CRF24060-TB Demonstration Test Fixtures. These products, featured in Digi-Key's print and online catalogs, are available for purchase and same-day shipping directly from Digi-Key.

"We are very pleased to offer these quality products to our customers," said Mark Larson, Digi-Key president and COO. "The power density and efficiency advantages of Cree's MESFETs will enable scores of engineers to enhance the performance of their new designs."

"We are pleased that Digi-Key has added our SiC MESFET products to its growing line of electronic components," said Jim Milligan, Cree director of RF and Microwave products. "Cree's 48-volt products have proven to be extremely useful in applications requiring high power and efficiency over wide operational bandwidths – especially for those operating in high thermal environments. We're confident the convenience of using Digi-Key's distribution services will help accelerate the adoption of the technology."

About Digi-Key Corporation

Digi-Key Corporation, based in Thief River Falls, Minn., is a global, full-service provider of both prototype/design and production quantities of electronic components, offering more than three million products from over 650 quality name-brand manufacturers. With over one million products in stock and an impressive selection of online resources, Digi-Key is committed to stocking the broadest range of electronic components in the industry and providing the best service possible to its customers. Additional information and access to Digi-Key's broad product offering is available on the Cree supplier center.

About Cree, Inc.

Cree is a market-leading innovator and manufacturer of semiconductors and devices that enhance the value of solid-state lighting, power and communications products by significantly increasing their energy performance and efficiency. Key to Cree's market advantage is its world-class materials expertise in silicon carbide (SiC) and gallium nitride (GaN) for chips and packaged devices that can handle more power in a smaller space while producing less heat than other available technologies, materials and products.

Cree drives its increased performance technology into multiple applications, including exciting alternatives in brighter and more tunable light for general illumination, backlighting for more vivid displays, optimized power management for high-current, switch-mode power supplies and variable-speed motors, and more effective wireless infrastructure for data and voice communications. Cree customers range from innovative lighting fixture makers to defense-related federal agencies.

Cree's product families include blue and green LED chips, lighting LEDs, LED backlighting solutions, power-switching devices and radio frequency/wireless devices. For additional product specifications, please refer to Cree.

This press release contains forward-looking statements involving risks and uncertainties, both known and unknown, that may cause actual results to differ materially from those indicated. Actual results may differ materially due to a number of factors, such as the rapid development of new technology and competing products that may impair demand or render our products obsolete; the potential lack of customer acceptance for the products; variations in demand for Cree's products and its customers' products; and other factors discussed in Cree's filings with the Securities and Exchange Commission, including its report on Form 10-K for the year ended June 24, 2997, and subsequent filings.