<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
ACCOMPANYING FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000895419
<NAME> Cree, Inc.
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> JUN-24-2001
<PERIOD-START> JUN-26-2000
<PERIOD-END> SEP-24-2000
<EXCHANGE-RATE> 1
<CASH> 34,123
<SECURITIES> 222,309
<RECEIVABLES> 26,068
<ALLOWANCES> 250
<INVENTORY> 10,564
<CURRENT-ASSETS> 296,694
<PP&E> 184,378
<DEPRECIATION> 26,763
<TOTAL-ASSETS> 502,963
<CURRENT-LIABILITIES> 26,276
<BONDS> 0
0
0
<COMMON> 415,841
<OTHER-SE> 60,446
<TOTAL-LIABILITY-AND-EQUITY> 476,287
<SALES> 37,642
<TOTAL-REVENUES> 37,642
<CGS> 17,076
<TOTAL-COSTS> 23,134
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> (4,783)
<INCOME-PRETAX> 19,203
<INCOME-TAX> 6,548
<INCOME-CONTINUING> 12,655
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 12,655
<EPS-BASIC> 0.34
<EPS-DILUTED> 0.36
</TABLE>