EXHIBIT 23.3


                       Consent of Independent Accountants

We  hereby  consent  to the  incorporation  by  reference  in this  Registration
Statement  on Form  S-8 of our  report  dated  July  22,  1998,  except  for the
restatement of the fiscal 1998 financial  statements as a result of the business
combination described in the first three paragraphs of Note 2 for which the date
is May 1, 2000,  relating  to the  financial  statements  of Cree,  Inc.,  which
appears in Cree,  Inc.'s  Annual Report on Form 10-K for the year ended June 25,
2000.

/s/ PricewaterhouseCoopers LLP

Raleigh, North Carolina
August 8, 2000