Exhibit 99.02

FOR IMMEDIATE RELEASE
Contact:
Fran Barsky
Investor Relations Manager
Cree, Inc.
(T) 919-313-5397
(F) 919-313-5452
email: fran_barsky@cree.com


            Cree Provides Additional Information Regarding Litigation

Durham, NC, June 13, 2003-Cree, Inc. (Nasdaq: CREE), in response to inquiries,
is providing additional information regarding the background to the complaint
filed yesterday by Eric Hunter against Cree and Neal Hunter. Over the last few
years, Eric Hunter has brought general and vague allegations of wrongdoing to
the attention of Cree. These allegations were referred to independent directors
of Cree who, after investigating the matter, found no wrongdoing on the part of
Cree or its officers. No amendments to any of the Company's filings with the
Securities and Exchange Commission were made as a result of any of the
allegations made by Eric Hunter.

Chuck Swoboda, Chief Executive Officer of the Company stated, "It is a sad day
for Cree and the Hunter family. As a result of the unfortunate filing of this
complaint, Cree has received calls inquiring whether it is under SEC
investigation. Cree has no knowledge of an SEC investigation of it at this time.
Both myself and our Chief Financial Officer have certified under Sarbanes-Oxley
our SEC reports on Form 10-K and Form 10-Q. This complaint, which we have posted
on our website, contains vague allegations which appear to cover essentially the
same matters Eric Hunter has raised in the past. The complaint and the damages
sought make no sense to us and we intend vigorously to defend the claims against
us."

Cree also announced that it will be asking a committee of independent directors
to investigate any allegations of wrongdoing and to supervise the handling of
the litigation. Previously, the Company announced that, based upon a preliminary
review, the Company believes the allegations are without merit and arise in part
from personal and family matters.

Cree is an advanced semiconductor company that leverages its expertise in
silicon carbide, gallium nitride and silicon materials technology to produce new
and enabling semiconductors. The products include blue, green and ultraviolet
(UV) light emitting diodes, near UV lasers, radio frequency and microwave
devices, and power switching devices. Applications for these products include
solid state illumination, optical storage, wireless infrastructure and power
switching. For more information on Cree, please visit www.cree.com.

Cautionary Statement

Statements in this press release that are not solely historical in nature may
constitute "forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking statements
involve risks and uncertainties, both known and unknown, that



may cause actual results to differ materially from those indicated, including
the risks and uncertainties of litigation generally, and employment, securities
and defamation litigation in particular; the substantial expense of such
litigation regardless of its outcome; the substantial management time and
attention required by such litigation; and other factors discussed in our
filings with the Securities and Exchange Commission, including our report on
Form 10-K for the year ended June 30, 2002 and subsequent reports.

Cree and the Cree logo are registered trademarks of Cree, Inc.

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