LAZR - Apple's supply chain EV chipmaker Cree see green on Apple Car plans

Yesterday, Reuters reported that Apple plans to produce a self-driving vehicle with "breakthrough" battery tech by 2024. The news has put a tailwind behind EV-related stocks and Apple's supply chain.One of the strongest gainers is Lumentum ([[LITE]] +8.4%), which supplies 3D-sensing products that enable Apple's FaceID sensors. Lumentum derives about 26% of its revenue from Apple.Other supply chain movers with their approximate Apple revenue exposure: Skyworks ([[SWKS]] +2.1%), 51%; Qorvo ([[QRVO]] +1.8%), 33%; Jabil ([[JBL]] +1.4%), 22%;Cree ([[CREE]] +2.5%) shares are also benefiting from the Apple Car report. The company has moved away from its lighting and LED roots to focus on the SiC and GaN semiconductor chips used in electric vehicles and 5G.Previously: Apple said to be pushing ahead on self-driving car in challenge to Tesla (Dec. 21 2020)Previously: Luminar (LAZR) stock surges on Apple's self-driving vehicle plans; rival Ouster reveals $1.9B SPAC merger (Dec. 22 2020)Previously: Apple analysts question plans for low-margin

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Apple's supply chain, EV chipmaker Cree see green on Apple Car plans