UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549



                                    FORM 8-K


                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934


       Date of Report (Date of earliest event reported): October 10, 2003





                                   CREE, INC.
             (Exact name of registrant as specified in its charter)


  North Carolina                    000-21154                     56-1572719
 (State or other            (Commission File Number)           (I.R.S. Employer
  jurisdiction                                               Identification No.)
of incorporation)



                4600 Silicon Drive, Durham, North Carolina 27703
                    (Address of principal executive offices)



                                 (919) 313-5300
              (Registrant's telephone number, including area code)


                                       N/A
          (Former name or former address, if changed since last report)

Item 9.  Regulation FD Disclosure.

On  October  10,  2003,  Cree,  Inc.  (the  "Company")  issued  a press  release
announcing the conclusion of the previously announced investigation by a special
committee of its Board of Directors  into  allegations  of corporate  wrongdoing
made by Eric and  Jocelyn  Hunter.  A copy of the  Company's  press  release  is
attached  to  this  report  as  Exhibit  99.01  and is  incorporated  herein  by
reference.

     The information in this Current Report on Form 8-K is furnished pursuant to
Item 9 and shall not be deemed to be "filed"  for the  purposes of Section 18 of
the  Securities  Exchange Act of 1934, as amended,  or otherwise  subject to the
liability of that section.  Furthermore,  the information in this Current Report
on Form 8-K shall not be deemed to be incorporated by reference into the filings
of the Company under the Securities Act of 1933, as amended.

                                   SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.


                                     CREE, INC.



                                 By:     /s/ Cynthia B. Merrell
                                     ------------------------------------------
Dated:  October 10, 2003             Cynthia B. Merrell
                                     Chief Financial Officer

                                  EXHIBIT INDEX

Exhibit No.                     Description of Exhibit
-----------                     ----------------------

  99.01                         Press release, dated October 10, 2003