EXHIBIT 23.2

                         Consent of Independent Auditors

We consent to the incorporation by reference in the Registration Statement (Form
S-8,  333-_____)  of Cree,  Inc.,  pertaining  to the  Nitres,  Inc.  1999 Stock
Option/Issuance  Plan of (i) our report dated July 21, 2000, with respect to the
consolidated  financial statements of Cree, Inc. and subsidiaries,  and (ii) our
report  dated March 26,  2000,  except for Note 8, as to which the date is April
10, 2000, with respect to the financial  statements of Nitres,  Inc. included in
the Annual  Report  (Form 10-K) of Cree,  Inc.  for the year ended June 25, 2000
filed with the Securities and Exchange Commission.



                                        /s/ Ernst & Young LLP

Raleigh, North Carolina
August 8, 2000