Shares in Cree (Nasdaq: CREE) advanced 39 cents or 1.15 percent Wednesday with news breaking that the company scored a semiconductor patent victory.

A federal court has backed Cree in the battle with Fox Group.

The decision was published Wednesday.

The dispute centered on semiconductor components.

The news was reported first by Bloomberg and StreetInsider.

Full details were posted online.

Cree shares still are below the 52-week high of $33.60 reached Tuesday.

In other news, Cree announced its LEDs are part of new lighting systems installed at Sheetz restaurants.

[CREE ARCHIVE: Check out a decade of Cree stories as reported in WRAL Tech Wire.]