Cree, Inc. has signed a long-term agreement with a leading manufacturer of power semiconductor devices to supply its Wolfspeed silicon carbide (SiC) wafers. The agreement, for advanced 150-mm bare and epitaxial SiC wafers, is valued at more than $85 million.
“Cree is committed to increasing and accelerating the adoption of silicon carbide-based solutions throughout the semiconductor industry,” said Gregg Lowe, CEO of Cree. “This customer’s importance to the power device industry is well known, so partnering with a leading power semiconductor company such as this is another big step in that commitment
“We are extremely pleased to help drive adoption of silicon carbide in even more applications,” Lowe added. “As the world leader in silicon carbide, Cree is continuing to expand capacity to meet market demands with our industry-leading wafer technology to help achieve a new, more efficient future.”
Wolfspeed, which is a Cree company, is a leading manufacturer of raw and epitaxial SiC material wafers for optical and electronic devices. The devices are used in a wide range of markets and applications, including for renewable energy and storage, electric vehicles, charging infrastructure, industrial power supplies, and variable speed drives. The supply agreement will be fulfilled through a Cree distributor.