Cree Pens Down Long-Term Silicon Carbide Wafer Supply Agreement
The agreement, valued at more than $85 million, governs Cree’s supply of advanced 150 mm silicon carbide bare and epitaxial wafers during this period of extraordinary growth and demand for silicon carbide power devices.
Cree announced that it has signed a strategic long-term agreement with a company not yet disclosed but described as one of the world’s leading power device companies, to produce and supply its Wolfspeed silicon carbide wafers.
The agreement, valued at more than $85 million, governs Cree’s supply of advanced 150 mm silicon carbide bare and epitaxial wafers during this period of extraordinary growth and demand for silicon carbide power devices.
“Cree is committed to increasing and accelerating the adoption of silicon carbide-based solutions throughout the semiconductor industry. 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,” said Gregg Lowe, CEO of Cree. “We are extremely pleased to help drive adoption of silicon carbide in even more applications. 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.”
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