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Date: 04-09-15

Wolfspeed is the new spin-off company of Cree' SiC/GaN semiconductor biz

Wide bandgap semiconductor device expert Cree has separated its RF and power semiconductor division into a new company called Wolfspeed. Although Cree generates significant amount of its revenue from high brightness LED chips used in lighting, Cree is also a leading supplier of silicon carbide (SiC) and gallium nitride (GaN) semiconductor devices for power electronics and RF applications. These high-speed wide bandgap semiconductor devices are increasingly used in defence/military electronics. However there is a bigger growing opportunity in commercial applications which are seeking highly efficient, fast and small sized power electronics and RF systems.

“Today, Wolfspeed is providing our customers and our team with a first look at our new company’s name, brand identity and purpose in advance of our IPO, which we plan to execute during fiscal year 2016,” said Frank Plastina, chief executive officer, Wolfspeed. “We’re building something new on the firm foundation that is Cree,” Plastina added, “and we want to share our vision, plans and enthusiasm with all of our stakeholders as we move seamlessly through the transition.”

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