A multi-year agreement worth $85 Million has been signed between Cree Inc and ON Semiconductor. Wolfspeed subsidiary will produce and supply 150mm silicon carbide (SiC) bare and epitaxial wafers to ON Semiconductor Corp .
“Partnering with Cree is essential in maintaining a world-class supply base.”
ON Semiconductor VP & chief procurement officer Jeffrey
“This is the fourth major long-term agreement for silicon carbide materials that we have announced in the past year and a half”
Cree’s CEO Gregg Lowe