ON Semiconductor secure SiC supply from Cree Wolfspeed

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

Source: http://www.semiconductor-today.com/news_items/2019/aug/cree-060819.shtml