Cree Inc. Becomes Wolfspeed Inc. and Signs Agreement with GM | Business | October 2021
DURHAM, NC, October 13, 2021 – Semiconductor solutions developer formerly known as Cree Inc. has officially launched under a new name, Wolfspeed Inc. The company, credited with developing the first blue LED and , in 1991, of the first commercial wafer SiC, said the name change followed a multi-year transformation that involved the divestiture of two-thirds of the company, as well as a repositioning of its overall strategy.
Wolfspeed issued a press release announcing the change on October 4, the same day it announced that it had entered into a supplier agreement with General Motors to develop and deliver SiC power device solutions for future programs. GM electric vehicles. Under the deal, Wolfspeed’s SiC devices will allow GM to install more efficient EV propulsion systems that will extend the reach of its EV portfolio.
Wolfspeed SiC will be used in the integrated power electronics contained in GM’s Ultium Drive units in its next-generation electric vehicles. GM will participate in the Wolfspeed Assurance of Supply program, which aims to ensure domestic, sustainable and scalable materials for the production of electric vehicles.
“Electric vehicle customers are looking for greater range and we see silicon carbide as an essential material in the design of our power electronics to meet customer demand,” said Shilpan Amin, vice president of global purchasing and GM’s supply chain. “Working with Wolfspeed will help ensure that we can deliver on our vision of a fully electric future. ”
Wolfspeed will produce the SiC power device solutions at its 200mm capacity Mohawk Valley plant in Marcy, NY. Launched in early 2022, the facility will increase the capacity of the company’s SiC technologies, Wolfspeed said.