|View printer-friendly version|
STMicroelectronics : Cree and STMicroelectronics Announce Multi-Year Silicon Carbide Wafer Supply Agreement
PR N°. C2868C
Cree and STMicroelectronics Announce Multi-Year
Silicon Carbide Wafer Supply Agreement
Agreement to boost commercial expansion of SiC in automotive and industrial applications
"ST is the only semiconductor company with automotive-grade silicon carbide in mass production today, and we want to press forward to grow our SiC business both in terms of volume and breadth of applications served, targeting leadership in a market estimated at more than
"We remain focused on increasing the adoption of silicon carbide-based solutions, and this agreement is a testament to our mission," said
Wolfspeed, A Cree Company, is the global leader in the manufacture of silicon carbide wafers and epitaxial wafers. The supply agreement enables silicon carbide applications in the broad automotive and industrial markets.
ST is a global semiconductor leader delivering intelligent and energy-efficient products and solutions that power the electronics at the heart of everyday life. ST's products are found everywhere today, and together with our customers, we are enabling smarter driving and smarter factories, cities and homes, along with the next generation of mobile and
In 2017, the Company's net revenues were
Cree is an innovator of Wolfspeed® power and radio frequency (RF) semiconductors, lighting class LEDs and lighting products. Cree's Wolfspeed product families include silicon carbide materials, power-switching devices and RF devices targeted for applications such as electric vehicles, fast charging, inverters, power supplies, telecom and military and aerospace. Cree's LED product families include blue and green LED chips, high-brightness LEDs and lighting-class power LEDs targeted for indoor and outdoor lighting, video displays, transportation and specialty lighting applications. Cree's LED lighting systems and lamps serve indoor and outdoor applications.
For additional product and Company information, please refer to www.cree.com.
Forward Looking Statements:
This press release contains forward-looking statements involving risks and uncertainties, both known and unknown, that may cause actual results to differ materially from those indicated. Actual results may differ materially due to a number of factors, including the risk that we may be unable to manufacture these new products with sufficiently low cost to offer them at competitive prices or with acceptable margins; the risk we may encounter delays or other difficulties in ramping up production of our capacity to supply these products; customer acceptance of our products; the rapid development of new technology and competing products that may impair demand or render Cree's products obsolete; and other factors discussed in Cree's filings with the
Cree® and Wolfspeed® are registered trademarks of
For further information, please contact:
Group VP, Investor Relations
Tel : +41.22.929.58.12
Director, PR & Media Operations
Tel: + 33 6 59 16 79 08
Tel: +1 919-407-7844
Source: STMicroelectronics N.V.