Cree and STMicroelectronics announce silicon carbide wafer supply agreement

Electronics company Cree has signed a multiyear agreement to produce and supply its Wolfspeed silicon carbide (SiC) wafers to STMicroelectronics, a global semiconductor company serving customers across the spectrum of electronics applications. The agreement governs the supply of $250 billion of Cree’s 150 mm silicon carbide bare and epitaxial wafers to STMicroelectronics during what is a period of extraordinary growth and demand for silicon carbide power devices.

“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 $3 billion in 2025,” said Jean-Marc Chery, President and CEO of STMicroelectronics. “This agreement with Cree will improve our flexibility, sustain our ambition and plans, and contribute to boosting the pervasion of SiC in automotive and industrial applications.”

“We remain focused on increasing the adoption of silicon carbide-based solutions, and this agreement is a testament to our mission,” said Gregg Lowe, CEO of Cree. “This is the third multiyear agreement that we have signed this past year in support of the industry’s transition from silicon to silicon carbide. As the world leader in silicon carbide, Cree continues to expand capacity to meet the growing market needs, particularly in industrial and automotive applications. We are extremely pleased to continue to support STMicroelectronics as we both invest to accelerate this market.”

Wolfspeed, A Cree Company, is a 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.

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