Cree and ON Semiconductor Announce Multi-Year Silicon Carbide Wafer Supply Agreement

LDS CS Cree ON 400

Aug 7, 2019

Cree and ON Semiconductor Corporation announced the execution of a multi-year agreement where Cree will produce and supply its Wolfspeed silicon carbide wafers to ON Semiconductor. The agreement, valued at more than $85 million, provides for the supply of Cree’s advanced 150mm silicon carbide (SiC) bare and epitaxial wafers to ON Semiconductor for use in high-growth markets, such as electric vehicle and industrial applications.

“This is the fourth major long-term agreement for silicon carbide materials that we have announced in the past year and a half. We will continue to drive silicon carbide adoption and availability through ongoing wafer supply agreements, such as this, and our recently announced major capacity expansion,” said Cree CEO Gregg Lowe.

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