# Cree invests $1 billion to expand SiC capacity in Durham, North Carolina

Cree, Inc. announced a $1 billion investment to expand silicon carbide capacity at its U.S. campus in Durham, N.C., including a 200mm SiC fabrication facility and a materials mega factory, aiming for up to 30-fold capacity increases by 2024.

- Type: Investment
- Announced: 2019-05-01
- Where: Durham, North Carolina, United States
- Value: $1.00B
- Starts operating: 2024
- Status: announced
- Capacity: 30-fold increase in SiC wafer fabrication capacity and 30-fold increase in SiC materials production by 2024
- Products: silicon carbide wafers, GaN on silicon carbide semiconductors
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Cree](https://endata.com/companies/23782.md)

## Sources

- [wolfspeed.com](https://www.wolfspeed.com/company/news-events/news/cree-to-invest-1-billion-to-expand-silicon-carbide-capacity/), 2019-05-07: "Cree, Inc. announces it will invest up to $1 billion in the expansion of its silicon carbide capacity with the development of a state-of-the-art, automated 200mm silicon carbide fabrication facility and a materials mega factory at its U.S. campus headquarters in Durham, N.C."
- [researchtriangle.org](https://researchtriangle.org/news/cree-to-invest-1b-in-durham-for-mega-factory-chip-manufacturing-will-add-jobs/), 2019-05-08: "Today, we are announcing our largest-ever investment in production to dramatically increase this supply and help customers deliver transformative products and services to the marketplace."
- [yolegroup.com](https://www.yolegroup.com/strategy-insights/crees-1b-investment-in-sic-yoles-insights/), 2019-05-08: "Cree’s CEO has just announced an investment of US$1 billion over the next five years to increase both SiC and GaN materials capacity in order to transform Cree into a semiconductor powerhouse."
- [insideevs.com](https://insideevs.com/news/351419/evs-silicon-carbide-power-electronics/), 2019-05-25: "Cree, Inc. announces it will invest up to $1 billion in the expansion of its silicon carbide capacity with the development of a state-of-the-art, automated 200mm silicon carbide fabrication facility and a materials mega factory at its U.S. campus headquarters in Durham, N.C."
- [eepower.com](https://eepower.com/news/crees-1-billion-silicon-carbide-expansion-strategy/), 2020-02-24: "Cree earmarked a hefty $1 billion in May 2019 to invest in its plan for a 30-fold increase in production for SiC water fabrication and GaN materials"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.