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Cree announced a multi-year agreement to supply its Wolfspeed silicon carbide wafers to STMicroelectronics, valued at $250 million. The deal covers 150mm bare and epitaxial wafers.
“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.”mlighting.jiagle.com
Summarized from public sources; check the original articles before acting on it.