# Cree and STMicroelectronics expand SiC wafer supply agreement to $500M

Cree and STMicroelectronics expanded and extended their existing silicon carbide wafer supply agreement to more than $500 million, doubling the original value announced earlier in 2019.

- Type: Contract
- Announced: 2019-11-19
- Value: $500.0M
- Status: announced
- Products: silicon carbide wafers
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [STMicroelectronics](https://endata.com/companies/21952.md) (customer)
- [Cree](https://endata.com/companies/23782.md) (supplier)

## Sources

- [eetimes.com](https://www.eetimes.com/cree-and-st-double-value-of-sic-agreement-to-500m/), 2019-11-19: "Expanding our long-term wafer supply agreement with Cree will increase the flexibility of our global silicon carbide substrate supply."

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