Cree and STMicroelectronics expand silicon carbide wafer supply agreement

Cree and STMicroelectronics expanded and extended their existing multi-year silicon carbide wafer supply agreement to more than $500 million, doubling the original value.

“The extended agreement is a doubling in value of the original agreement for the supply of Cree’s advanced 150mm silicon carbide bare and epitaxial wafers to STMicroelectronics over the next several years.”wolfspeed.com

• 3 sources
• wolfspeed.comCree and STMicroelectronics Expand and Extend Existing Silicon Carbide Wafer Supply Agreement | WolfspeedNov 19, 2019
• apps.digitimes.comCree and STMicroelectronics expand silicon carbide wafer supply agreementRodney Chan, DIGITIMES, TaipeiNov 21, 2019
• atreg.comATREG, Inc. | Fab disposition newsletter, Q4 2019Dec 15, 2019

Summarized from public sources; check the original articles before acting on it.