# 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.

- Type: Contract
- Announced: 2019-11-19
- Value: $500.0M
- Status: announced
- Products: 150mm silicon carbide bare and epitaxial wafers
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

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

## Sources

- [wolfspeed.com](https://www.wolfspeed.com/company/news-events/news/cree-and-stmicroelectronics-expand-and-extend-existing-silicon-carbide-wafer-supply-agreement/), 2019-11-19: "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."
- [apps.digitimes.com](https://apps.digitimes.com/news/a20191121PR201.html), 2019-11-21: "The extended agreement is a doubling in value of the original agreement for the..."
- [atreg.com](https://atreg.com/newsletters/q4-2019/), 2019-12-15: "The expansion of an existing multi-year, long-term silicon carbide wafer supply agreement to more than $500 million with STMicroelectronics"

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