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Cree Inc. announced it will change its name to Wolfspeed later in 2021, reflecting its strategic shift from LED lighting to silicon carbide semiconductors. The company is investing $1 billion in a new silicon carbide manufacturing facility in New York and expanding in Durham.
“The name change to Wolfspeed will take place later this year to better align with the value proposition that we are committed to delivering to our customers.”newsobserver.com
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