# Cree to change name to Wolfspeed, focusing on silicon carbide semiconductors

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.

- Type: Leadership
- Announced: 2021-01-27
- Where: United States
- Status: announced
- Products: silicon carbide materials
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Cree](https://endata.com/companies/23782.md)

## Sources

- [newsobserver.com](https://www.newsobserver.com/news/business/article248812360.html), 2021-01-27: "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."
- [icspec.com](https://www.icspec.com/news/42061), 2021-01-29: "我们预计将于2021年底正式更名为Wolfspeed。"

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