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Technology Stocks : Wolf speed -- Ignore unavailable to you. Want to Upgrade?

To: slacker711 who wrote (10313)	1/29/2021 7:30:55 AM
From: slacker711	2 Recommendations Recommended By Lou Weed OldAIMGuy Respond to of 10712

An interesting aspect of the move to 200mm is that Cree's wafer supply agreements specifically call out 150mm wafers. Lowe made it clear that the wafer fab in Durham would continue to fab 150mm wafers for the foreseeable future. If, and this is a big if, Cree can ramp yields quickly at their 200mm fab, they should have a significant cost advantage against their competition. Cree and STMicroelectronics Expand and Extend Existing Silicon Carbide Wafer Supply Agreement NOVEMBER 19, 2019 Durham, N.C. and Geneva, — Cree, Inc. (Nasdaq: CREE) and STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, announced today the expansion and extension of an existing multi-year, long-term silicon carbide wafer supply agreement to more than $500 million. 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. The increased wafer supply enables the semiconductor leaders to address the rapidly growing demand for silicon carbide power devices globally, particularly in automotive and industrial applications. Cree and ON Semiconductor Announce Multi-Year Silicon Carbide Wafer Supply Agreement AUGUST 6, 2019 Agreement to boost commercial expansion of SiC in automotive and industrial applications DURHAM, N.C. – Cree, Inc. (Nasdaq: CREE) and ON Semiconductor Corporation (NASDAQ: ON) announced the execution of a multi-year agreement where Cree will produce and supply its Wolfspeed® silicon carbide wafers to ON Semiconductor, a global semiconductor leader serving customers across the spectrum of electronics applications. The agreement, valued at more than $85 million, provides for the supply of Cree’s advanced 150mm silicon carbide (SiC) bare and epitaxial wafers to ON Semiconductor for use in high-growth markets, such as electric vehicle and industrial applications.