November 19, 2021
DURHAM, N.C.—Wolfspeed, Inc., the semiconductor company formerly known as Cree, Inc., has officially launched under its new name, the company announced recently. The name change follows a four-year process that included divesting two-thirds of the business and repositioning the company’s overall core strategy, company officials said in a press release.
Wolfspeed is a developer of silicon carbide (SiC) and gallium nitride (GaN) semiconductors. Its product family includes energy-efficient silicon carbide materials, power-switching devices, and RF devices targeted for applications like electric vehicles, fast charging, 5G, renewable energy and storage, and aerospace and defense. The company is currently putting the finishing touches on its Mohawk Valley Fab in Marcy, New York, scheduled to launch early in 2022 as the largest silicon carbide fabrication facility in the world.
Wolfspeed has served as the brand for the company’s silicon carbide materials and semiconductor devices business unit for the past six years. The name is said to convey “the noble traits of the wolf—leadership, intelligence, and endurance—and speed, characterized by the pace at which the company innovates and operates,” according to the release.
“Today officially marks a transformative milestone for Wolfspeed as we are now a pure-play global semiconductor powerhouse,” said Gregg Lowe, CEO at Wolfspeed, in an October release. “The next generation in power semiconductors will be driven by Silicon Carbide technology, with superior performance that unleashes new possibilities and positive changes to the way we live. As the original champion of this technology, we couldn’t be more excited for what lies ahead.”
Company officials said in the release that recent action from private and public entities mandating more energy-efficient solutions are accelerating an already strong demand for a better, more sustainable future with environmentally friendly technologies.Wolfspeed’s technology is said to be key to the electrification of automotive drivetrains to support the shift to electric vehicles. It is also said to be key to wireless infrastructure to unlock the potential of smart cities, and to power storage to enable broader adoption of renewable energy.
“Strategic additions in organizational leadership, the execution of an expansion plan that allows for significant increases in production, and a sharpened focus on our mission demonstrate we are bringing to life the vision previously laid out as we build on a 30-year history that gives us a marked and competitive advantage in the Silicon Carbide industry,” said Lowe in the release.