Cree and ON Semiconductor Signs Multi-Year SiC Wafer Supply Agreement

Cree and ON Semiconductor have signed 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. 

Wolfspeed, A Cree Company, is the global leader in the production of silicon carbide and epitaxial wafers.