|I had thought that Cree and On had already signed a wafer supply agreement. Who was this?|
Cree, Inc. Announces Long-Term Silicon Carbide Wafer Supply Agreement with a Leading Global Semiconductor Company
OCTOBER 16, 2018
DURHAM, N.C. -- Cree, Inc. (Nasdaq: CREE) announces that it signed a strategic long-term agreement to produce and supply its Wolfspeed® silicon carbide wafers to one of the world’s leading power device companies. The agreement, valued at more than $85 million, governs Cree’s supply of advanced 150 mm silicon carbide bare and epitaxial wafers during this period of extraordinary growth and demand for silicon carbide power devices.