Wolfspeed Inc. (Cree Inc.)

History

Year	Detail
1987	Wolfspeed (earlier known as Cree Inc.) was founded in July 1987 by Neal Hunter, Thomas Coleman, John Edmond, Eric Hunter, John Palmour, and Calvin Carter, North Carolina State University graduates.
2017	The company launched a 900V SiC MOSFET rated for 196 A that enables the reduction of EV drive-train inverter losses by 78 percent based on EPA combined city/highway mileage standards.
2018	The company acquired Infineon Technologies AG's Radio Frequency (RF) Power Business for approximately $407 million to strengthen its position in RF GaN-on-SiC technologies and provide access to additional markets.
2019	Delphi Technologies PLC, a global provider of automotive propulsion technologies, partnered with the company to utilize silicon carbide semiconductor device technology to enable faster, smaller, lighter, and more powerful electronic systems for future electric vehicles (EV).
2019	ZF Friedrichshafen AG, a global automotive supplier, partnered with the company to use silicon carbide-based power inverters in next-generation electric vehicles.
2021	Cree, Inc. changed its name to Wolfspeed, Inc., on October 4, 2021. This change marked the company's transition into the semiconductor market.
2021	The company partnered with General Motors to develop and provide silicon carbide power device solutions for GM’s electric vehicle programs.
2022	Jaguar and Land Rover partnered to supply Silicon Carbide semiconductors for next-generation electric vehicles, delivering increased powertrain efficiency and extended driving range.
2023	Renesas Electronics Corporation, a supplier of advanced semiconductor solutions, partnered with the company for a wafer supply agreement and a $2 billion deposit by Renesas to secure a 10-year supply commitment of silicon carbide bare and epitaxial wafers from Wolfspeed.
2023	The company sold its radio frequency business to MACOM Technology Solutions Holdings Inc. for approximately $75 million in cash to further focus on scaling the Power device and materials businesses.
2024	Infineon Technologies AG, a global semiconductor company specializing in power systems and IoT, expanded and extended its long-term 150mm silicon carbide wafer supply agreement to meet the growing demand for silicon carbide semiconductor products for automotive, solar, and EV applications and energy storage systems.
2024	The company partnered with the FIRST Robotics Competition to support Science, Technology, Engineering, and Math (STEM) access for high school students worldwide.
2025	The company launched the Gen 4 MOSFET technology platform to simplify switching behaviors and design challenges commonly experienced in high-power designs.