Wolfspeed, Inc. is an American developer and manufacturer of wide bandgap

semiconductor A semiconductor is a material which has an electrical conductivity value falling between that of a conductor, such as copper, and an insulator, such as glass. Its resistivity falls as its temperature rises; metals behave in the opposite way. ...

s, focused on

silicon carbide Silicon carbide (SiC), also known as carborundum (), is a hard chemical compound containing silicon and carbon. A semiconductor, it occurs in nature as the extremely rare mineral moissanite, but has been mass-produced as a powder and crystal s ...

and

gallium nitride Gallium nitride () is a binary III/ V direct bandgap semiconductor commonly used in blue light-emitting diodes since the 1990s. The compound is a very hard material that has a Wurtzite crystal structure. Its wide band gap of 3.4 eV affords ...

materials and devices for power and

radio frequency Radio frequency (RF) is the oscillation rate of an alternating electric current or voltage or of a magnetic, electric or electromagnetic field or mechanical system in the frequency range from around to around . This is roughly between the ...

applications such as transportation, power supplies,

power inverter A power inverter, inverter or invertor is a power electronic device or circuitry that changes direct current (DC) to alternating current (AC). The resulting AC frequency obtained depends on the particular device employed. Inverters do the opp ...

s, and wireless systems. The company was formerly named Cree, Inc.

History

High-power light emitting diodes cree xlamp 7090 xr-e q4

The company was founded in July 1987 in Durham, North Carolina. Five of the six founders – Neal Hunter, Thomas Coleman, John Edmond, Eric Hunter, John Palmour, and Calvin Carter – are graduates of North Carolina State University. In 1983, the founders – one a research assistant professor and the others student researchers – were seeking ways to leverage the properties of silicon carbide to enable semiconductors to operate at higher operating temperatures and power levels. They also knew silicon carbide could serve as the diode in

light-emitting diode A light-emitting diode (LED) is a semiconductor device that emits light when current flows through it. Electrons in the semiconductor recombine with electron holes, releasing energy in the form of photons. The color of the light (co ...

(LED) lighting, a light source first demonstrated in 1907 with an electrically charged diode of silicon carbide. The research team devised a way to grow silicon crystals in the laboratory, and in 1987 founded the company to produce SiC to be used commercially in both semiconductors and lighting. In 1989, the company introduced the first blue LED, enabling the development of large, full-color video screens and billboards. In 1991, the company released the first commercial silicon carbide

wafer A wafer is a crisp, often sweet, very thin, flat, light and dry biscuit, often used to decorate ice cream, and also used as a garnish on some sweet dishes. Wafers can also be made into cookies with cream flavoring sandwiched between them. They ...

. In 1993, the company became a

public company A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange ( ...

via an

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investme ...

. In 1999, the company name was changed from Cree Research to Cree, Inc. In 2011, the company acquired Ruud Lighting for $525 million. In August 2011, the company announced the XLamp XT-E Royal Blue LED for use in remote phosphor lighting. In 2013, the company's first consumer products, two household LED bulbs, qualified for

Energy Star Energy Star (trademarked ''ENERGY STAR'') is a program run by the U.S. Environmental Protection Agency (EPA) and U.S. Department of Energy (DOE) that promotes energy efficiency. The program provides information on the energy consumption of pr ...

rating by the

United States Environmental Protection Agency The Environmental Protection Agency (EPA) is an independent executive agency of the United States federal government tasked with environmental protection matters. President Richard Nixon proposed the establishment of EPA on July 9, 1970; it ...

. In July 2016,

Infineon Technologies Infineon Technologies AG is a German semiconductor manufacturer founded in 1999, when the semiconductor operations of the former parent company Siemens AG were spun off. Infineon has about 50,280 employees and is one of the ten largest semicon ...

agreed to acquire the company's Wolfspeed RF and power electronics devices unit for $850 million. However, the deal was terminated in February 2017 due to regulators’ national security concerns. In March 2018, the company acquired the RF Power Business Infineon Technologies AG's for €345 million. In May 2019, the company sold its Lighting Products division to Ideal Industries. In September 2019, the company announced a $1 billion investment in a semiconductor manufacturing plant in

Marcy, New York Marcy is a town in Oneida County, New York, United States. The population was 8,982 at the 2010 census. The town was named after Governor William L. Marcy. It lies between the cities of Rome and Utica. The Erie Canal passes through the southern p ...

to build the world’s largest silicon carbide fabrication facility with a $500 million grant from

New York State New York, officially the State of New York, is a state in the Northeastern United States. It is often called New York State to distinguish it from its largest city, New York City. With a total area of , New York is the 27th-largest U.S. stat ...

. In March 2021, the company sold its LED Business to SMART Global Holdings for up to $300 million. In October 2021, the company changed its name to Wolfspeed. In April 2022, the Marcy, New York, facility opened. New York Governor

Kathy Hochul Kathleen Hochul ( ; née Courtney; born August 27, 1958) is an American politician serving as the 57th governor of New York since August 24, 2021. A member of the Democratic Party, she is New York's first female governor, as well as the first ...

and US Senator

Chuck Schumer Charles Ellis Schumer ( ; born November 23, 1950) is an American politician serving as Senate Majority Leader since January 20, 2021. A member of the Democratic Party, Schumer is in his fourth Senate term, having held his seat since 1999, an ...

spoke at the event. In November 2022, the company announced that co-founder and Chief Technology Officer John Palmour had died.

References

External links

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Official
opening ceremony of upstate NY Fab. {{Authority control 1993 initial public offerings American companies established in 1987 Companies based in Durham, North Carolina Companies listed on the New York Stock Exchange Electronics companies established in 1987 Electronics companies of the United States Light-emitting diode manufacturers Manufacturing companies based in North Carolina