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In June 2024, Wolfspeed has delayed its $ 3 billion semiconductor plant in
Germany to mid-2025, reflecting the EU's challenges in boosting local chip production. The delay underscores issues with the EU Chips Act, as few projects have progressed, jeopardizing the goal of achieving 20% global market
331:(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.
326:
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
478:
investigations into the company have uncovered 17 workplace safety violations, including six serious violations. During this same time period, the
Raleigh NC OSHA office completed over 5,400 investigations that resulted in one or more violations for hundreds of other local companies.
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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.
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474:. The incident sparked a state investigation into his death as well as public concern for the company's poor work safety record. In the past 10 years, state
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840:"Wolfspeed To Transfer to the New York Stock Exchange and Trade Under New Ticker Symbol "WOLF"; To Host Investor Day in NYC on Wednesday, Nov. 17"
503:
801:
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In
February 2023 it announced it would build its first European factory in Germany. It is supposed to be on the site of a former coal plant in
119:
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972:"Wolfspeed Announces Plan to Construct World's Largest, Most Advanced Silicon Carbide Device Manufacturing Facility in Saarland, Germany"
861:
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In 1989, the company introduced the first blue LED, enabling the development of large, full-color video screens and billboards.
764:
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665:"Cree Launches New High-Performance XLamp® XT-E Royal Blue LED and Patent Licensing Program for Remote Phosphor Applications"
997:
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In
November 2022, the company announced that co-founder and Chief Technology Officer John Palmour had died.
396:
In
September 2019, the company announced a $ 1 billion investment in a semiconductor manufacturing plant in
349:
62:
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312:
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On
October 13, 2022 a facilities electrician was electrocuted at the Wolfspeed Research Triangle Park in
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In March 2018, the company acquired the RF Power
Business Infineon Technologies AG's for €345 million.
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802:"Cree to build $ 1 billion silicon carbide wafer plant near Utica; state gives $ 500 million grant"
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In March 2021, the company sold its LED Business to SMART Global
Holdings for up to $ 300 million.
338:
400:
to build the world’s largest silicon carbide fabrication facility with a $ 500 million grant from
892:
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389:
In May 2019, the company sold its
Lighting Products division (now branded as Cree Lighting) to
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401:
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1167:"Case Study: Cree, Inc. Local Markets and Global Competitiveness: A Value Chain Analysis"
368:
In 2013, the company's first consumer products, two household LED bulbs, qualified for
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45:
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In August 2011, the company announced the XLamp XT-E Royal Blue LED for use in remote
1198:
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53:
315:. Five of the six founders – Neal Hunter, Thomas Coleman, John Edmond, Eric Hunter,
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540:"30 years later: A tech founder's perspective on what it takes to disrupt markets"
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369:
91:
1048:"After Wolfspeed worker killed on job, NC labor department opens investigation"
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had entered into a definitive agreement to acquire Wolfspeed's RF business.
410:
26:
1136:
544:
362:
1156:
822:"Cree Completes Sale of its LED Business to SMART Global Holdings, Inc"
562:"Cree Becomes Wolfspeed, GM Deal Signals The Coming End Of The ICE Age"
523:
421:
In April 2022, the Marcy, New York, facility opened. New York Governor
355:
In 1999, the company name was changed from Cree Research to Cree, Inc.
66:
567:
77:
684:"Cree's LED bulb now Energy Star, qualifies for up to $ 5 price cut"
745:"Cree Closes on the Sale of Cree Lighting to IDEAL INDUSTRIES, Inc"
337:
In 1991, the company released the first commercial silicon carbide
409:
298:
290:
191:
915:"Wolfspeed co-founder John Palmour, lifelong NC State fan, dies"
1171:
Center on Globization, Governance, & Competitiveness (CGGC)
358:
In 2011, the company acquired Ruud Lighting for $ 525 million.
1021:
Sterling, Toby; Steitz, Christoph; Ersen, Hakan (2024-06-19).
760:"$ 1 billion semiconductor plant to be built in Mohawk Valley"
1165:
Gereffi, Gary; Ahmed, Ghada; Lowe, Marcy (October 22, 2010).
447:(IPCEI) for Microelectronics and Communication Technologies.
1125:
418:
In October 2021, the company changed its name to Wolfspeed.
1023:"Wolfspeed plant delayed as EU's chipmaking plans flounder"
940:"Germany Wants More Chip Makers, but They Won't Come Cheap"
519:"'50 Who Matter' Media Spotlight Shines on Cree Co-Founder"
414:
Cree Inc. logo, used prior to the October 2021 rebranding.
238:
280:, and wireless systems. The company was formerly named
998:"MACOM agrees to acquire the RF Business of Wolfspeed"
276:
applications such as transportation, power supplies,
500:"Wolfspeed, Inc. FY 2024 Annual Report (Form 10-K)"
303:9.5 watt 800 lumen dimmable lamp bulb, with 2700 K
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588:Institute of Electrical and Electronics Engineers
1240:Manufacturing companies based in North Carolina
1220:Companies listed on the New York Stock Exchange
624:"Cree proposes a public offering, changes name"
604:"Now 25, Cree Inc. closes in on $ 1B threshold"
781:"Cree plans $ 1B semiconductor plant in Marcy"
443:as a coinvestor and susidized by the EU as an
445:important project of common European interest
374:United States Environmental Protection Agency
260:is an American developer and manufacturer of
8:
1230:Semiconductor companies of the United States
855:
853:
19:
706:"Cree and Infineon Call Off Wolfspeed Deal"
583:"SILICON CARBIDE: SMALLER, FASTER, TOUGHER"
727:"Cree acquires Infineon RF Power Business"
645:"Ruud Lighting acquired for $ 525 million"
25:
18:
1225:Electronics companies established in 1987
1215:Companies based in Durham, North Carolina
747:(Press release). Wolfspeed. May 13, 2019.
862:"Wolfspeed opens Mohawk Valley chip fab"
311:The company was founded in July 1987 in
1184:from the original on November 29, 2015.
504:U.S. Securities and Exchange Commission
488:
319:, and Calvin Carter – are graduates of
1210:American companies established in 1987
454:-headquartered semiconductor company,
120:Research Triangle Park, North Carolina
800:Moriarty, Rick (September 23, 2019).
779:Rulison, Larry (September 23, 2019).
703:Armental, Maria (February 16, 2017).
494:
492:
450:In August 2023, it was announced the
7:
996:Joosting, Jean-Pierre (2023-08-22).
272:materials and devices for power and
1191:opening ceremony of upstate NY Fab.
1132:Business data for Wolfspeed, Inc.:
888:"What's Down the Road for Silicon?"
602:Ohnesorge, Lauren (July 13, 2012).
16:American semiconductor manufacturer
1235:Light-emitting diode manufacturers
643:Burke, Michael (August 17, 2011).
14:
758:Young, Liz (September 23, 2019).
538:Palmour, John (August 24, 2017).
860:Colon, Shayla (April 25, 2022).
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765:American City Business Journals
682:Funk, John (October 10, 2013).
629:American City Business Journals
609:American City Business Journals
559:Shih, Willy (October 4, 2021).
321:North Carolina State University
249:Footnotes / references
1096:"Establishment Search Results"
1072:"Establishment Search Results"
886:Zeeberg, Amos (May 16, 2022).
344:In 1993, the company became a
1:
1205:1993 initial public offerings
1046:Gordon, Brian (2022-10-19).
938:Eddy, Melissa (2023-03-27).
517:Smith, Rick (July 2, 2007).
262:wide-bandgap semiconductors
131:Wide-bandgap semiconductors
103:; 37 years ago
1256:
307:, introduced in March 2013
247:
24:
1052:The News & Observer
712:The Wall Street Journal
350:initial public offering
202:US$ 7.98 billion (2024)
185:US$ –864 million (2024)
168:US$ –445 million (2024)
472:Durham, North Carolina
415:
313:Durham, North Carolina
308:
296:
219:US$ 882 million (2024)
37:Cree, Inc. (1999–2021)
846:. September 16, 2021.
731:Infineon Technologies
591:. September 27, 2011.
413:
381:Infineon Technologies
302:
294:
866:Times Union (Albany)
650:Racine Journal Times
429:spoke at the event.
329:light-emitting diode
919:www.bizjournals.com
476:Department of Labor
225:Number of employees
21:
944:The New York Times
893:The New York Times
632:. January 3, 2000.
506:. August 22, 2024.
441:ZF Friedrichshafen
416:
309:
297:
295:XLamp 7090 XR-E Q4
976:www.wolfspeed.com
842:(Press release).
824:(Press release).
807:The Post-Standard
729:(Press release).
671:. August 2, 2011.
667:(Press release).
437:Ensdorf, Saarland
305:color temperature
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733:. March 6, 2018.
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425:and US Senator
398:Marcy, New York
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278:power inverters
274:radio frequency
270:gallium nitride
266:silicon carbide
258:Wolfspeed, Inc.
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1102:. 2023-03-07
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978:. 2023-02-01
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317:John Palmour
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229:5,013 (2024)
209:Total equity
192:Total assets
116:Headquarters
42:Company type
1152:SEC filings
786:Times Union
370:Energy Star
149:807 million
92:Electronics
80:: CREE
72:S&P 600
1199:Categories
1106:2023-03-07
1081:2023-02-05
1057:2023-02-05
1032:2024-06-20
1007:2023-08-22
982:2023-03-28
957:2023-03-28
924:2022-11-16
483:References
365:lighting.
282:Cree, Inc.
175:Net income
1137:Bloomberg
952:0362-4331
466:Incidents
327:diode in
239:wolfspeed
74:component
54:Traded as
1189:Official
1179:Archived
545:LinkedIn
363:phosphor
127:Products
88:Industry
34:Formerly
1147:Reuters
1027:Reuters
899:May 16,
871:May 16,
524:WRAL-TV
348:via an
287:History
234:Website
137:Revenue
106: (
98:Founded
65::
1157:Yahoo!
1142:Google
950:
568:Forbes
452:Lowell
151:(2024)
122:, U.S.
78:Nasdaq
46:Public
1182:(PDF)
456:MACOM
439:with
339:wafer
1100:OSHA
1076:OSHA
948:ISSN
901:2022
873:2022
268:and
241:.com
147:US$
108:1987
101:1987
67:WOLF
63:NYSE
1201::
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852:^
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110:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
