Wolfspeed announces long-term Silicon Carbide wafer supply agreement

Wolfspeed announced the expansion of an existing multi-year, long-term Silicon Carbide wafer supply agreement, now worth approximately $225M, with a power device company. The expanded agreement calls for Wolfspeed to supply the company with 150 mm Silicon Carbide bare and epitaxial wafers, reinforcing the company’s vision for an industry-wide transition from silicon to Silicon Carbide semiconductor power devices.