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Cree Inc. Rebrands as Wolfspeed Inc., Strikes Deal with GM

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DURHAM, N.C., Oct. 13, 2021 — The semiconductor solutions developer formerly known as Cree Inc. has officially launched under a new name, Wolfspeed Inc. The company, credited with developing the first blue LED and, in 1991, the first commercial SiC wafer, said the name change followed a multiyear transformation that involved the divestiture of two-thirds of the business, as well as a repositioning of its overall strategy. Wolfspeed issued a press release announcing the change Oct. 4, the same day it announced it had formed a supplier agreement with General Motors to develop and provide SiC power device solutions for...Read full article

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