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Cree announced a long term deal to supply Infineon with 150mm SiC wafers worth 100 million.

Cree, Inc. Announces Long-Term Silicon Carbide Wafer Supply Agreement with Infineon

Cree, Inc. announces that it signed a strategic long-term agreement to produce and supply its Wolfspeed™ silicon carbide (SiC) wafers to Infineon Technologies AG. The agreement governs Cree’s supply of advanced 150 mm SiC wafers to Infineon, which will broaden Infineon’s product offering to address today’s high-growth markets, such as photovoltaic inverters and electro mobility.

“Infineon is a longstanding, valuable commercial partner with an excellent reputation,” said Gregg Lowe, CEO of Cree. “This agreement validates the quality of Cree’s SiC wafer technology and our capacity expansion, as well as the accelerated adoption of SiC-based solutions that are critical to enabling faster, smaller, lighter and more powerful electronic systems...”

http://www.cree.com/news-events/news/article/cree-inc-announ...
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