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They are trying to get more into the automotive industry...

Cree’s Wolfspeed Technology Moves Electric Vehicle Market to the Fast Lane with Newest 1200V SiC MOSFET

DURHAM, N.C. -- Wolfspeed, A Cree Company (Nasdaq: CREE), today announced a performance breakthrough in the ability to power the drivetrain of electric vehicles (EVs) using its new third generation 1200V SiC MOSFET family. This switching device, which enables high-voltage power conversion, solidifies the company’s leadership in solutions for the EV ecosystem. The development brings increased efficiency to the drivetrain while lowering system costs, paving the way for longer driving range and better overall EV performance for consumers.

“There is a growing global demand for more electric vehicles on the road, with nearly all vehicle manufacturers announcing new electric platforms across their fleets,” said Gregg Lowe, CEO of Cree, Inc. “Cree is at the forefront of enabling this dramatic change in the automotive industry with new technologies, such as Wolfspeed’s new silicon carbide MOSFET portfolio, that help foster the adoption of electric vehicles....”

http://www.cree.com/news-events/news/article/crees-wolfspeed...
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