Wolfspeed: Cree names its Power and RF Business
Wolfspeed is the new name for Cree's power and RF division, which is being spun-off into a standalone company focused on wide bandgap semiconductors.
The new name is said to combine important elements of Cree's culture and expertise and allows the Power and RF division to build brand equity while operating as a separate business. Cree's ambitious vision for Wolfspeed is for it to become the world's leading wide bandgap semiconductor electronics company.
Cree believes that with its fully commercialised, broad portfolio of field-tested SiC and GaN power and wireless technologies and products, Wolfspeed is in a prime position to drive innovation in areas such as higher power density, higher switching frequencies and reduced system size and weight.
"Today, Wolfspeed is providing our customers and our team with a first look at our new company's name, brand identity and purpose in advance of our IPO, which we plan to execute during fiscal year 2016," said Frank Plastina, executive vice president, Wolfspeed. "We're building something new on the firm foundation that is Cree," Plastina added, "and we want to share our vision, plans and enthusiasm with all of our stakeholders as we move seamlessly through the transition."
