Cree

What Cree does

Wolfspeed, Inc. (formerly Cree, Inc., rebranded in 2021) is a U.S.-based semiconductor company specializing in silicon carbide (SiC) power devices and substrate materials. Founded in 1987 and headquartered at the first U.S.-based silicon carbide corridor with end-to-end substrate and power device fabrication, Wolfspeed is the only pure-play vertically integrated SiC company in the world. Its product portfolio spans SiC substrates and epitaxial materials, discrete MOSFETs and Schottky diodes (in 1200V–10kV ratings), automotive-qualified bare die MOSFETs (Gen 4 and Gen 5), and power module families (WolfPACK, YM3, TM, LM) across voltage classes up to 3300V. Supporting tools — reference designs, gate driver boards, and evaluation kits — are bundled alongside the core silicon offerings.

Wolfspeed monetizes through one-time hardware sales of SiC components via a multi-channel go-to-market: direct enterprise sales to large OEM accounts, an authorized global distributor network, online e-commerce, and a sample center for engineering design-in. Pricing is quote-based rather than publicly listed. The customer base spans four primary verticals — automotive/EV (traction inverters, on-board chargers, DC/DC converters), renewable energy (solar, energy storage, fast charging, utility-scale), industrial motor drives, and AI/data center power conversion (server PSUs, UPS, solid-state transformers). Secondary segments include e-mobility (commercial, marine, rail) and aerospace.

The company's competitive positioning rests on decades of accumulated SiC expertise, generation-over-generation device improvements culminating in Gen 5 MOSFETs with industry-lowest RDS(ON), and a vertically integrated U.S. manufacturing footprint that competitors building on silicon-based foundry models must replicate from scratch. Notable 2026 strategic activity includes partnerships with GE Aerospace (aerospace) and Amperesand (AI data center solid-state transformers), the launch of a dedicated Silicon Valley Data Center Solutions team, and the release of new 3.3kV module families targeting renewable energy conversion and grid-scale storage. The company operates an investor relations website indicating public-company status, though no ticker, exchange listing, or company-specific revenue figure is disclosed in the source data.

Name

Cree

Legal name

Wolfspeed, Inc.

Website

https://cree.com

Company type

Public

Founded year

1987

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Wolfspeed (formerly Cree) is the only pure-play vertically integrated silicon carbide semiconductor company in the world, manufacturing SiC substrates, discrete MOSFETs, Schottky diodes, bare die, and power modules for automotive, renewable energy, industrial, and AI data center customers from its U.S.-based fabrication corridor.

Ownership category

akta.pro rank

Product category

Silicon Carbide Power Semiconductors

akta.pro primary industry

Power Modules (IGBT/MOSFET/SiC/GaN Modules) (HDAHAHAH)

akta.pro secondary industries

Wide-Bandgap Power Devices (SiC/GaN Discretes) (HDAHAHAG), Wide-Bandgap (SiC/GaN) Power Modules, Gate Drivers & Packaging (EUAFAIAJ)

Keywords

• Silicon carbide semiconductors
• Power MOSFETs
• Power electronics modules
• SiC substrate materials
• Automotive power semiconductors

Headquarters

HQ city

Durham

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Supply Chain, Marketing or Sales

Revenue model

1. Silicon Carbide Power Semiconductor Products: Sale of silicon carbide power modules, discrete MOSFETs, Schottky diodes, bare die MOSFETs, and bare die Schottky diodes. These are one-time hardware product sales with no subscription component. Revenue is generated through direct sales and distributor channels.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Wolfspeed (formerly Cree) is a vertically integrated silicon carbide (SiC) semiconductor company that designs and manufactures SiC power devices including power modules, discrete MOSFETs, Schottky diodes, bare die products, and SiC substrate/epitaxial materials. The company sells these components to manufacturers building electric vehicles, AI data center power infrastructure, industrial motor drives, and renewable energy systems. It operates the first U.S.-based end-to-end silicon carbide corridor covering materials to finished power devices.

Product overview

Wolfspeed (formerly Cree) is the world's only pure-play, vertically integrated silicon carbide company, offering a comprehensive portfolio spanning SiC materials (substrates and epitaxy), power modules, discrete power devices (MOSFETs and Schottky diodes), and power die products. The product portfolio includes: Power Modules (WolfPACK, YM3, LM, TM families), Discrete MOSFETs (E-Series automotive, industrial), Discrete Schottky Diodes, Bare Die products (MOSFETs in 1200V-10kV range, Schottky Diodes), and supporting tools including Reference Designs, Gate Driver Boards, and Evaluation Kits. Materials Products provide the foundational SiC substrates for internal device fabrication and external customers. This vertically integrated approach enables control from raw SiC material through finished power devices.

Differentiator

Problem solved

Functional benefit

Products and services

• Power Modules Silicon carbide power modules including 1200V automotive qualified 6-pack modules, WolfPACK full-bridge baseplate-less modules, and high-power half-bridge modules (LM and TM families) for solar, grid-scale energy storage, wind power, and EV traction inverter applications.
• Discrete MOSFETs Silicon carbide metal-oxide-semiconductor field-effect transistors available in 1200V automotive qualified and 1700V industrial qualified variants, including E-Series automotive qualified SiC MOSFETs in Top-Side Cooled (TSC) packages for high-efficiency power conversion.
• Discrete Schottky Diodes Silicon carbide Schottky barrier diodes providing low forward voltage drop and fast switching for power supply and inverter applications.
• Bare Die MOSFETs Bare silicon carbide die MOSFET products available in multiple voltage ratings (1200V Gen 4/Gen 5, 2300V, 10kV) optimized for automotive powertrain, traction inverters, UPS, renewable energy, and medium voltage drives.
• Bare Die Schottky Diodes Bare silicon carbide die Schottky diodes for custom module integration and high-reliability applications.
• Materials Products Silicon carbide substrate and epitaxial materials for power semiconductor fabrication, supporting the vertically integrated supply chain from raw materials to finished devices.
• Reference Designs Pre-validated circuit designs and schematics sold as standalone tools to accelerate system development using Wolfspeed SiC devices.
• Gate Driver Boards Driver boards designed as standalone products to properly interface with and control SiC MOSFETs and modules in power conversion applications.
• Evaluation Kits Complete evaluation platforms including hardware and software sold as standalone kits for testing and characterizing SiC power devices in specific application environments.

Quantifiable outcome

• Products deliver ruggedness at every stage of product lifecycle designed to perform in toughest operating environments
• +1 more outcomes

Named customers2 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Two partnerships are on record, tiered core.

• GE AerospacecoreStrategic or Co-development Partner · 8 June 2026GE Aerospace and Wolfspeed announced a collaboration to accelerate high-voltage silicon carbide (SiC) adoption in aerospace applications. This strategic partnership focuses on developing and deploying SiC technology for demanding aerospace power applications.
• AmperesandcoreStrategic or Co-development PartnerAmperesand partnered with Wolfspeed to develop highly reliable medium voltage (MV) SiC-based solid-state transformers for AI data center infrastructure. Wolfspeed provides the silicon carbide components enabling Amperesand to build the cornerstone of tomorrow's grid.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• STMicroelectronics: Major SiC MOSFET and module manufacturer serving automotive traction inverters, industrial drives, and renewable energy — Wolfspeed's most direct head-to-head competitor across the same SiC power device portfolio.
• Infineon Technologies: Largest power semiconductor manufacturer globally, with a broad SiC roadmap (CoolSiC) targeting EVs, industrial drives, and renewable energy — competing with Wolfspeed across virtually every end market.
• ON Semiconductor (onsemi): Expanding SiC power device portfolio targeting automotive traction inverters and EV power conversion, named alongside Wolfspeed as a key SiC player; competes directly in discrete and module form factors.
• ROHM Semiconductor: Japanese power semiconductor manufacturer with a dedicated SiC MOSFET and Schottky diode line serving automotive and industrial customers — competes with Wolfspeed in SiC discretes and modules.
• Renesas Electronics: Acquired a major SiC wafer supply position from Wolfspeed and has built internal SiC power device capability, placing it in direct competition in automotive and industrial SiC markets.

Broad incumbents

• Mitsubishi Electric: Established power module manufacturer with SiC and IGBT products serving industrial, rail, and renewable energy — broader portfolio than Wolfspeed but overlapping in high-voltage SiC modules.
• Toshiba Electronic Devices & Storage: Diversified power semiconductor supplier with SiC MOSFET and discrete offerings for industrial and automotive — overlaps with Wolfspeed in discrete SiC while serving a much broader customer base.
• Microchip Technology: Diversified semiconductor company offering SiC power solutions via its Microsemi acquisition — competes in discrete and module SiC for industrial and renewable energy applications.

Emerging players

• Navitas Semiconductor: Pure-play wide-bandgap (GaN/SiC) power semiconductor company focused on high-frequency power conversion for consumer chargers, data centers, and EVs — adjacent technology that could compete in some SiC use cases.
• Power Integrations: Power semiconductor company that has introduced its own SiC MOSFET offerings for high-voltage power conversion — competes in select industrial and renewable energy segments where Wolfspeed also plays.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xtwitter.com/wolfspeed
• YouTubeyoutube.com/c/wolfspeedinc
• LinkedInlinkedin.com/company/cree
• Instagraminstagram.com/runwithwolfspeed

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cree