Cree Announces Update to Capacity Expansion Plan - Company to Build World’s Largest Silicon Carbide Device Manufacturing Facility in New York
Cree, Inc. (CREE)
Last cree, inc. earnings: 4/29 04:01 pm
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US:NASDAQ Investor Relations:
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Source: Business Wire
State-of-the-art wafer fab in New York and mega materials factory in North Carolina will establish silicon carbide corridor on the East Coast Partnership creates larger, highly-automated wafer fab at lower net cost than previously plannedProposed 200mm power and RF wafer fabrication facility, known as the “North Fab,” will be built in a new location in New YorkMega materials factory expansion continues at North Carolina global headquartersPlan enables 25 percent increased capacity for lower net CapEx DURHAM, N.C.--(BUSINESS WIRE)--Cree, Inc. (Nasdaq: CREE), the global leader in silicon carbide (SiC) technology, today announced plans to establish a silicon carbide corridor on the East Coast of the United States with the creation of the world’s largest silicon carbide fabrication facility. The company will build a brand new, state-of-the-art, automotive-qualified 200mm power and RF wafer fabrication facility in Marcy, New York, complemented by its mega materials factory expansion cur
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