Are CREE and Wolfspeed the same company?

Cree, Inc. Officially Changes Company Name to Wolfspeed, Inc., Marking Successful Transition to Global Semiconductor Powerhouse | Wolfspeed.

When did CREE buy Wolfspeed?

by WRAL TechWire — September 17, 2021 .

What does CREE Wolfspeed do?

Wolfspeed has worked with silicon carbide for 30 years. In addition to making its own silicon carbide chips, Wolfspeed makes about 60% of the world’s raw silicon carbide material and supplies it to some of its competitors such as Infineon Technologies (IFXGn.DE), STMicroelectronics (STM.BN) and On Semiconductor (ON.

Who owns Cree, Inc?

SMART Global Holdings, Inc.
NEWARK, Calif., – March 1, 2021 – SMART Global Holdings, Inc. (“SGH” or “SMART” or the “Company”) (NASDAQ: SGH), today announced that it has completed its acquisition of Cree, Inc.’s (NASDAQ:CREE) Cree LED Products business unit (“Cree LED”).

Did Cree become Wolfspeed?

On Monday, it officially dropped the name Cree, which will still be used on lighting products sold by other companies now. Going forward, its name will be Wolfspeed, and its stock ticker has changed to “WOLF.” Wolfspeed is an homage to the company’s roots at N.C. State University. “We’re not an LED company.

Who owns Cree Wolfspeed?

Gregg Lowe is CEO of Wolfspeed, which was formerly known as Cree. Cree —which renamed itself Wolfspeed this morning — is making a $1 billion bet on the future of electronics with its factory near Utica.

Why did Cree become Wolfspeed?

On Monday, it officially dropped the name Cree, which will still be used on lighting products sold by other companies now. Going forward, its name will be Wolfspeed, and its stock ticker has changed to “WOLF.” Wolfspeed is an homage to the company’s roots at N.C. State University.

Who owns Wolfspeed?

Infineon Technologies
In July 2016, Infineon Technologies agreed to acquire the company’s Wolfspeed RF and power electronics devices unit for $850 million.

Is Wolfspeed an American company?

The company was founded in July 1987 in Durham, North Carolina. Five of the six founders – Neal Hunter, Thomas Coleman, John Edmond, Eric Hunter, John Palmour and Calvin Carter – are graduates of North Carolina State University.

Why did Cree change to Wolfspeed?

Going forward, its name will be Wolfspeed, and its stock ticker has changed to “WOLF.” Wolfspeed is an homage to the company’s roots at N.C. State University. “We’re not an LED company. We’re not a lighting company,” Lowe said.

Is Wolfspeed a good investment?

In terms of forward Price/Book, WOLF is currently trading at 6.62x, 16% higher than the industry average of 5.70x. WOLF’s trailing-12-month net income margin is negative 72.28%, while its EBITDA margin is negative 15.25%.

When did Cree change its name to Wolfspeed?

In 1991, the company released the first commercial silicon carbide wafer. In 1993, the company became a public company via an initial public offering. In 1999, the company name was changed from Cree Research to Cree, Inc.

Who competes with Wolfspeed?

Wolfspeed’s top competitors include Mitsubishi Electric, IQE, SiCrystal and Toshiba America Electronic Components. Wolfspeed (formerly known as Cree) is a provider of semiconductor products for the transportation, industrial, energy, and communications markets.

Is Wolfspeed a good company?

Is Wolfspeed a good company to work for? Wolfspeed has an overall rating of 3.9 out of 5, based on over 656 reviews left anonymously by employees. 75% of employees would recommend working at Wolfspeed to a friend and 84% have a positive outlook for the business. This rating has improved by 15% over the last 12 months.

Is Wolfspeed a buy?

Wolfspeed has received a consensus rating of Buy. The company’s average rating score is 2.83, and is based on 5 buy ratings, 1 hold rating, and no sell ratings.

Should I invest in Wolfspeed?

There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should “buy” Wolfspeed stock. View analyst ratings for Wolfspeed or view top-rated stocks.