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Infineon to buy Cree’s Wolfspeed SiC business

LONDON—Cree announced the rebranding of its power and RF division as Wolfspeed in September 2015 (see Cree divests RF, power business ) so that Cree could focus on LED lighting. At the time it was said that Wolfspeed would work towards an initial public offering of shares in the 2016 financial year.

Wolfspeed (Research Triangle Park, North Carolina), which applies silicon-carbide across a breadth of applications in RF and power, provides a good fit with Infineon, which has itself focused on power, industrial, automotive and security applications in recent years. The company generated revenues of $173 million (about €155 million) in the year to March 27, 2016.

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