Cree changes its company name to ‘Wolfspeed Inc’

Local News

UTICA, N.Y. (WUTR/WFXV/WPNY) – Cree, Inc has officially changed its company name to Wolfspeed, Inc. Additionally, the Albany business review is reporting that Wolfspeed is using their Marcy facility as a major part of their shift toward a greater concentration of semiconductor manufacturing.

That move comes at a time when a shortage of semiconductors worldwide is having a major impact on product availability for everything from video games to cars. Wolfspeed CEO Gregg Lowe told the Albany Business Review that the company reached an agreement with General Motors to develop and provide G.M. with silicon carbide products for G.M. electric vehicles and they will be produced in Marcy.

According to the article, Wolfspeed has already hired 200 workers for the Marcy operation. The plant is being equipped for production, which is expected to begin next year after testing in early 2022. Lowe is quoted saying that within two years seventy-five percent of their production will be coming out of the Mohawk Valley.

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