DURHAM – Wolfspeed is now “only pure-play silicon carbide semiconductor manufacturer in the industry,” says CEO Gregg Lowe after the Durham company on Monday completed the sale of its radio frequency business.
The chip manufacturer has wrapped up the $135 million deal with Macom – $75 million in cash and some $61 million in Macom stock.
“The completed sale of Wolfspeed RF is the final step in our transformation, and we’re happy to say Wolfspeed is now the only pure-play silicon carbide semiconductor manufacturer in the industry,” said Lowe in the announcement. “As demand continues to accelerate across the automotive, industrial and renewable energy markets, we can now focus on innovation and capacity for our materials and power device businesses.”
Wolfspeed is constructing a chip plant in Siler City and is finishing the buildout of its factory in the state of New York,