Arrow Electronics Expands Distribution Agreement with Cree, Inc.’s Wolfspeed Division
November 09 2018 - 10:10AM
Business Wire
Extended Agreement Includes Wolfspeed’s RF and
Power Products
Arrow Electronics, Inc. (NYSE: ARW) today announced an expanded
agreement with Cree, Inc.’s Wolfspeed division (NASDAQ: CREE). The
new agreement positions Arrow Electronics as Cree’s largest global
distributor for Wolfspeed’s industry-leading silicon carbide (SiC)
and gallium nitride (GaN) on SiC product portfolio.
“We are pleased to build upon and expand our franchise to
include both Wolfspeed’s power and RF solutions,” said David West,
senior vice president of global marketing and engineering at Arrow.
“This agreement offers our customers a greater range of technology
options that will enable continuous product innovation.”
“Wolfspeed’s heritage as a pioneer of GaN-on-SiC technology for
RF applications is well established and offers an attractive value
proposition to our customers who are evolving the technology
marketplace,” said Rafael R. Salmi, Ph.D., president of Richardson
RFPD. “This agreement offers a strategic advantage in that we can
now provide the optimal RF power solutions to meet our customers’
diverse needs.”
“We are committed to ensuring our customers have access to our
superior SiC-based semiconductor devices,” said Thomas Wessel,
senior vice president of global sales and marketing. “Arrow’s
global sales force enables us to reach more markets and customers
quicker and more efficiently through a proven partner
solution.”
Arrow will be featuring an IoT-connected 150 kW off-board
charging station that relies upon Wolfspeed’s SiC technology in
their booth #412 at Electronica in Munich, Germany, Nov. 13-16.
About Arrow Electronics
Arrow Electronics guides innovation forward for over 150,000 of
the world’s leading manufacturers of technology used in homes,
business and daily life. With 2017 sales of $26.6 billion, Arrow
aggregates electronics and enterprise computing solutions for
customers and suppliers in industrial and commercial
markets. The company maintains a network of more than 345
locations serving over 80 countries. Learn more
at FiveYearsOut.com.
About Cree, Inc.
Cree is an innovator of Wolfspeed® power and radio frequency
(RF) semiconductors, lighting class LEDs and lighting products.
Cree’s Wolfspeed® product families include SiC materials,
power-switching devices and RF devices targeted for applications
such as electric vehicles, fast charging inverters, power supplies,
telecom and military and aerospace. Cree’s LED product families
include blue and green LED chips, high-brightness LEDs and
lighting-class power LEDs targeted for indoor and outdoor lighting,
video displays, transportation and specialty lighting applications.
Cree’s LED lighting systems and lamps serve indoor and outdoor
applications.
For additional product and company information, please refer
to www.cree.com.
Cree® and Wolfspeed® are registered trademarks
of Cree, Inc.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20181109005356/en/
Arrow Electronics, Inc.John Hourigan,
303-824-4586orCree, Inc.Shina Jackson,
919-407-5652media@cree.com
Cree (NASDAQ:CREE)
Historical Stock Chart
From Aug 2024 to Sep 2024
Cree (NASDAQ:CREE)
Historical Stock Chart
From Sep 2023 to Sep 2024