The New York-based fab expands Wolfspeed’s
manufacturing capacity to meet the steepening demand for Silicon
Carbide devices across automotive and industrial applications.
Wolfspeed, Inc. (NYSE: WOLF), the global leader in Silicon
Carbide technology and production, today officially opened its
state-of-the-art, Mohawk Valley Silicon Carbide fabrication
facility in Marcy, N.Y. with a ribbon cutting ceremony featuring
Federal and State Officials. The 200mm wafer fab will help lead the
industry-wide transition from silicon to Silicon Carbide-based
semiconductors.
New York Governor Kathy Hochul was on site to officially welcome
Wolfspeed to Mohawk Valley, in addition to Eric Bach, Senior Vice
President of Product and Chief Engineer at Lucid Motors. Wolfspeed
recently announced a multi-year agreement with Lucid to supply
Silicon Carbide devices. As a key partner, Lucid Motors had the
honor of “cutting the ribbon” with its Lucid Air®, named the 2022
MotorTrend Car of the Year®. The Lucid Air Grand Touring features
an official EPA estimated 516 miles of range or 1,050
horsepower.
“By cutting the ribbon on this new chip fabrication facility, we
are making good on the promise of being the most business-friendly
and worker-friendly state in the nation, while cementing New York
as the national hub for semiconductor production,” Governor
Hochul said. “Employers in cutting-edge industries like
Wolfspeed will power the future of New York by bringing good paying
jobs and educational opportunities to communities like this one,
right here in Marcy. My administration is pulling out all the stops
to position emerging industries for success in our state, and I
thank Wolfspeed for this public-private partnership.”
“We are honored to be joined by these government, community and
industry leaders to celebrate Wolfspeed’s Mohawk Valley Fab, New
York State’s economic competitiveness and American chip
manufacturing,” said Gregg Lowe, president and CEO of
Wolfspeed. “I am incredibly proud of the team, and all our
partners, who brought this monumental fab to life in such a short
time. This fab will not only supply customers in 2022 but also
support long-term American competitiveness.”
“As a market leader and technology innovator, we share
Wolfspeed’s values and mission to provide industry-leading
solutions for energy efficient consumption and a sustainable
future,” said Eric Bach, Senior Vice President of Product and
Chief Engineer at Lucid. “Today, we are very proud to announce
we will be partnering with Wolfspeed to source the highest quality
Silicon Carbide components here in the State of New York, providing
even more American jobs for the EV industry.”
The automated Mohawk Valley facility is the world’s first and
largest 200mm Silicon Carbide fab providing uncompromised wafer
quality and higher yield. The devices developed in Mohawk Valley
will be critical in feeding Wolfspeed’s $20B+ pipeline and the
global semiconductor industry. The first Silicon Carbide lot was
run at the facility earlier this month. More than 600 high-tech
Mohawk Valley jobs will be created by 2029.
“We are proud to be a part of the growing semiconductor industry
in New York and appreciate the strong, sustained support received
from our local partners,” said Rex Felton, Senior Vice President
of Global Operations. “This facility showcases our commitment
to the highest standards for operational excellence that will lead
to more output and therefore, more product in the hands of our
customers.”
Wolfspeed is also expanding its operations in N.C. with the
creation of a materials factory in Durham, N.C., scheduled to be
completed later this year. Together, these factories establish a
national Silicon Carbide corridor on the East Coast, combining
Wolfspeed’s 30+ year history of research and development in N.C.
with the strong technology base, rich manufacturing heritage, and
high quality talent in N.Y.’s Mohawk Valley.
“SUNY Polytechnic Institute is proud to join Governor Kathy
Hochul in congratulating Wolfspeed as they cut the ribbon on their
state-of-the-art Mohawk Valley Fab,” said SUNY Poly Acting
President Dr. Tod A. Laursen. “This site now holds incredible
promise for our region, New York State, and especially our
graduates who are well prepared for the types of leading-edge
careers that will be available. I am grateful for our partnership
with Wolfspeed, which is powering targeted, semiconductor-centered
curricula and providing new high-tech equipment at SUNY Poly via
the $250,000 Wolfspeed Curriculum Gift; uplifting traditionally
underserved students through scholarship opportunities from
Wolfspeed’s $2,000,000 scholarship program over 10 years; and
providing $1,500,000 in funding to establish the Dr. John Edmond
and Dr. John Palmour SUNY Polytechnic Institute Endowed Faculty
Chairs; all of which underpin the continued expansion of science,
technology, engineering, and mathematics (STEM) opportunities for
students at SUNY Poly.”
“Twenty-seven months ago, Wolfspeed, State and Local partners
announced plans by Wolfspeed to build the world’s largest 200 mm
state-of-the-art Silicon Carbide semiconductor facility here in the
Mohawk Valley. Today we celebrate the opening of Wolfspeed’s Mohawk
Valley Fab. Wolfspeed is a leader in the power electronics market
with the transition from Silicon to Silicon Carbide semiconductors,
and the Mohawk Valley Region is at the heart of this industry
transformation,” said Mohawk Valley EDGE President and CEO
Steven DiMeo. “We want to give special thanks to Gregg Lowe and
the entire Wolfspeed team for their commitment and the tremendous
community partner they have become with their financial commitments
to SUNY Poly and Mohawk Valley Community College to produce the
next generation of technology leaders.”
About Wolfspeed:
Wolfspeed (NYSE: WOLF) leads the market in the worldwide
adoption of Silicon Carbide and GaN technologies. We provide
industry-leading solutions for efficient energy consumption and a
sustainable future. Wolfspeed’s product families include Silicon
Carbide materials, power-switching devices and RF devices targeted
for various applications such as electric vehicles, fast charging,
5G, renewable energy and storage, and aerospace and defense. We
unleash the power of possibilities through hard work, collaboration
and a passion for innovation. Learn more at www.wolfspeed.com.
Forward Looking Statements:
This press release contains forward-looking statements involving
risks and uncertainties, both known and unknown, that may cause
actual results to differ materially from those indicated. Actual
results may differ materially due to a number of factors, including
the risks associated with construction of a new device fabrication
facility, including issues related to installing and qualifying new
equipment, potential production process yield and quality control
deviations, and potential unanticipated increases in costs or
decreases in output; the risk Wolfspeed may encounter delays or
other difficulties in ramping up production of its capacity to
supply these products; the risk that Wolfspeed may be unable to
manufacture these products with sufficiently low cost to offer them
at competitive prices or with acceptable margins; customer
acceptance of these new products; the rapid development of new
technology and competing products that may impair demand or render
Wolfspeed’s products obsolete; and other factors discussed in
Wolfspeed’s filings with the Securities and Exchange Commission,
including its report on Form 10-K for the year ended June 27, 2021,
and subsequent filings.
Wolfspeed® is a registered trademark of Wolfspeed, Inc. Lucid®
and Air® are registered trademarks of AVB Metrics, LLC.
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version on businesswire.com: https://www.businesswire.com/news/home/20220425005873/en/
Media Relations Contact:
Melinda Walker Director, Corporate Communications 818-261-4585
media@wolfspeed.com
Investor Relations Contact:
Tyler Gronbach VP, Investor Relations 919-407-4820
investorrelations@wolfspeed.com
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