Wolfspeed's History and Future Development

Wolfspeed, formerly known as Cree, was founded in 1987 and is a global leader in LED technology innovation. Cree's XLamp XR-E LED, launched in 2006, refreshed the lighting-level brightness, light efficiency, service life and light quality of LEDs. Now, Wolfspeed is facing a critical period of transition from 6-inch silicon carbide wafers to 8-inch wafers. Despite poor financial performance, the company is still trying to find a way out.