Cree Announces Termination of Wolfspeed and Infineon Sale Transaction

Cree, Inc. will terminate the definitive agreement to sell its Wolfspeed Power and RF division, which includes the silicon carbide substrate business for power, RF and gemstone applications, to Infineon Technologies AG. Cree and Infineon have been unable to identify alternatives which would address the national security concerns of the Committee on Foreign Investment in the United States (CFIUS), and as a result, the proposed transaction will be terminated. Wolfspeed will be reintegrated into Cree.

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