July 9, 2015
Accelerating Disruption of Silicon-carbide (SiC) Power Modules Market
DURHAM, N.C., July 9, 2015 – Cree, Inc. (Nasdaq: CREE), a market leader in silicon-carbide (SiC) power and RF products today announced the acquisition of APEI, a global leader in power modules and power electronics applications. Combining two highly complementary innovators, the acquisition enables Cree’s Power and RF business to extend its leadership position and help to accelerate the market for high-performance, best-in-class SiC power modules.
This acquisition strengthens Cree’s market-leading position for SiC power electronics, infusing the Power and RF business with additional intellectual property and applications expertise at the systems level from APEI. The companies' shared mission to deliver the industry’s most innovative SiC power products has already led to successful collaboration on multiple government contracts. In 2014, the co-development of a High-Performance Silicon Carbide-based Plug-In Hybrid Electric Vehicle Bat ...