Semiconductor manufacturer Cree banks on electromobility6/19/2018
"The failure of the sale of Wolfspeed to Infineon was a blessing and good fortune at the same time," said Gregg Lowe, CEO of the American lighting technology specialist and semiconductor manufacturer Cree, which owns Wolfspeed, which was originally scheduled to be sold to Infineon for $850 million. "I am glad that the deal did not go through," says Lowe, who only started in September 2017, with a smile. He was previously Chairman of Freescale and a longtime senior manager of Texas Instruments. “This way we got a second chance for a new growth story for Cree."