Marcy, NY (July 13, 2020) – Cree, Inc. (Nasdaq: CREE), the global leader in silicon carbide (SiC) technology, is pleased to announce it has surpassed foundational targets for the construction of  its Mohawk Valley Fab in Marcy. This week, the last concrete pour for the fab building’s foundation will occur, totaling 26,000 cubic feet of concrete used. As a result of this milestone, vertical work has started with two cranes on site to begin the roof trusses and steel column placement. Foundation work is also underway for the central utility and admin buildings adjacent to the fab.

As previously announced, Cree has committed to creating more than 600 new jobs within eight years as well as providing internships for SUNY students as part of its presence. Currently, Cree has 30 full-time employees in New York and 24 interns from local universities throughout the state. Cree also has multiple job openings listed for the fab, which include engineering and technician-related positions.

Additionally, Cree announced last month that it will establish the “Cree | Wolfspeed Scholarship” program and endowed chairs to continue the expansion of STEM opportunities for SUNY Polytechnic Institute students as well as help train tomorrow’s high-tech workforce. For more details regarding this news, please click here.

For any questions, please contact Claire Simmons at csimmons@cree.com.

About Cree, Inc.  

Cree is an innovator of Wolfspeed® power and radio frequency (RF) semiconductors and lighting class LEDs. Cree’s Wolfspeed product portfolio includes silicon carbide materials, power-switching devices and RF devices targeted for applications such as electric vehicles, fast charging, inverters, power supplies, telecom and military and aerospace. Cree’s LED product portfolio includes blue and green LED chips, high-brightness LEDs and lighting-class power LEDs targeted for indoor and outdoor lighting, video displays, transportation and specialty lighting applications.

For additional product and Company information, please refer to www.cree.com. Cree® and Wolfspeed® are registered trademarks of Cree, Inc.

# # #