News: Microelectronics
16 September 2021
Cree | Wolfspeed to transfer from Nasdaq to NYSE
Cree Inc of Durham, NC, USA, which provides silicon carbide (SiC) technology through its Wolfspeed business, is to transfer the listing of its common stock to the New York Stock Exchange (NYSE) from The Nasdaq Global Select Market. Cree expects to commence trading as a NYSE-listed company at market open on 4 October under the new ticker symbol ‘WOLF’. The firm will continue to trade its common stock on the Nasdaq until the close of the market on 1 October. As previously announced, the firm will also change its corporate name from Cree Inc to Wolfspeed Inc, effective 4 October.
“We are pleased to join the NYSE, one of the world’s most prestigious trading platforms, as we continue on our transformational journey as a pure-play global semiconductor powerhouse leading the industry transition from silicon to silicon carbide,” says CEO Gregg Lowe. “Our company name change to Wolfspeed capitalizes on our 30-year heritage of working with silicon carbide and underscores our ambitious plans to compete and win in the rapidly expanding marketplace, which we believe will continue to provide long-term value for our customers and shareholders,” he adds.
Cree is hosting an Investor Day on 17 November at the New York Stock Exchange in New York City. Cree | Wolfspeed CEO Gregg Lowe, CFO Neill Reynolds and other members of the senior management team will discuss the firm’s progress on its transformation strategy and share more details about its long-term outlook.
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