Chipmaker Cree Changes Name to Wolfspeed, Strikes Deal With GM on Battery Tech

Chipmaker Cree Changes Name to Wolfspeed, Strikes Deal With GM on Battery Tech
A Chevrolet electric car is seen at The North American International Auto Show in Detroit, Mich., on Jan. 12, 2015. Jewel Samad/AFP via Getty Images
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Chipmaker Wolfspeed Inc. on Monday announced a deal with General Motors to supply silicon carbide power devices for future electric vehicle programs, as Wolfspeed changed its name from Cree Inc.

Wolfspeed technology will be used in integrated power electronics in GM’s Ultium Drive system, for upcoming electric vehicles, the two companies said.