Wolfspeed, Inc. · NYSE:WOLF

Wolfspeed — Cree — Merger or Acquisition (March 2018)

7 slides from Wolfspeed's merger presentation, Mar 6, 2018

  1. Slide 1: Cree Acquires Infineon Technologies RF Power Business

    © 2018 Cree, Inc. All rights reserved Cree Acquires Infineon Technologies RF Power Business EXPANDING LEADERSHIP IN RF POWER March 6, 2018

  2. Slide 2: Note on Forward-Looking Statements

    © 2018 Cree, Inc. All rights reserved 2 Note on Forward-Looking Statements This presentation includes forward-looking statements involving risks and uncertainties, both known and unknown, that may cause Cree’s actual results to differ materially from those indicated in the forward-looking statements

  3. Slide 3: Wolfspeed: A Powerhouse Semiconductor Company Focused on SiC and GaN

    © 2018 Cree, Inc. All rights reserved 3 WOLFSPEED A Powerhouse Semiconductor company focused on Silicon Carbide (SiC) and Gallium Nitride (GaN) • Large multi-decade growth opportunities with SiC and GaN in Electric Vehicles, Solar energy, Telecommunications, Industrial, and Mil/Aero • Invest to expa

  4. Slide 4: Transaction Summary

    © 2018 Cree, Inc. All rights reserved 4 Transaction Summary Asset Purchase of Infineon RF Power Business Price • Euro 345 million cash (~$426 million) Assets Acquired • GaN-on-SiC and LDMOS packaging and test operations in Morgan Hill, CA • Well-established customer relationships with leading wirele

  5. Slide 5: Strengthens Wolfspeed's leadership position in RF GaN-on-SiC technologies

    © 2018 Cree, Inc. All rights reserved 5 Positions Wolfspeed to further enable faster 4G networks and the revolutionary transition to 5G Strengthens Wolfspeed’s leadership position in RF GaN-on-SiC technologies • Increased scale – increases Wolfspeed revenue by ~$115 million in the first 12 months •

  6. Slide 6: Key Takeaways

    © 2018 Cree, Inc. All rights reserved 6 Key Takeaways Strengthens Market Position Added scale, packaging capabilities and domain expertise will help extend our considerable technology leadership position Expands TAM Offering packaged devices allows us to address more of the overall RF market opportu

  7. Slide 7: © 2018 Cree, Inc. All rights reserved

    © 2018 Cree, Inc. All rights reserved

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