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Cree, Inc. a global leader in silicon carbide (SiC) technology, today announced plans to establish a “silicon carbide corridor” on the East Coast of the United States with the creation of what it describes as the world’s largest silicon carbide fabrication facility.

The company will invest $1 billion in new facilities meant to expand their silicon carbide wafer fabrication. In addition to upgrading and expanding new fab facilities in Cree's main campus in Durham, NC, there will be a new facility farther north.