Cree has signed a license agreement with Nippon Steel Corporation on silicon carbide (SiC) materials.

According to the agreement, Nippon Steel Corporation, and affiliates including Nippon Steel Materials Co., Ltd., have been given the right to manufacture and sell silicon carbide materials for electronic device applications.

For Cree, it will receive certain financial considerations from Nippon Steel over the lifetime. It was also granted rights to Nippon Steel’s relevant SiC-related patents.
 
Other terms of the agreement were not disclosed. No technology transfer between the parties was included.