Industry News

Steve Daly Replaces John Croteau as MACOM President and CEO

Former Hittite CEO takes the reins

In an unexpected move, MACOM announced this morning that Stephen Daly has replaced John Croteau as president and CEO. Daly is a member of MACOM’s board and previously served as president, CEO and chairman of Hittite. MACOM did not disclose what prompted the change, saying only that Croteau resigned May 15 and will serve in an advisory role for the next two months, to assist with the leadership transition.

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Cree to Invest $1B to Expand SiC Capacity

Cree plans to invest up to $1 billion to expand its SiC and GaN capacity, by building a state-of-the-art, automated 200 mm SiC fabrication facility and materials “mega factory” at its U.S. headquarters in Durham, North Carolina. To be completed in 2024, the expansion will increase the capacity of both Wolfspeed’s materials and wafer fabrication capacity by 30x.

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