Arrow Electronics Expands Distribution Agreement with Cree, Inc.’s Wolfspeed Division

Extended Agreement Includes Wolfspeed’s RF and Power Products

CENTENNIAL, Colo.–(BUSINESS WIRE)–Arrow Electronics, Inc. (NYSE: ARW) today announced an expanded
agreement with Cree, Inc.’s Wolfspeed division (NASDAQ: CREE). The new
agreement positions Arrow Electronics as Cree’s largest global
distributor for Wolfspeed’s industry-leading silicon carbide (SiC) and
gallium nitride (GaN) on SiC product portfolio.

We are pleased to build upon and expand our franchise to include both
Wolfspeed’s power and RF solutions,” said David West, senior vice
president of global marketing and engineering at Arrow. “This agreement
offers our customers a greater range of technology options that will
enable continuous product innovation.”

Wolfspeed’s heritage as a pioneer of GaN-on-SiC technology for RF
applications is well established and offers an attractive value
proposition to our customers who are evolving the technology
marketplace,” said Rafael R. Salmi, Ph.D., president of Richardson RFPD.
This agreement offers a strategic advantage in that we can now provide
the optimal RF power solutions to meet our customers’ diverse needs.”

We are committed to ensuring our customers have access to our superior
SiC-based semiconductor devices,” said Thomas Wessel, senior vice
president of global sales and marketing. “Arrow’s global sales force
enables us to reach more markets and customers quicker and more
efficiently through a proven partner solution.”

Arrow will be featuring an IoT-connected 150 kW off-board charging
station that relies upon Wolfspeed’s SiC technology in their booth #412
at Electronica in Munich, Germany, Nov. 13-16.

About Arrow Electronics

Arrow Electronics guides innovation forward for over 150,000 of the
world’s leading manufacturers of technology used in homes, business and
daily life. With 2017 sales of $26.6 billion, Arrow aggregates
electronics and enterprise computing solutions for customers and
suppliers in industrial and commercial markets. The company maintains a
network of more than 345 locations serving over 80 countries. Learn more
at FiveYearsOut.com.

About Cree, Inc.

Cree is an innovator of Wolfspeed® power and radio frequency (RF)
semiconductors, lighting class LEDs and lighting products. Cree’s
Wolfspeed® product families include SiC materials, power-switching
devices and RF devices targeted for applications such as electric
vehicles, fast charging inverters, power supplies, telecom and military
and aerospace. Cree’s LED product families include blue and green LED
chips, high-brightness LEDs and lighting-class power LEDs targeted for
indoor and outdoor lighting, video displays, transportation and
specialty lighting applications. Cree’s LED lighting systems and lamps
serve indoor and outdoor applications.

For additional product and company information, please refer to www.cree.com.

Cree® and Wolfspeed® are registered trademarks of Cree, Inc.

Contacts

Arrow Electronics, Inc.
John Hourigan, 303-824-4586
or
Cree,
Inc.

Shina Jackson, 919-407-5652
media@cree.com

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