Wolfspeed, Inc.
Capital Structure
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Robert A. Feurle
- Full Time Employees
- 2,371
- Sector
- Electronic technology
- Industry
- Semiconductors
- Address
- 4600 Silicon Drive Durham NC United States 27703
- IPO Date
- Sep 29, 2025
- CIK
- 0000895419
- Website
- wolfspeed.com
- Similar Companies
- Business
- Wolfspeed, Inc. develops and manufactures silicon carbide and gallium nitride wide bandgap semiconductors for power and radio frequency applications. The company produces silicon carbide bare wafers, epitaxial wafers, GaN epitaxial layers on silicon carbide wafers, SiC MOSFETs, SiC Schottky diodes, GaN-on-SiC HEMTs, power modules, discrete power devices, and power die products; it offers design support tools and engineering support for silicon carbide power systems used in electric vehicles, renewable energy, solar inverters, fast charging, energy storage, AI data centers, industrial equipment, power supplies, inverters, and wireless systems. Wolfspeed operates primarily in the United States with facilities in North Carolina, New York, California, and Arkansas; founded in 1987 and headquartered in Durham, North Carolina, the company was formerly known as Cree, Inc., which rebranded to Wolfspeed in 2021. In late 2025, Wolfspeed completes a financial restructuring that reduces total debt by approximately 70%, extends maturities to 2030, and lowers annual cash interest expense by 60%; it secures a proposed $750 million in CHIPS and Science Act funding from the U.S. Department of Commerce, an additional $750 million financing from investors led by Apollo, The Baupost Group, Fidelity, and Capital Group, and expects about $1 billion in Section 48D cash tax refunds; the company also finishes a $200 million at-the-market equity offering, consolidates to a U.S. manufacturing footprint with 200mm silicon carbide capacity, plans closure of its 150mm Durham fab by end-2025, discontinues a proposed Saarland, Germany facility, and expands partnerships with automotive OEMs for SiC devices projected to generate over $2 billion in revenue over five years.
Company News
Wolfspeed Shares Slide After Q1 Earnings Print: Here's Why
Wolfspeed Reports Financial Results for the First Quarter of Fiscal 2027
Wolfspeed Is Down 25% in October: Stay the Course, or Just Stay Away?
Wolfspeed Commercially Introduces Transparent Silicon Carbide Technology for Augmented Reality and Quantum Computing
Wolfspeed Powers the Future of EVs with Multiyear Silicon Carbide Device Agreement
Wolfspeed Highlights AI Data Center Growth, Silicon Carbide Roadmap at Annual Meeting
Wolfspeed, Inc. Announces Date of Fiscal First Quarter Earnings Call for November 4, 2026
Infineon and Wolfspeed Expand and Extend Long-Term Silicon Carbide Wafer Supply Agreement to Include 200 mm
Enlisting Capital: Wolfspeed's Defense Deal
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The Big 3: WOLF, TEAM, HPE
Wolfspeed shares rise after conditional $1.5 billion government loan agreement
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Intel, Marvell, Wolfspeed, Levi Strauss, and More Stocks That Explain Today's Market
Wolfspeed secures $1.5 billion conditional loan commitment from US defense department
Wolfspeed Stock Soars on Massive Pentagon Loan Commitment
Wolfspeed Announces Conditional 30-Year, $1.5 Billion Loan Commitment from U.S. Department of War to Advance Domestic Wide Bandgap Supply Chain
Strength Seen in Wolfspeed, Inc. (WOLF): Can Its 13.2% Jump Turn into More Strength?
Wolfspeed's Busy Week: A New Substrate Launch, a Sector-Wide Rally