Wolfspeed Inc.
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Robert A. Feurle
- Full Time Employees
- 3,434
- Sector
- Technology
- Industry
- Semiconductors
- Address
- 4600 Silicon Drive Durham NC United States of America 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.
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