Wolfspeed Aktie News

Wolfspeed has finally received nearly $700 million in tax refunds set aside for the company through the CHIPS Act. The new funding improves Wolfspeed's financial position and makes it more likely that additional governmental help could arrive at some point.

The IRS just cut Wolfspeed a check for $698.6 million. Wolfspeed expects to eventually reap $1 billion-worth of Advanced Manufacturing Investment Credits.

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), a global leader in silicon carbide technology and production, today announced that it has received $698.6 million in cash tax refunds from the Internal Revenue Service (IRS) from the Advanced Manufacturing Investment Credit (AMIC) under Section 48D of the Internal Revenue Code. The refund represents a significant step in the monetizat...

Wolfspeed emerged from Chapter 11 bankruptcy this September. Its carrying less debt and better positioned to expand its 200mm fabs.

In an interview released on Friday, Wolfspeed's CEO said his company will work to diversify its customer base, looking beyond electric vehicles. Wolfspeed is still in a precarious position, and its stock could continue to see dilution.

Navitas and Wolfspeed both produce next-gen chips for demanding markets. Navitas operates a nimbler business model, but its stock looks overvalued.

Buying into stocks that might be next on Washington's list could be a good way to see gains.

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc., a global leader in silicon carbide technology, today announced its new 1200V SiC six-pack power modules that redefine performance benchmarks for high-power inverters. By combining its latest advanced Gen 4 SiC MOSFET technology and innovative packaging, Wolfspeed's modules deliver three times more power cycling capability at operating temperature ...