DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), a global leader in silicon carbide technology, today announced a significant industry milestone with the successful production of a single crystal 300mm (12-inch) silicon carbide wafer. Backed by one of the industry's largest and foundational silicon carbide IP portfolios, comprising more than 2,300 issued and pending patents worldwid...
Wolfspeed has emerged from its corporate restructuring and bankruptcy. The restructured company has far less debt, but still faces some big challenges.
Chewy may not be a high-growth machine, but it's an incredibly steady grower. Silicon carbide specialist Wolfspeed is fiscally regrouped and ready to fully capitalize on its opportunity.
Wolfspeed is well-positioned to capitalize on the EV boom, leveraging its 200mm silicon carbide ramp and strong Toyota partnership. With $1.5 billion in liquidity, including a $698.6 million IRS tax refund, WOLF can accelerate Mohawk Valley Fab production and support future growth. Despite recent revenue declines and deep net losses, WOLF is projected to rebound, with FY2026 revenue estimates a...
Both Wolfspeed and Plug Power have struggled with negative gross margins. Wolfspeed emerged from bankruptcy with a better balance sheet and the goal of fixing its manufacturing yield issues.
A $10,000 investment in Wolfspeed made at the end of November 2022 would be worth just $2,071 today. Cash burn remained a major issue even as Wolfspeed moved closer to breakeven earnings.
DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed Inc. (NYSE: WOLF), a global leader in innovative silicon carbide power solutions, today announced that its automotive MOSFETs will power onboard charger systems for Toyota, one of the most respected and quality-driven automakers in the world. Wolfspeed's silicon carbide components will be integrated into Toyota's Battery Electric Vehicles (BEV). This sil...
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.
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