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Wolfspeed Comments on Letter from JANA Partners

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Wolfspeed, a leading silicon carbide technology company, responds to a letter from JANA Partners by expressing commitment to shareholder input, value creation, and long-term interests. The company plans to review the letter and engage with JANA in the coming days.
Wolfspeed, una società leader nella tecnologia del carburo di silicio, risponde a una lettera di JANA Partners esprimendo impegno verso il contributo degli azionisti, la creazione di valore e gli interessi a lungo termine. La società prevede di esaminare la lettera e di interagire con JANA nei prossimi giorni.
Wolfspeed, una compañía líder en tecnología de carburo de silicio, responde a una carta de JANA Partners expresando su compromiso con la participación de los accionistas, la creación de valor y los intereses a largo plazo. La empresa planea revisar la carta y dialogar con JANA en los próximos días.
실리콘 카바이드 기술 분야의 선도 기업인 Wolfspeed는 JANA Partners의 서한에 대해 주주 참여, 가치 창출 및 장기적 이익에 대한 헌신을 표명하며 응답한다. 회사는 서한을 검토하고 향후 며칠간 JANA와 상호 작용할 계획이다.
Wolfspeed, entreprise leader dans la technologie du carbure de silicium, répond à une lettre de JANA Partners en exprimant son engagement envers la participation des actionnaires, la création de valeur et les intérêts à long terme. L'entreprise prévoit de revoir la lettre et de s'engager avec JANA dans les jours à venir.
Wolfspeed, ein führendes Unternehmen in der Siliziumkarbid-Technologie, antwortet auf ein Schreiben von JANA Partners und bekundet sein Engagement für die Einbindung der Aktionäre, die Wertschöpfung und langfristige Interessen. Das Unternehmen plant, das Schreiben zu überprüfen und in den kommenden Tagen mit JANA in Kontakt zu treten.
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DURHAM, N.C.--(BUSINESS WIRE)-- Wolfspeed, Inc. (NYSE: WOLF), the global leader in silicon carbide technology, today issued the following statement in response to the letter from JANA Partners (“JANA”) to Wolfspeed’s Board of Directors:

Wolfspeed’s Board of Directors and management team maintain an open dialogue with, and value constructive input from, our shareholders. The company continually evaluates options to enhance long-term value and is committed to acting in the best interests of all our shareholders. The Wolfspeed Board will carefully review JANA’s letter, and we look forward to engaging with them in the near future.

About Wolfspeed

Wolfspeed (NYSE: WOLF) leads the market in the worldwide adoption of silicon carbide technologies. We provide industry-leading solutions for efficient energy consumption and a sustainable future. Wolfspeed’s product families include silicon carbide material and power devices targeted for various applications such as electric vehicles, fast charging, and renewable energy and storage. We unleash the power of possibilities through hard work, collaboration and a passion for innovation. Learn more at www.wolfspeed.com.

X (formerly Twitter): @Wolfspeed
LinkedIn: @Wolfspeed
Wolfspeed® is a registered trademark of Wolfspeed, Inc.

Media Relations:

John Christiansen / Jamie Baird / William Tsao-Wu

FGS Global

wolfspeed@fgsglobal.com

Investor Relations:

Tyler Gronbach

VP, Investor Relations

919-407-4820

investorrelations@wolfspeed.com

Source: Wolfspeed, Inc.

FAQ

What is the ticker symbol of Wolfspeed?

The ticker symbol of Wolfspeed is WOLF.

Who issued a letter to Wolfspeed's Board of Directors?

JANA Partners issued a letter to Wolfspeed's Board of Directors.

What is the response of Wolfspeed to the letter from JANA Partners?

Wolfspeed expressed commitment to shareholder input, value creation, and long-term interests. The company plans to review the letter and engage with JANA in the near future.

Wolfspeed, Inc.

NYSE:WOLF

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About WOLF

we are wolfspeed. we have spent nearly 30 years as part of cree inc., building the future with market-leading wide bandgap semiconductor products for the transportation, industrial and electronics, energy and communications markets. from young and ambitious roots in north carolina’s research triangle park, we have grown into a world-renowned, commercial supplier of the fastest, most efficient semiconductor components ever available, enabling greater efficiency and performance, smaller systems and lower costs.