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Wolfspeed Inc - WOLF STOCK NEWS

Welcome to our dedicated page for Wolfspeed news (Ticker: WOLF), a resource for investors and traders seeking the latest updates and insights on Wolfspeed stock.

Overview

Wolfspeed Inc is renowned for its groundbreaking work in the field of wide bandgap semiconductors, employing advanced silicon carbide and gallium nitride technologies. For nearly three decades, the company has been instrumental in crafting semiconductor solutions that drive efficiency in power and RF applications across transportation, industrial electronics, energy, and communications markets. With its origins in North Carolina’s Research Triangle Park and a legacy with Cree Inc., Wolfspeed has evolved into a commercial powerhouse that delivers high-performance, efficient semiconductor components designed to reduce system sizes and lower overall costs.

Core Business and Technology

Wolfspeed Inc specializes in the manufacturing of high-performance semiconductor devices rooted in wide bandgap technology. The company focuses on two primary materials: silicon carbide and gallium nitride. These materials are crucial for power electronics and radio-frequency applications, offering superior performance compared to conventional semiconductor materials. By leveraging these advanced materials, Wolfspeed addresses critical market demands for efficient energy conversion, robust power management, and high-frequency communications.

Market Applications

The versatile semiconductor products offered by Wolfspeed serve a wide array of applications. In the transportation sector, their components enhance the efficiency and reliability of electric vehicles and public transit systems. In industrial settings, these semiconductors improve power supplies and inverters, ensuring smoother and more energy-efficient industrial operations. Wolfspeed’s solutions are also pivotal in the energy market, where they are used in renewable energy systems and power grid technologies, as well as in the telecommunications sector for improving wireless systems performance.

Competitive Landscape and Differentiation

Within the competitive semiconductor landscape, Wolfspeed distinguishes itself through its commitment to innovation and quality. Its products are engineered to deliver higher efficiency and performance which is essential for applications requiring improved power densities and reduced energy loss. This technical proficiency, combined with decades of developmental legacy, has enabled Wolfspeed to secure a significant market position. The company’s expertise in advanced semiconductor manufacturing and its ability to deploy reliable, energy-efficient solutions are key factors that set it apart from competitors in the market.

Business Model and Revenue Generation

The company generates revenue primarily through the design, manufacture, and sale of semiconductor components that cater to multiple high-growth markets. Wolfspeed’s business model revolves around steady innovation, robust quality control, and close collaborations with various industry sectors ranging from transportation to industrial energy systems. This diversified approach not only mitigates market risks but also positions the company as a significant contributor to technological advancements in the semiconductor industry.

Industry Impact and Broader Significance

Wolfspeed Inc is a critical player in enabling improvements in energy efficiency and system performance across many industries. The integration of wide bandgap semiconductor technology is instrumental in meeting the growing demands for reduced energy consumption and enhanced performance in modern electronic applications. The company's solutions are foundational in constructing more sustainable and technologically advanced infrastructure, reflecting its deep industry expertise and significant role in shaping the future of power management and communication systems.

Conclusion

By maintaining a focus on high-quality semiconductor manufacturing and continuous technological innovation, Wolfspeed Inc has established itself as an essential entity within a complex and competitive industry. Its commitment to delivering high-performance, energy-efficient solutions has not only redefined standards for power and RF applications but also contributed broadly to advancements across key sectors such as transportation, industrial electronics, energy, and communications. This comprehensive approach, backed by decades of experience, positions Wolfspeed as a crucial module within the evolving landscape of modern semiconductor technology.

Rhea-AI Summary

Wolfspeed, a leader in silicon carbide technology, has announced participation in two key investor conferences in May and June 2024. CEO Gregg Lowe and CFO Neill Reynolds will present at the 52nd Annual J.P. Morgan Global Technology, Media and Communications Conference on May 20, 2024, at 1:10pm ET. CFO Neill Reynolds will also speak at the 44th Annual William Blair Growth Stock Conference on June 5, 2024, at 2:20pm ET. Both presentations will be webcast live on Wolfspeed’s Investor Relations website.

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Wolfspeed, Inc. (NYSE: WOLF) reported its financial results for the third quarter of fiscal year 2024, highlighting a consolidated revenue of approximately $201 million, a significant increase in revenue from Mohawk Valley Fab, and materials revenue reaching the second-highest quarter on record. The company also secured design-ins worth $2.8 billion and quarterly design-wins of $0.9 billion, with 70% related to EV applications. However, GAAP gross margin decreased to 11% compared to 31% in the prior year. The CEO expressed confidence in achieving operational targets and highlighted progress in facility construction. Wolfspeed anticipates a revenue target of $185 million to $215 million for the fourth quarter of fiscal 2024.

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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.
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Wolfspeed, Inc. (NYSE: WOLF) will hold a conference call on May 1, 2024, to discuss its fiscal third quarter 2024 results. The call will be led by CEO Gregg Lowe and CFO Neill Reynolds. The webcast will be available on Wolfspeed's Investor Relations website.
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Credo Technology Group Holding announces the appointment of industry veteran Clyde Hosein to the board of directors. The company focuses on secure, high-speed connectivity solutions for data infrastructure markets, emphasizing power efficiency. Clyde Hosein's financial expertise is expected to drive strategic growth and financial stewardship.
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Wolfspeed, Inc. celebrates the topping out of the $5 billion John Palmour Manufacturing Center for Silicon Carbide in North Carolina. The center will produce 200mm silicon carbide wafers, expanding materials capacity and meeting the demand for next-gen semiconductors. The investment aims to grow the state's economy by $17.5 billion and create 1,800 jobs by 2030.
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Wolfspeed signs its first apprentice for the Registered Apprenticeship Program in Mohawk Valley Fab, supported by the National Institute for Innovation and Technology and the USDOL. The program aims to develop semiconductor talent and expand opportunities in the industry.
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Wolfspeed, Inc. (NYSE: WOLF) will have its CEO and CFO participate in a fireside chat at Morgan Stanley's conference. The live webcast will be available on the company's website.
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Wolfspeed, Inc. (NYSE: WOLF) reported a 20% year-over-year revenue growth, with quarterly revenue reaching $208.4 million, and a tripled revenue from Mohawk Valley Fab. The company also achieved record design-wins totaling $2.9 billion, with over 75% related to automotive applications. However, there was a decrease in gross margin, and the company incurred significant underutilization costs of $35.6 million in the second quarter of fiscal 2024.
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Wolfspeed, Inc. (NYSE: WOLF) has announced an expanded supply agreement with a leading global semiconductor company, now worth approximately $275 million. The agreement calls for Wolfspeed to supply 150mm silicon carbide bare and epitaxial wafers, reinforcing the industry-wide transition from silicon to silicon carbide semiconductor power devices. The adoption of silicon carbide-based power solutions is rapidly growing across multiple markets, including industrial and EVs. The agreement will enable silicon carbide applications in renewable energy, electric vehicles, charging infrastructure, industrial power supplies, traction, and variable speed drives. Wolfspeed is the global leader in the manufacturing of silicon carbide wafers and epitaxial wafers, expanding its manufacturing capacity in the United States and opening a new, automated materials factory in Siler City, North Carolina later this year.
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FAQ

What is the current stock price of Wolfspeed (WOLF)?

The current stock price of Wolfspeed (WOLF) is $2.82 as of April 1, 2025.

What is the market cap of Wolfspeed (WOLF)?

The market cap of Wolfspeed (WOLF) is approximately 446.5M.

What is Wolfspeed Inc's primary focus?

Wolfspeed Inc focuses on manufacturing wide bandgap semiconductors, specifically using silicon carbide and gallium nitride for power and RF applications.

How do Wolfspeed's products improve system efficiency?

Their advanced semiconductor components enable higher energy conversion efficiency, reduced system sizes, and lower overall costs, especially in power electronics and communications.

What industries benefit from Wolfspeed's technology?

Industries such as transportation, industrial electronics, energy, and telecommunications benefit significantly from Wolfspeed's high-performance semiconductor solutions.

How does Wolfspeed generate its revenue?

The company generates revenue through the design, manufacturing, and sale of semiconductor components used in various power and RF applications across different sectors.

What makes wide bandgap semiconductors different from conventional ones?

Wide bandgap semiconductors, like those developed by Wolfspeed, offer superior performance in high power and high-frequency applications compared to traditional semiconductor materials.

How does Wolfspeed differentiate itself from its competitors?

Wolfspeed differentiates itself by leveraging decades of research and experience to produce efficient, high-performance semiconductor devices that meet the demanding needs of modern electronic systems.

What role did Cree Inc. play in Wolfspeed's development?

Wolfspeed evolved out of Cree Inc., using nearly 30 years of industry experience and developmental expertise to build a solid foundation in wide bandgap semiconductor technology.

Which applications utilize Wolfspeed's semiconductor products?

Their products are widely used in applications such as electric vehicles, industrial power supplies, renewable energy systems, and wireless communication networks, among others.
Wolfspeed Inc

NYSE:WOLF

WOLF Rankings

WOLF Stock Data

446.49M
154.09M
0.88%
94.45%
27.25%
Semiconductors
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