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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
Infineon Technologies AG and Wolfspeed, Inc. have extended their long-term silicon carbide wafer supply agreement, including a multi-year capacity reservation agreement. This expansion contributes to Infineon's supply chain stability amid growing demand for silicon carbide semiconductor products in automotive, solar, EV applications, and energy storage systems. The adoption of silicon carbide-based power solutions is rapidly growing across multiple markets, enabling smaller, lighter, and more cost-effective designs, converting energy more efficiently to unlock new clean energy applications. Wolfspeed is positioned as the world's leader in silicon carbide production, with industry estimates indicating substantial growth in demand for silicon carbide devices and supporting material through 2030, representing a $20 billion annual opportunity.
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Wolfspeed, Inc. (WOLF) will hold a conference call to discuss its fiscal second quarter 2024 results on January 31st, 2024. The call will be hosted by CEO Gregg Lowe and CFO Neill Reynolds. A live webcast will be available on Wolfspeed's Investor Relations website.
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Wolfspeed, Inc. (NYSE: WOLF) completed the sale of its radio frequency business to MACOM Technology Solutions Holdings, Inc. for approximately $75 million in cash and 711,528 shares of MACOM common stock. The sale marks the company's transformation into the only pure-play silicon carbide semiconductor manufacturer in the industry, allowing it to focus on innovation and capacity for its materials and power device businesses. Wolfspeed continues to drive the industry transition to silicon carbide with ongoing capacity expansion, including the final build-out of the Mohawk Valley Fab in New York and construction of the John Palmour Manufacturing Center in North Carolina.
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Wolfspeed, Inc. (WOLF) CFO Neill Reynolds to participate in fireside chats at Wells Fargo 7th Annual TMT Summit and UBS Global Technology Conference in November.
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Wolfspeed, Inc. (NYSE: WOLF) reported a 4% year-over-year quarterly revenue growth, reaching $197.4 million in the first quarter of fiscal 2024. The Mohawk Valley Fab contributed $4.0 million in revenue. The company achieved record design-wins of over $1 billion and device design-ins of $2.2 billion. GAAP gross margin was 12.5% and non-GAAP gross margin was 15.6%. Wolfspeed expects to meet its 20% utilization goal at the Mohawk Valley Fab in Q4 of fiscal 2024.
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Wolfspeed announces Thomas Werner as the new Chairman of the Board. Werner brings vast experience in the energy and semiconductor industries.
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Wolfspeed to discuss fiscal Q1 2024 results in conference call
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Wolfspeed CEO to participate in investor conferences in September
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MACOM Technology Solutions Holdings, Inc. is set to acquire the RF Business of Wolfspeed, Inc. for $125 million, including $75 million cash paid at closing and $50 million of MACOM common stock issued with certain restrictions. The acquisition is expected to be immediately accretive to MACOM's non-GAAP earnings. The RF Business generated annualized revenues of approximately $150 million and serves leading aerospace, defense, industrial, and telecommunications customers. The acquisition includes a GaN wafer fabrication facility, design teams, product development assets, and intellectual property portfolio. Approximately 280 employees are expected to join MACOM at closing. The transaction is subject to closing conditions and is expected to occur in the second half of calendar year 2023.
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Wolfspeed to sell its radio frequency business to MACOM Technology Solutions for $75 million in cash and 711,528 shares of MACOM common stock. Wolfspeed will focus on U.S. capacity expansion for silicon carbide power device and materials businesses.
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FAQ

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

The current stock price of Wolfspeed (WOLF) is $2.64 as of April 4, 2025.

What is the market cap of Wolfspeed (WOLF)?

The market cap of Wolfspeed (WOLF) is approximately 399.0M.

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

399.04M
154.07M
0.88%
94.45%
27.25%
Semiconductors
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