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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.

Wolfspeed, Inc. (NYSE: WOLF) is a pioneering company in the semiconductor industry, specializing in wide bandgap materials. Originating from North Carolina's Research Triangle Park, Wolfspeed has grown to become a global leader in silicon carbide (SiC) and gallium nitride (GaN) technologies.

Wolfspeed focuses on producing advanced semiconductor components for a variety of applications, including transportation, power supplies, inverters, and wireless systems. The company's products are known for their efficiency and high performance, contributing to smaller system sizes and reduced costs across industries. These qualities have made Wolfspeed's components essential in sectors such as electronics, energy, and communications.

In recent news, Wolfspeed has launched a New York Registered Apprenticeship Program (RAP) in collaboration with the National Institute for Innovation and Technology and the U.S. Department of Labor. This initiative is part of the Institute's Growing Apprenticeships in Nanotechnology and Semiconductor (GAINS) program. The apprenticeship aims to develop a skilled workforce for the semiconductor and advanced manufacturing industries.

Wolfspeed's RAP offers on-the-job training and college instruction to apprentices, preparing them for roles such as Equipment Technicians and Industrial Manufacturing Technicians. This program underscores Wolfspeed's commitment to workforce development and capacity expansion at their Mohawk Valley Fab.

Geographically, Wolfspeed derives a significant portion of its revenue from Europe but also maintains a presence in the United States, China, Japan, South Korea, and other regions. The company continues to innovate and expand, driven by a passion for creating efficient and sustainable solutions. For more information, visit www.wolfspeed.com.

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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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Wolfspeed, Inc. announces annual revenue growth of 24% and full fiscal year design-ins totaling $8.3 billion. Quarterly revenue of $235.8 million, with a net loss of $113.3 million. Full fiscal year revenue of $921.9 million, with a net loss of $329.9 million. The company targets revenue of $220 million to $240 million for the first quarter of fiscal 2024.
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Wolfspeed, Inc. (NYSE: WOLF) to Discuss Q4 and Full Year Fiscal 2023 Results in Conference Call and Webcast
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Axcelis Technologies, Inc. has announced the shipment of a Purion H200™ SiC ion implant system to Wolfspeed, a global leader in silicon carbide technology. The system will be used to support the production of power devices for electric vehicle applications.
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Wolfspeed, Inc. (NYSE: WOLF) CEO Gregg Lowe joins N.C. A&T Board of Trustees, strengthening partnership. $4 million donation, collaboration on education and training programs, and plans for new R&D facility announced during President Biden's visit.
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Wolfspeed, Inc. (NYSE: WOLF) promotes Priya Almelkar to Senior Vice President, IT and Chief Information Officer, recognizing her exceptional technical expertise and leadership skills. Her promotion reinforces the company's belief in diverse perspectives driving innovation and success. Almelkar's 25 years of experience and her role in driving Wolfspeed's transition to automation and enhanced analytics capabilities position her to spearhead advancements in IT process efficiency and compliance.
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FAQ

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

The current stock price of Wolfspeed (WOLF) is $7.04 as of December 20, 2024.

What is the market cap of Wolfspeed (WOLF)?

The market cap of Wolfspeed (WOLF) is approximately 892.7M.

What does Wolfspeed, Inc. specialize in?

Wolfspeed specializes in the production of silicon carbide and gallium nitride semiconductor components for various applications.

What industries does Wolfspeed serve?

Wolfspeed serves industries such as transportation, power supplies, inverters, and wireless systems.

What is Wolfspeed's New York Registered Apprenticeship Program (RAP)?

Wolfspeed's RAP is a training program in collaboration with the National Institute for Innovation and Technology and the U.S. Department of Labor aimed at developing skilled workers for the semiconductor industry.

Where does Wolfspeed generate most of its revenue?

Wolfspeed derives the majority of its revenue from Europe and also has a significant presence in the United States, China, Japan, South Korea, and other countries.

What are the key applications of Wolfspeed's semiconductor products?

Wolfspeed's semiconductors are used in electric vehicles, fast charging stations, renewable energy systems, and wireless communication systems.

How long has Wolfspeed been in operation?

Wolfspeed, formerly a part of Cree Inc., has been operating for nearly 30 years.

What materials does Wolfspeed use in its semiconductor products?

Wolfspeed primarily utilizes silicon carbide (SiC) and gallium nitride (GaN) in its semiconductor products.

What is Wolfspeed's approach to workforce development?

Wolfspeed focuses on workforce development through apprenticeship programs and collaborations with educational institutions to train future industry professionals.

Where can I find more information about Wolfspeed?

More information about Wolfspeed can be found on their official website: www.wolfspeed.com.

What is the GAINS program related to Wolfspeed?

The GAINS (Growing Apprenticeships in Nanotechnology and Semiconductor) program facilitates Wolfspeed's apprenticeship program aimed at developing a skilled workforce for the semiconductor industry.

Wolfspeed, Inc.

NYSE:WOLF

WOLF Rankings

WOLF Stock Data

892.72M
126.34M
0.95%
120.63%
29.18%
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