Wolfspeed CEO Gregg Lowe Appointed to North Carolina Agricultural and Technical State University Board of Trustees

Rhea-AI Summary

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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• Strong partnership with N.C. A&T, $4 million donation commitment, collaboration on education and training programs, plans for new R&D facility on campus

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• None.

DURHAM, N.C.--(BUSINESS WIRE)-- Wolfspeed, Inc. (NYSE: WOLF), the global leader in silicon carbide technology, announced today that CEO Gregg Lowe has been elected to serve on North Carolina Agricultural and Technical State University’s (N.C. A&T) Board of Trustees. N.C. A&T is the nation’s No. 1-ranked historically black college or university (HBCU).

“North Carolina A&T is proud of our continued strong partnership with Wolfspeed and the appointment of CEO Gregg Lowe to our Board of Trustees,” said N.C. A&T Chancellor Harold L. Martin, Sr. “Gregg’s leadership and extensive science and technology background will serve as a vital resource for our prestigious university. I look forward to working with him as we provide new opportunities for our students to pursue the next generation of careers in the green economy, drive innovation and look to solve the problems of both today and tomorrow.”

“I am excited to join the North Carolina A&T Board of Trustees and to serve their students and community,” said Lowe. “Wolfspeed firmly believes in the power of students to change the world, and I’m eager to further strengthen our relationship while working together to usher in the next generation of scientists, technologists and innovators.”

Wolfspeed and N.C. A&T share a rich history of partnership and collaboration. In 2020, Wolfspeed committed $4 million over five years to the HBCU, the single largest donation in the university’s history at that time, to create the Wolfspeed Endowed Scholars Program. The two entities worked together to establish comprehensive education and training curricula and cutting-edge research and innovation programs. This partnership has opened opportunities for undergraduate and graduate credentials in silicon carbide semiconductor manufacturing, as well as training and career advancement programs for existing semiconductor manufacturing workers.

During President Biden’s visit to Wolfspeed headquarters earlier this year, Wolfspeed announced the continuation of this collaboration with their intent to apply for CHIPS and Science Act funding to build a new research and development facility on North Carolina A&T’s campus. The R&D facility will be focused on silicon carbide to support the next generation of advanced compound semiconductors.

About Wolfspeed, Inc.:

Wolfspeed (NYSE: WOLF) leads the market in the worldwide adoption of Silicon Carbide and GaN technologies. We provide industry-leading solutions for efficient energy consumption and a sustainable future. Wolfspeed’s product families include Silicon Carbide materials, power devices and RF devices targeted for various applications such as electric vehicles, fast charging, 5G, renewable energy and storage, and aerospace and defense. We unleash the power of possibilities through hard work, collaboration and a passion for innovation. Learn more at www.wolfspeed.com.

Wolfspeed® is a registered trademark of Wolfspeed, Inc.

Twitter: @Wolfspeed
LinkedIn: @Wolfspeed

View source version on businesswire.com: https://www.businesswire.com/news/home/20230721618955/en/

Wolfspeed Investor Relations Contact:

Tyler Gronbach

Vice President, External Affairs

919-407-4820

investorrelations@wolfspeed.com

Wolfspeed Media Contact:

Melinda Walker

Director, Corporate Communications

818-261-4585

media@wolfspeed.com

Source: Wolfspeed, Inc.

FAQ

What is the significance of CEO Gregg Lowe joining N.C. A&T's Board of Trustees for Wolfspeed, Inc. (NYSE: WOLF)?

Gregg Lowe's appointment strengthens the partnership between Wolfspeed and N.C. A&T, emphasizing the company's commitment to supporting the university's students and community.

What is the nature of the collaboration between Wolfspeed, Inc. (NYSE: WOLF) and N.C. A&T?

The collaboration includes a $4 million donation commitment, establishment of education and training programs, and plans for a new R&D facility focused on silicon carbide semiconductor manufacturing.

What was announced during President Biden's visit to Wolfspeed headquarters?

The continuation of the collaboration with N.C. A&T, including plans to apply for funding to build a new R&D facility on the university's campus.

How does the partnership with N.C. A&T benefit Wolfspeed, Inc. (NYSE: WOLF)?

The partnership provides opportunities for collaboration on cutting-edge research and innovation programs, as well as education and training programs for semiconductor manufacturing workers.

What is the focus of the new R&D facility planned by Wolfspeed, Inc. (NYSE: WOLF) on N.C. A&T's campus?

The R&D facility will be focused on silicon carbide to support the next generation of advanced compound semiconductors.