Articles from Wolfspeed, Inc.

Wolfspeed, Inc. (NYSEWOLF) today announced its results for the second quarter of fiscal 2025.

Wolfspeed, Inc. (NYSEWOLF), the global leader in silicon carbide technology, today introduced its new Gen 4 technology platform, which enables design rooted in durability and efficiency, all while reducing system cost and development time. Engineered to simplify switching behaviors and design challenges commonly experienced in high-power designs, Gen 4 charts a long-term roadmap across Wolfspeed’s product categories, including power modules, discrete components, and bare die products. These products are currently available in the 750V, 1200V and 2300V classes.

Wolfspeed, Inc. (NYSEWOLF), the global leader in silicon carbide technology, will conduct a conference call and audio webcast to discuss its second quarter results on Wednesday, January 29, 2024, at 5:00 pm Eastern Standard Time. The call will be hosted by Thomas Werner, executive chairman, and Neill Reynolds, chief financial officer.

Wolfspeed, Inc. (NYSEWOLF) announced today that it has completed the offering of shares of its common stock under its previously announced “at the market” offering program pursuant to a shelf registration statement filed with the U.S. Securities and Exchange Commission and a prospectus supplement, dated December 9, 2024.

Wolfspeed, Inc. (NYSEWOLF), the global leader in silicon carbide technology, today announced that Neill Reynolds, CFO, will be participating in a fireside chat at the UBS Global Technology and AI Conference at 4:15pm ET on December 3, 2024.

Wolfspeed (NYSEWOLF) today announced that Melissa Garrett has been appointed Senior Vice President and General Counsel, effective December 9, 2024. Garrett succeeds Brad Kohn, who has resigned from the company for another professional opportunity.

Wolfspeed (NYSEWOLF) today announced that its Board of Directors (the “Board”) has determined and agreed with Gregg Lowe that he will depart this month from his roles as Wolfspeed’s President and Chief Executive Officer and as a member of the Board. The Board is conducting a search to identify a permanent CEO with the support of a leading global executive search firm.

Wolfspeed, Inc. (NYSEWOLF) today announced its results for the first quarter of fiscal 2025.

Wolfspeed, Inc. (NYSEWOLF), the global leader in silicon carbide technology, will conduct a conference call and audio webcast to discuss its first quarter results on Wednesday, November 6, 2024, at 5:00 pm Eastern Daylight Time. The call will be hosted by Gregg Lowe, chief executive officer, and Neill Reynolds, chief financial officer.

Wolfspeed, Inc. (NYSEWOLF), the global leader in silicon carbide technology, announced today that Thomas Seifert and Woody Young have been nominated to Wolfspeed’s Board of Directors (the “Board”). Their nominations will be considered by shareholders at the 2024 Annual Meeting of Shareholders (the “2024 Annual Meeting”), scheduled for December 5, 2024.

Wolfspeed, Inc. (NYSEWOLF), the global leader in silicon carbide technology, today unveiled a silicon carbide module designed to transform the renewable energy, energy storage, and high-capacity fast-charging sectors through improved efficiency, durability, reliability, and scalability. The 2300V baseplate-less silicon carbide power modules for 1500V DC Bus applications were developed and launched utilizing Wolfspeed’s state-of-the-art 200mm silicon carbide wafers.

Wolfspeed, Inc. (NYSEWOLF), the global leader in silicon carbide technology, today announced that Gregg Lowe, CEO, and Neill Reynolds, CFO, will be participating in a fireside chat at Citi’s 2024 Global TMT Conference at 3:50pm ET on September 4, 2024.

Wolfspeed, Inc. (NYSEWOLF) today announced its results for the fourth quarter of fiscal 2024 and the full 2024 fiscal year.

Wolfspeed, Inc. (NYSEWOLF), the global leader in silicon carbide technology, will conduct a conference call and audio webcast to discuss its fourth quarter and full year fiscal 2024 results on Wednesday, August 21, 2024, at 5:00 pm Eastern Daylight Time. The call will be hosted by Gregg Lowe, chief executive officer, and Neill Reynolds, chief financial officer.

Wolfspeed, Inc. (NYSEWOLF), the global leader in silicon carbide technology, today provided an update on key milestones and an operational update.

Wolfspeed, Inc. (NYSEWOLF), the global leader in silicon carbide technology, today announced that members of its senior management team will present at the following investor conferences in May and June:

Wolfspeed, Inc. (NYSEWOLF) today announced its results for the third quarter of fiscal 2024.

Wolfspeed, Inc. (NYSEWOLF), 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, Inc. (NYSEWOLF), the global leader in silicon carbide technology, will conduct a conference call and audio webcast to discuss its fiscal third quarter 2024 results on Wednesday, May 1, 2024, at 5:00 pm Eastern Daylight Time. The call will be hosted by Gregg Lowe, chief executive officer, and Neill Reynolds, chief financial officer.

Today, Wolfspeed, Inc. (NYSEWOLF), the global leader in silicon carbide technology, hosted Senator Thom Tillis (R-NC) and other local officials, community partners, and employees at a ceremony to celebrate the topping out of construction at the $5 billion John Palmour Manufacturing Center for Silicon Carbide. Located in Chatham County, North Carolina, the JP will produce 200mm silicon carbide wafers, significantly expanding Wolfspeed’s materials capacity, and meet the demand for next generation semiconductors critical to the energy transition and AI.

Wolfspeed, Inc. (NYSEWOLF), the global leader in silicon carbide technology, today announced that Gregg Lowe, chief executive officer, and Neill Reynolds, chief financial officer, will be participating in a fireside chat at Morgan Stanley’s Technology, Media & Telecom Conference at 7:25pm ET on March 4, 2024.

Wolfspeed, Inc. (NYSEWOLF) today announced its results for the second quarter of fiscal 2024.

Wolfspeed, Inc. (NYSEWOLF), the global leader in silicon carbide technology, today announced the expansion of an existing long-term silicon carbide wafer supply agreement with a leading global semiconductor company. The expanded agreement, which is now worth approximately $275 million in total, calls for Wolfspeed to supply the company with 150mm silicon carbide bare and epitaxial wafers, reinforcing both companies’ visions for an industry-wide transition from silicon to silicon carbide semiconductor power devices.

Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY), a global semiconductor leader in power systems and IoT, and Wolfspeed, Inc. (NYSEWOLF), a global leader in silicon carbide technology, today announced the expansion and extension of their existing long-term 150mm silicon carbide wafer supply agreement, originally signed in February 2018. The extended partnership includes a multi-year capacity reservation agreement. It contributes to Infineon’s general supply chain stability, also with regard to the growing demand for silicon carbide semiconductor products for automotive, solar and EV applications and energy storage systems.

Wolfspeed, Inc. (NYSEWOLF), the global leader in silicon carbide technology, will conduct a conference call and audio webcast to discuss its fiscal second quarter 2024 results on Wednesday, January 31st, 2024, at 5:00 pm Eastern Time. The call will be hosted by Gregg Lowe, chief executive officer, and Neill Reynolds, chief financial officer.

Wolfspeed, Inc. (NYSEWOLF) today announced it completed the sale of its radio frequency business (“Wolfspeed RF”) to MACOM Technology Solutions Holdings, Inc. (Nasdaq: MTSI) effective December 2, 2023. Under the transaction terms, Wolfspeed received approximately $75 million in cash, subject to a customary purchase price adjustment, and 711,528 shares of MACOM common stock, which shares had a market value of approximately $60.8 million based on the closing price for MACOM’s common stock on December 1, 2023 as reported on the Nasdaq Global Select Market.

Wolfspeed, Inc. (NYSEWOLF), the global leader in silicon carbide technology, today announced that Neill Reynolds, chief financial officer, will be participating in fireside chats at two upcoming investor conferences in November:

Wolfspeed, Inc. (NYSEWOLF) today announced its results for the first quarter of fiscal 2024.

Wolfspeed, Inc. (NYSEWOLF), the global leader in silicon carbide technology, announced today that Thomas Werner, a board member since 2006, has been elected the new Chairman of the Board, effective immediately. Werner succeeds Darren Jackson, who stepped down as chair after five years in the role. Jackson will continue to serve as a member of the Wolfspeed Board. In addition, Board Member Stacy Smith will replace John Replogle as the Chair of the Governance and Nominations Committee.

Wolfspeed, Inc. (NYSEWOLF), the global leader in silicon carbide technology, will conduct a conference call and audio webcast to discuss its fiscal first quarter 2024 results on Monday, October 30th, 2023, at 5:00 pm Eastern Time.

Wolfspeed, Inc. (NYSEWOLF), the global leader in silicon carbide technology, today announced that Gregg Lowe, chief executive officer, will be participating in fireside chats at two upcoming investor conferences in September:

Wolfspeed, Inc. (NYSEWOLF) today announced that Wolfspeed has entered into a definitive agreement to sell its radio frequency business (Wolfspeed RF) to MACOM Technology Solutions Holdings, Inc. (Nasdaq: MTSI) for approximately $75 million in cash, subject to a customary purchase price adjustment, and 711,528 shares of MACOM common stock, valued at $50 million based on the 30 trading day average for MACOM’s common stock through August 21, 2023. The company expects to close the transaction by the end of this year.

Wolfspeed, Inc. (NYSEWOLF) today announced its results for the fourth quarter of fiscal 2023 and the full 2023 fiscal year.

Wolfspeed, Inc. (NYSEWOLF), the global leader in silicon carbide technology, will conduct a conference call and audio webcast to discuss its fourth quarter and full year fiscal 2023 results on Wednesday, August 16th, 2023, at 5:00 pm Eastern Time.

Wolfspeed, Inc. (NYSEWOLF), 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).

Today, Wolfspeed, Inc. (NYSEWOLF), the global leader in silicon carbide technology, is pleased to announce the promotion of Priya Almelkar to Senior Vice President, IT and Chief Information Officer. Almelkar succeeds David Costar and becomes the fifth female member of Wolfspeed’s esteemed senior leadership team.

Today, Wolfspeed, Inc. (NYSEWOLF), the global leader in silicon carbide technology, issued the following statement regarding the recent decision by the Chinese Ministry of Commerce to restrict the export of gallium and germanium which is scheduled to take effect on August 1, 2023. The statement can be attributed to Wolfspeed spokesperson Melinda Walker.

Wolfspeed, Inc. (NYSEWOLF), the global leader in silicon carbide technology, today announced a $1.25 billion secured note financing from an investment group led by Apollo NYSE: APONYSEAPO)

Wolfspeed, Inc. (NYSEWOLF), the global leader in Silicon Carbide technology and production, today announced members of its senior management team will present at the following investor conferences in May and June:

Wolfspeed, Inc. (NYSEWOLF) today announced its results for the third quarter of fiscal 2023.

Wolfspeed, Inc. (NYSEWOLF), the global leader in Silicon Carbide technology, will conduct a conference call and audio webcast to discuss its third quarter fiscal 2023 results on Wednesday, April 26th, 2023, at 5:00 pm Eastern Time.

Today, Wolfspeed, Inc. (NYSEWOLF), the global leader in Silicon Carbide technology, hosted the first stop of President Joe Biden’s ‘Invest in America’ tour at the company’s Durham, N.C. headquarters. The President highlighted initiatives designed to boost American manufacturing, rebuild the nation’s infrastructure and strengthen supply chains. U.S. Secretary of Commerce Gina Raimondo and North Carolina Governor Roy Cooper were also in attendance at the event.

Wolfspeed, Inc. (NYSEWOLF), the global leader in Silicon Carbide technology, and North Carolina Agricultural and Technical State University, America’s leading historically Black college or university, today announced their intent to apply for CHIPS and Science Act funding to build a new research and development facility on the North Carolina A&T campus. The R&D facility will be focused on Silicon Carbide to support the next generation of advanced compound semiconductors. Wolfspeed and A&T intend to submit the project for federal investment as part of the CHIPS and Science Act when the Notice of Funding Opportunity for R&D facilities is released this fall.

Wolfspeed, Inc. (NYSEWOLF), the global leader in Silicon Carbide technology and production, today announced its participation at the following investor conference:

Wolfspeed, Inc. (NYSEWOLF), the global leader in Silicon Carbide technology and production, today announced its participation at the following investor conference:

Wolfspeed, Inc. (NYSEWOLF), the global leader in Silicon Carbide technology, today announced the expansion of the company’s senior leadership team (SLT) with the promotion of four Global Operations leaders, as part of its accelerated growth and capacity expansion plan.

Wolfspeed, Inc. (NYSEWOLF), the global leader in Silicon Carbide technology and ZF, a global technology company enabling next generation mobility, today announced a strategic partnership that includes the creation of a joint innovation lab to drive advances in Silicon Carbide systems and devices for mobility, industrial and energy applications. The partnership also includes a significant investment by ZF to support the planned construction of the world’s most advanced and largest 200mm Silicon Carbide device fab in Ensdorf, Germany. Both the joint innovation lab and the Wolfspeed device fab are planned as part of the Important Project of Common European Interest (IPCEI) for Microelectronics and Communication Technologies framework, and are dependent upon state aid approval from the European Commission.

Wolfspeed, Inc. (NYSEWOLF), the global leader in Silicon Carbide technology and production, today announced plans to build a highly-automated, cutting-edge 200mm wafer fabrication facility in Saarland, Germany. The company’s first fab in Europe will be its most advanced, creating a breakthrough innovation Silicon Carbide development and production facility in the European Union to support growing demand for a wide variety of automotive, industrial and energy applications. The Wolfspeed facility is planned as part of a collaboration within the IPCEI for Microelectronics and Communication Technologies framework, and is dependent upon state aid approval from the European Commission. IPCEI funding is intended to support technology development and initial deployment within this project. ZF Friedrichshafen also intends to support the new construction by making a sizable financial investment as part of a new strategic partnership announced separately.

Wolfspeed, Inc. (NYSEWOLF) today announced its results for the second quarter of fiscal 2023.

Wolfspeed, Inc. (NYSEWOLF), the global leader in Silicon Carbide technology, announced today that Stacy Smith has been appointed to the Company’s Board of Directors, effective January 23, 2023. Mr. Smith is the Executive Chairman of Kioxia Corporation (formerly Toshiba Memory Corporation), a leading flash memory company, and Non-Executive Chair of the Board at Autodesk, Inc., a global leader in design and make technology.

Wolfspeed, Inc. (NYSEWOLF), the global leader in Silicon Carbide technology, will conduct a conference call and audio webcast to discuss its second quarter fiscal 2023 results and business outlook on January 25, 2023, at 5:00 p.m. Eastern Time.

Wolfspeed, Inc. (NYSEWOLF), the global leader in Silicon Carbide technology, today announced the promotion of Elif Balkas to Chief Technology Officer, succeeding the late Dr. John Palmour, a co-founder of Wolfspeed.

Wolfspeed, Inc. (NYSEWOLF) today announced the company will be supplying Silicon Carbide devices to power future Mercedes-Benz® Electric Vehicle (EV) platforms, enabling greater efficiency in the powertrain. Wolfspeed’s semiconductors will be incorporated into next generation powertrain systems for several Mercedes-Benz vehicle lines.

Wolfspeed, Inc. (NYSEWOLF), the global leader in Silicon Carbide technology and production, today announced that members of its senior management team will present at the following investor conference:

Wolfspeed, Inc. (NYSEWOLF), the global leader in Silicon Carbide technology, today announced the expansion of an existing multi-year, long-term Silicon Carbide wafer supply agreement, now worth approximately $225 million, with a leading power device company. The expanded agreement calls for Wolfspeed to supply the company with 150 mm Silicon Carbide bare and epitaxial wafers, reinforcing the company’s vision for an industry-wide transition from silicon to Silicon Carbide semiconductor power devices.

Wolfspeed, Inc. (NYSEWOLF), the global leader in Silicon Carbide technology, today announced its sponsorship of the FIRST® Robotics Competition, a hands-on STEM (Science, Technology, Engineering, and Math) program that combines the excitement of athletics with the rigors of science and technology for high school students. This sponsorship builds upon the company’s relationship with FIRST Robotics Competition, with Wolfspeed first announcing a $25,000 donation in November 2019 to the SUNY Poly Foundation to provide support for SUNY Polytechnic Institute FIRST® (For the Inspiration and Recognition of Science and Technology) teams and the Muccbots, a team in Utica, New York.

Wolfspeed, Inc. (NYSEWOLF), the global leader in Silicon Carbide technology and production, today announced its participation at the following investor conference:

Wolfspeed, Inc. (NYSEWOLF), the global leader in Silicon Carbide technology and production, today announced that members of its senior management team will present at the following investor conferences in November and December:

Wolfspeed, Inc. (NYSEWOLF) (“Wolfspeed”) today announced the pricing of $1,525.0 million aggregate principal amount of its 1.875% Convertible Senior Notes due 2029 (the “Notes”) in a private offering (the “Offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The offering size was increased from the previously announced offering size of $1,300.0 million aggregate principal amount of notes. In addition, Wolfspeed has granted the initial purchasers of the Notes an option to purchase, for settlement within a 13-day period from, and including, the date on which the Notes are first issued, up to an additional $225.0 million aggregate principal amount of the Notes.

Wolfspeed, Inc. (NYSEWOLF) (“Wolfspeed”) today announced that it intends to offer, subject to market conditions and other factors, $1,300 million aggregate principal amount of its Convertible Senior Notes due 2029 (the “Notes”) in a private offering (the “Offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). In addition, Wolfspeed expects to grant the initial purchasers of the Notes an option to purchase, for settlement within a 13-day period from, and including, the date on which the Notes are first issued, up to an additional $200 million aggregate principal amount of the Notes.

AMP, a global leader in connected battery management and charging technologies for electric mobility, today announced the integration of Wolfspeed’s E-Series Silicon Carbide MOSFETs into AMP’s e-mobility Energy Management Unit. Using Wolfspeed’s innovative Silicon Carbide technology allows AMP to optimize battery performance, charging, and costs.

Jaguar Land Rover and Wolfspeed, Inc. have today announced a strategic partnership to supply Silicon Carbide semiconductors for next generation electric vehicles, delivering increased powertrain efficiency and extended driving range.

Wolfspeed, Inc. (NYSEWOLF) today announced its results for the first quarter of fiscal 2023.

Wolfspeed, Inc. (NYSEWOLF), the global leader in Silicon Carbide technology, will conduct a conference call and audio webcast to discuss its first quarter fiscal 2023 results on Wednesday, October 26th, 2022, at 5:00 pm Eastern Time.

Wolfspeed, Inc. (NYSEWOLF), the global leader in Silicon Carbide technology, today announced it will build a new, state-of-the-art, multi-billion-dollar Materials manufacturing facility in Chatham County, North Carolina. The investment is targeted to generate a more than 10 fold increase from Wolfspeed’s current Silicon Carbide production capacity on its Durham campus, supporting the company’s long-term growth strategy, accelerating the adoption of Silicon Carbide semiconductors across a wide array of end-markets and unlocking a new era of energy efficiency.

Wolfspeed, Inc. (NYSEWOLF) today announced its results for the fourth quarter and full year of fiscal 2022.

Wolfspeed, Inc. (NYSEWOLF), the global leader in Silicon Carbide technology, will conduct a conference call and audio webcast to discuss its fourth quarter and full year fiscal 2022 results and first quarter fiscal 2023 business outlook on August 17, 2022, at 5:00 p.m. Eastern Time.

Wolfspeed, Inc. (NYSEWOLF), the global leader in Silicon Carbide technology and production, today announced that members of its senior management team will present at the following investor conferences in August and September:

Wolfspeed, Inc. (NYSEWOLF), the global leader in Silicon Carbide technology, today announced the promotion of Rick Madormo to Senior Vice President of Sales and Marketing, succeeding Thomas Wessel, who plans to retire at the end of June. In anticipation of Madormo’s promotion, Wolfspeed has hired Owen DeLeon as the company’s new Vice President of Sales for the Americas.

Wolfspeed, Inc. (NYSEWOLF), the global leader in Silicon Carbide technology and production, today announced that members of its senior management team will present at the following investor conferences in May and June:

Rhombus Energy Solutions, a leader in electric vehicle (EV) charging and power conversion technology, today announced that Wolfspeed, Inc., (NYSEWOLF), the global leader in Silicon Carbide technology, will supply its EV2flex™ line of charging infrastructure products with Silicon Carbide MOSFETs, which will offer the products greater efficiency, higher power density and faster charging times.

Wolfspeed, Inc. (NYSEWOLF), formerly known as Cree, Inc., today announced revenue of $188.0 million for its third quarter of fiscal 2022, ended March 27, 2022. This represents a 37% increase compared to revenue from continuing operations of $137.3 million reported for the third quarter of fiscal 2021, and a 9% increase compared to the second quarter of fiscal 2022. GAAP net loss from continuing operations was $66.5 million for the third quarter of fiscal 2022 and the third quarter of fiscal 2021. GAAP net loss per diluted share from continuing operations was $0.54 and $0.59 for the third quarter of fiscal 2022 and the third quarter of fiscal 2021, respectively. On a non-GAAP basis, net loss from continuing operations for the third quarter of fiscal 2022 was $14.3 million, or $0.12 per diluted share, compared to non-GAAP net loss from continuing operations for the third quarter of fiscal 2021 of $24.7 million, or $0.22 per diluted share.

Wolfspeed, Inc. (NYSEWOLF), the global leader in Silicon Carbide technology and production, today officially opened its state-of-the-art, Mohawk Valley Silicon Carbide fabrication facility in Marcy, N.Y. with a ribbon cutting ceremony featuring Federal and State Officials. The 200mm wafer fab will help lead the industry-wide transition from silicon to Silicon Carbide-based semiconductors.

Wolfspeed (NYSEWOLF), the global leader in Silicon Carbide technology, today announced that Lucid Motors deploys its Silicon Carbide power device solutions in the automaker’s high-performance, pure-electric car – the Lucid Air. Wolfspeed and Lucid have a multiyear agreement for Wolfspeed to produce and supply Silicon Carbide devices.

Wolfspeed, Inc. (NYSEWOLF), the global leader in Silicon Carbide technology, today announced that Jeff Ferraro has joined the company as Vice President of Enterprise Supply Chain and Procurement, effective March 14. Mr. Ferraro joins Wolfspeed from Texas Instruments and has more than 20 years of experience in the semiconductor industry, including supply chain and financial management. Based out of Durham, North Carolina, Mr. Ferraro will report directly to Rex Felton, SVP of Global Operations.