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Wolfspeed Inc - WOLF STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Wolfspeed's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Wolfspeed's position in the market.

Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.13%
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none
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.41%
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none
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.26%
Tags
conferences
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-13.61%
Tags
earnings
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.12%
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none
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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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.61%
Tags
none
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.54%
Tags
none
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.54%
Tags
earnings
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.36%
Tags
none
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.94%
Tags
none
Wolfspeed Inc

NYSE:WOLF

WOLF Rankings

WOLF Stock Data

3.71B
124.74M
0.92%
113.7%
15.61%
Semiconductor and Related Device Manufacturing
Manufacturing
Link
US
Durham

About WOLF

we are wolfspeed. we have spent nearly 30 years as part of cree inc., building the future with market-leading wide bandgap semiconductor products for the transportation, industrial and electronics, energy and communications markets. from young and ambitious roots in north carolina’s research triangle park, we have grown into a world-renowned, commercial supplier of the fastest, most efficient semiconductor components ever available, enabling greater efficiency and performance, smaller systems and lower costs.