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. (WOLF) generates frequent news as a semiconductor company focused on silicon carbide and gallium nitride materials and devices. Its announcements cover technology milestones, product introductions, customer collaborations, financial developments and corporate governance changes that are relevant to investors and industry observers.
Recent press releases describe Wolfspeed’s work on wide bandgap semiconductors for power and RF applications, including transportation, power supplies, inverters and wireless systems. The company has reported a technology breakthrough in producing a single crystal 300 mm silicon carbide wafer, which it presents as an important step for AI infrastructure, AR/VR platforms and advanced power devices. News items also highlight Wolfspeed’s 200 mm silicon carbide manufacturing footprint and its efforts to build a vertically integrated, U.S.-based supply chain for silicon carbide materials and power devices.
Wolfspeed’s news flow also includes product-focused updates, such as new 1200 V silicon carbide six-pack power modules for high-power inverters and a 2.3 kV LM Pack Module for wind power converters. The company has announced that its silicon carbide components will be used in onboard charger systems for battery electric vehicles from major automotive manufacturers and in wind power converters from renewable energy technology providers.
In addition, Wolfspeed issues news about its financial and capital structure, including cash tax refunds related to the Advanced Manufacturing Investment Credit, its emergence from Chapter 11 reorganization, and changes to its board and executive leadership. Readers of WOLF news can track how Wolfspeed communicates its strategy in markets such as AI data centers, electric vehicles, industrial and energy systems, aerospace and defense and renewable energy. This news page aggregates those updates so that users can review company announcements and related coverage in one place.
Wolfspeed, Inc. (NYSE: WOLF) and the Biophysical Economics Institute (BPEI) announced a study confirming the advantages of Silicon Carbide over traditional silicon in electric vehicles. Silicon Carbide in powertrains can yield a 13:1 energy savings relative to the energy invested in production. The findings highlight substantial lifetime energy savings, particularly for electric vehicle (EV) fleets, and suggest enhanced environmental sustainability. The analysis positions Silicon Carbide as a key technology for future energy-efficient applications.
Wolfspeed, Inc. (NYSE: WOLF) will host a conference call and audio webcast to discuss its fiscal Q1 2022 results and business outlook on October 27, 2021, at 5:00 p.m. Eastern Time. The earnings press release will be issued after the market closes on the same day and available on their website. Wolfspeed specializes in Silicon Carbide and GaN technologies, providing solutions for sectors like electric vehicles, 5G, and renewable energy. Interested parties can access the live webcast or replay on their investor relations site.
Wolfspeed (NYSE: WOLF) announced a collaboration with ZINSIGHT Technology to integrate its 1200V Silicon Carbide MOSFETs into ZINSIGHT's advanced motor controllers for ultra-high-speed air compressors used in fuel cell vehicles (FCVs). This technology is expected to enhance efficiency and energy production, aligning with the growing demand for zero-emission vehicles. The partnership aims to leverage Wolfspeed's expertise in Silicon Carbide to ensure optimal performance and reliability, thereby supporting the shift towards more sustainable automotive solutions.
Intercontinental Exchange (NYSE: ICE) announced that Wolfspeed (NYSE: WOLF) has successfully transferred its listing to the NYSE, commencing trading today. This move allows Wolfspeed to leverage the NYSE's advanced market model and extensive network of business leaders, enhancing its visibility and investor relations. CEO Gregg Lowe emphasized that this listing marks a significant milestone, reinforcing Wolfspeed's status as a leader in Silicon Carbide technology. Since 2000, nearly 300 companies have transferred their listings to the NYSE, representing over $1 trillion in market value.
Wolfspeed, Inc. (NYSE: WOLF) officially begins trading today following a significant transformation, including divesting two-thirds of its business. Previously known as Cree, Inc. (NASDAQ: CREE), this shift repositions Wolfspeed as a global leader in Silicon Carbide technology. CEO Gregg Lowe highlights a $1.3 billion in long-term materials agreements and a $15 billion device pipeline, aiming to capitalize on the demand for energy-efficient solutions in various industries like electric vehicles and renewable energy.
General Motors (NYSE: GM) has entered a strategic supplier agreement with Wolfspeed (NYSE: WOLF) to utilize silicon carbide power devices in its upcoming electric vehicles (EVs). This collaboration aims to enhance EV propulsion efficiency, extend vehicle range, and secure a domestically sourced supply of materials through Wolfspeed's Assurance of Supply Program. The silicon carbide solutions will be produced at Wolfspeed's advanced 200mm-capable Mohawk Valley Fab in New York, which is the largest of its kind globally, addressing the growing demand in the EV market.