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. develops and manufactures silicon carbide semiconductor technologies for power electronics applications. News about WOLF commonly centers on SiC MOSFETs, Schottky diodes, power modules, 300mm substrate development, and product launches such as high-voltage SiC power MOSFETs and the TOLT portfolio for AI data center infrastructure.
Recurring company updates also cover quarterly operating results, demand trends in automotive, industrial, energy and data center markets, balance-sheet actions involving secured and convertible debt, equity issuance, and regional commercial leadership across Asia Pacific and Greater China.
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.