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 (NYSE: WOLF) has appointed Bret Zahn as Vice President and General Manager of their Automotive business, reporting to Chief Business Officer Cengiz Balkas. Zahn brings 35 years of experience in global engineering and business management, previously serving as VP and GM of Automotive Traction Solutions at onsemi.
In his new role, Zahn will lead Wolfspeed's automotive product roadmap development, focusing on silicon carbide (SiC) solutions for electric vehicles. His appointment aligns with Wolfspeed's strategic expansion in high-growth markets, particularly in meeting the increasing demand for power efficiency in electric mobility through its vertically integrated U.S-based SiC manufacturing, including the 200mm Mohawk Valley Fab.
Wolfspeed (NYSE: WOLF) faces significant financial restructuring as Renesas Electronics announces a finalized loss of 235 billion yen (approximately $1.57 billion) related to deposited receivables with Wolfspeed. This follows Wolfspeed's Chapter 11 bankruptcy filing and restructuring plan submission to U.S. courts.
The loss, previously estimated at 250 billion yen in June 2025, has been officially recorded in Renesas's consolidated financial statements for the six months ended June 30, 2025. This development marks a significant financial impact for both companies and reflects serious challenges in Wolfspeed's operations.
Wolfspeed (NYSE: WOLF) has appointed Gregor van Issum as Chief Financial Officer, effective September 1, 2025. Van Issum brings over 20 years of experience in transformational restructuring and strategic financing across the technology industry, particularly from his roles at ams-OSRAM AG and NXP Semiconductors.
Van Issum most recently served as Executive Vice President and Group Controller at ams-OSRAM, where he led cost savings programs and sales initiatives as Chief Transformation and Performance Officer. He will succeed Kevin Speirits, who has been serving as Interim CFO, and will report to CEO Robert Feurle while being based at the Durham, NC headquarters.
This appointment follows the recent addition of Dr. David Emerson as Chief Operating Officer in May, completing Wolfspeed's leadership refresh as it focuses on improving profitability and expanding in silicon carbide technology markets.
Wolfspeed (NYSE: WOLF), a leader in silicon carbide technologies, has initiated a pre-packaged Chapter 11 restructuring process with strong support from key lenders. The restructuring is backed by holders of over 97% of senior secured notes, Renesas Electronics Corporation's U.S. subsidiary, and convertible debtholders holding more than 67% of outstanding notes.
The company aims to reduce its overall debt by approximately 70% (about $4.6 billion) and decrease annual cash interest payments by roughly 60%. Wolfspeed maintains approximately $1.3 billion in cash as of Q3 FY25, ensuring sufficient near-term liquidity to support ongoing operations.
Under the Restructuring Support Agreement (RSA), Wolfspeed will continue normal operations, including delivering silicon carbide materials and devices to customers and paying vendors. The company expects to emerge from the restructuring process by the end of the third quarter of calendar year 2025, better positioned to execute its long-term growth strategy and accelerate its path to profitability.
Wolfspeed (NYSE: WOLF) has appointed Dr. David Emerson as Executive Vice President and Chief Operating Officer in a newly created role. Dr. Emerson, former Executive VP of Wolfspeed's LED Products division, will oversee operations, supply chain, and quality divisions across the company's 200-millimeter facility footprint. The appointment aligns with Wolfspeed's strategic focus on operational excellence and transition to pure-play 200-millimeter production.
CEO Robert Feurle highlighted Dr. Emerson's experience in leading the LED business through market disruption and global expansion. The role is crucial for reaccelerating revenue growth, achieving profitability, and completing the 200-millimeter transition. Dr. Emerson will focus on reducing customer lead times, enhancing manufacturing quality, and ensuring consistent delivery of silicon carbide solutions for automotive, industrial, and energy markets.
Wolfspeed (NYSE: WOLF) has announced significant changes to its Board of Directors. The company has appointed Paul Walsh, former CFO of Allegro Microsystems, and Mark Jensen, former U.S. Managing Partner of Technology Industry at Deloitte, to its Board. Both will serve on the Audit Committee. Walsh brings extensive semiconductor industry experience and CFO expertise, while Jensen contributes significant finance and accounting background. Meanwhile, Stacy Smith will not seek re-election and will depart before the 2025 annual meeting.
The appointments come as Wolfspeed actively engages with lenders to improve its capital structure, with the new directors expected to provide valuable guidance in restructuring and balance sheet negotiations. The company aims to reach a comprehensive solution that supports its long-term success in silicon carbide technology.
Wolfspeed (NYSE: WOLF) reported its Q3 FY2025 financial results, showing a decline in performance. The company's consolidated revenue decreased to $185 million from $201 million year-over-year. The Mohawk Valley Fab contributed $78 million in revenue, up from $28 million. The company experienced significant margin pressure, with GAAP gross margin falling to -12% from 11%, and non-GAAP gross margin declining to 2% from 15%. Underutilization costs at Mohawk Valley Fab were $26.3 million.
The company highlighted progress in strengthening its capital structure, including completing a $200 million ATM offering and receiving $192 million in Section 48D cash tax refunds. Under new CEO Robert Feurle, Wolfspeed is focusing on its pure-play 200-millimeter capabilities and working with lenders to address its capital structure.
Wolfspeed announced that Neill Reynolds will step down from his position as Executive Vice President and Chief Financial Officer, effective May 30, 2025. Reynolds has agreed to remain with the company until this date to facilitate ongoing negotiations with lenders and assist in strengthening the company's capital structure.
The transition comes at a crucial time as Wolfspeed continues its liability-management initiatives. Reynolds will participate in the company's fiscal third quarter earnings call on May 8. Thomas Werner, Executive Chairman, expressed gratitude for Reynolds' contributions and commitment during this transition period.
The company has initiated a search for a permanent CFO through a leading executive-search firm, considering both internal and external candidates. Importantly, Wolfspeed has reaffirmed its previously announced financial guidance for the third quarter of fiscal 2025.