DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF) (“Wolfspeed” or the “Company”), a global leader in silicon carbide technology, today announced the closing of its previously announced private placements of convertible notes, common stock, and pre-funded warrants (the “Private Placements”). In connection with the Private Placements, the Company redeemed approximately $475.9 million of the Company's outstanding Senior Secured Notes due 2030 (the “Senior Secured Notes”), which is expect.
DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF) (“Wolfspeed”) today announced that on March 19, 2026, it entered into separate, privately negotiated subscription agreements with investors pursuant to which Wolfspeed will place (i) $379,000,000 aggregate principal amount of its 3.5% Convertible 1.5 Lien Senior Secured Notes due 2031 (the “Notes”) and (ii) 3,250,030 shares of common stock, at a purchase price of $18.458 per share (the “Shares”) and pre-funded warrants (the “Pre-Funded.
DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed is pleased to announce the appointment of Daihui Yu as regional president for Greater China, effective March 16, 2026. In this key leadership position, Yu will oversee the expansion of the company's business across mainland China, Hong Kong and Taiwan, utilizing his substantial expertise to drive sales growth and strengthen our brand presence in the region. Yu holds a degree in electrical engineering from Wuhan University of Technology and an MBA from Ts.
DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), a global leader in silicon carbide technology, today announced that its 300mm silicon carbide (SiC) technology platform could serve as a foundational materials enabler for advanced AI and high‑performance computing (HPC) heterogeneous packaging by the end of this decade. “As AI workloads continue to increase package size, power density, and integration complexity, we believe new materials foundations will be increasingly important to.
DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc., a global leader in silicon carbide (SiC) technology, today announced the industry's first commercially available 10 kV SiC power MOSFET. This milestone marks a defining moment in the industry — unlocking architectural freedom, delivering unprecedented system durability, and advancing access to reliable and sustainable power for the world's most demanding applications. This groundbreaking advancement challenges conventions in power conversion techn.
Wolfspeed has struggled with yield issues and a weak EV market. The stock is highly speculative.
DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), a global leader in silicon carbide technology and manufacturing, today announced the appointment of Stefan Steyerl as vice president of sales, EMEA. Effective March 1, 2026, Steyerl will develop and execute Wolfspeed's regional sales strategy, driving adoption of silicon carbide solutions across automotive, industrial, and energy markets as Wolfspeed accelerates the adoption of silicon carbide technology to expand its market footprint.
DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, a global leader in silicon carbide technology, is expanding its use of Snowflake to accelerate manufacturing efficiency and operational excellence as it scales production to meet growing market demand. After bringing together factory, supply chain, and enterprise data on a single, governed platform, Wolfspeed is now deploying AI across its operations to improve cost, quality, speed, and workforce readiness. This marks a major step in Wolfspeed's vision.
Many of the issues that plagued Wolfspeed before it went bankrupt remain. The company is seeing a negative gross margin and negative cash flow.
Last week, silicon carbide semiconductor solutions provider Wolfspeed reported another set of mediocre quarterly results, with sales and Adjusted EBITDA declining to new multi-year lows. Even a 50% sequential increase in AI data center revenues was not sufficient to offset persistent headwinds from weak EV demand and bankruptcy-related market share losses. On the flip side, the restructuring has reduced Wolfspeed's debt obligations and non-GAAP operating expenses substantially. In addition, elevated capex requirements are largely behind the company now.
