Wolfspeed Stock News

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF) today announced its results for the first quarter of fiscal 2027. Recent Business Highlights Announced conditional 30-year, $1.5 billion loan commitment from U.S. Department of War to advance domestic wide bandgap supply chain. Expanded and extended existing 150mm long-term supply silicon carbide wafer supply agreement with Infineon Te...

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), a global leader in silicon carbide (SiC) technology, today announced the commercial introduction of its proprietary transparent silicon carbide (TSiC™) technology expanding the potential of silicon carbide to enable next-generation augmented reality (AR), quantum computing and advanced optical applications. Wolfspeed builds on more th...

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), a global leader in silicon carbide technology, today announced a multiyear supply agreement for Wolfspeed silicon carbide devices to support BorgWarner's next-generation 800V silicon carbide-based inverter platform as strategic partner. The agreement strengthens the companies' longstanding collaboration while providing BorgWarner with...

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc (NYSE: WOLF), a global leader in silicon carbide technology, and Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) today announced the expansion and extension of their existing long-term silicon carbide (SiC) wafer supply agreement. The expanded agreement adds 200 mm silicon carbide wafers to the existing 150 mm supply and builds on a supply relati...

Wolfspeed Inc (NYSE:WOLF) shares opened 11% higher on Thursday morning after the chipmaker said the US Department of War had conditionally agreed to lend it up to $1.5 billion over 30 years. The proposed financing would give the department warrants to purchase up to 7.5% of Wolfspeed's fully diluted equity, providing the company with a potentially significant source of long-term funding.

AI stocks struggle as investors fret about yields and oil prices, while Wolfspeed surges after it lands a financing deal with the Pentagon.

Chipmaker Wolfspeed said on Wednesday it has received a conditional loan commitment ​for up to $1.5 billion from the ‌US Department of Defense to expand domestic production of silicon carbide materials and power devices, ​sending its shares surging 27% in ​extended trading.