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Wolfspeed Inc WOLF

Wolfspeed, Inc. is an innovator of wide bandgap semiconductors, focused on silicon carbide materials and devices for power applications. The Company's product families include power devices and silicon carbide and gallium nitride (GaN) materials. Its products are targeted for various applications such as electric vehicles, fast charging and renewable energy and storage. Its silicon carbide materials products consist of silicon carbide bare wafers, epitaxial wafers, and GaN epitaxial layers on silicon carbide wafers. Its silicon carbide materials are targeted for customers who use them to manufacture products for radio frequency, power and other applications. Its power device products consist of silicon carbide Schottky diodes, metal oxide semiconductor field effect transistors (MOSFETs) and power modules. The Company's featured products include SpeedVal Kit Modular Evaluation Platform, TOLL Silicon Carbide MOSFETs, and Wolfspeed WolfPACK Silicon Carbide Power Modules Family.


NYSE:WOLF - Post by User

Wolfspeed Inc
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Post by PressReleaseon Oct 15, 2024 5:06am
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Post# 36265830

New Press Release - Wolfspeed Announces $750M in Proposed Funding from U.S. CHIPS Act and Additional $750M From Investment Group Led By Apollo, Galvanizing Global Leadership in Delivering Next-Generation Silicon Carbide Technology

New Press Release - Wolfspeed Announces $750M in Proposed Funding from U.S. CHIPS Act and Additional $750M From Investment Group Led By Apollo, Galvanizing Global Leadership in Delivering Next-Generation Silicon Carbide Technology
Highlights:U.S. Department of Commerce proposes $750 Million in CHIPS and Science Act funding to support Wolfspeed’s North Carolina expansion and catalyze New York expansionCompany secures an additional $750 Million in financing from investment group led by Apollo, The Baupost Group, Fidelity...read article.
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