Wolfspeed

Wolfspeed

Produces silicon carbide materials and devices

About Wolfspeed

Simplify's Rating
Why Wolfspeed is rated
A+
Rated A on Competitive Edge
Rated A on Growth Potential
Rated A+ on Rating Differentiation

Industries

Hardware

Energy

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Durham, North Carolina

Founded

1987

Overview

Company Does Not Provide H1B Sponsorship

Wolfspeed specializes in silicon carbide (SiC) technology, which is utilized to create energy-efficient power and radio frequency (RF) applications. The company produces SiC materials and devices that outperform traditional silicon-based products, catering to clients in the automotive, industrial, and telecommunications sectors. Their offerings include SiC wafers, power devices, and RF components, which are designed and manufactured for superior performance. Wolfspeed generates revenue through direct sales to manufacturers and licensing agreements. The goal of Wolfspeed is to provide solutions that enhance efficiency, reduce energy consumption, and improve performance in various applications.

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Simplify's Take

What believers are saying

  • Growing EV demand boosts interest in Wolfspeed's silicon carbide technology for power electronics.
  • Global SiC semiconductor market expected to grow at 29% CAGR from 2021 to 2026.
  • Partnerships with automotive giants like Hyundai Mobis strengthen Wolfspeed's market position.

What critics are saying

  • Recent layoffs at Durham and Siler City indicate potential operational challenges and cost-cutting.
  • Closure of Texas plant suggests financial difficulties or strategic shifts impacting operations.
  • Class action lawsuit for securities fraud could damage reputation and affect investor confidence.

What makes Wolfspeed unique

  • Wolfspeed specializes in silicon carbide technology, offering superior performance over traditional silicon.
  • The company serves diverse sectors, including automotive, industrial, and telecommunications.
  • Wolfspeed's Gen 4 platform enhances system efficiency and cost-effectiveness for high-power applications.

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Funding

Total Funding

$29.2M

Above

Industry Average

Funded Over

5 Rounds

Post IPO Equity funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Equity Funding Comparison
Coming Soon

Benefits

Childcare Support

Parental Leave

Tuition Reimbursement

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

3%

2 year growth

5%
The News & Observer
Mar 7th, 2025
NC chipmaker Wolfspeed announces more layoffs at Durham and new Siler City factories

Wolfspeed told regulators in a financial filing Friday it will lay off around 180 workers, most in materials operations, at both its main Durham site and its incoming plant in western Chatham, near Siler City.

Auto Connected Car
Jan 26th, 2025
Connected Car News: Hyundai Mobis, Wolfspeed & SoundHound

Wolfspeed, Inc. (NYSE: WOLF), a leader in silicon carbide technology, has launched its Gen 4 platform, designed to enhance system efficiency, durability, and cost-effectiveness for high-power applications.

Business Wire
Jan 17th, 2025
Wolfspeed Completes $200 Million At-The-Market Equity Offering

Wolfspeed, Inc. (NYSE: WOLF) announced today that it has completed the offering of shares of its common stock under its previously announced “at the m

A2A Electronic
Jan 15th, 2025
Semiconductor Industrial Breaking News

Wolfspeed closed its Texas plant and put it up for sale, laying off 75 employees.

Data Center Dynamics
Jan 13th, 2025
Chipmaker Wolfspeed closes Texas site, puts up for sale

Chipmaker Wolfspeed closes Texas site, puts up for sale.

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