Revolutionizing the Future: Wolfspeed Secures $500 Million in Funding to Drive Sustainable Innovations Worldwide

Wolfspeed, the leading innovator in Silicon Carbide technology for over 30 years, has announced a remarkable funding milestone, successfully raising $500 million to accelerate its mission of driving the global transition from traditional silicon to Silicon Carbide solutions. This substantial investment underscores Wolfspeed's commitment to powering sustainable advancements across multiple industries, including electric vehicles, fast charging, 5G infrastructure, renewable energy, and aerospace and defense applications. The funding will be utilized to expand manufacturing capacity and enhance research and development initiatives, positioning Wolfspeed at the forefront of accelerating the adoption of clean energy technologies. As the world grapples with the pressing need for efficient and sustainable solutions, Wolfspeed’s disruptive technology is poised to lead the way in transforming how industries operate and significantly reduce carbon footprints. With this recent capital infusion, Wolfspeed is steadfast in its resolve to continue providing groundbreaking semiconductor solutions that not only support a more efficient energy ecosystem but also address the global challenges of climate change. By empowering its customers to develop advanced products, Wolfspeed is helping to shape a future where technology and sustainability go hand in hand. To learn more about how Wolfspeed is pioneering the future of Silicon Carbide technology, visit www.wolfspeed.com.