Wolfspeed Inc (NYSE: WOLF) is a semiconductor company that designs and manufactures silicon carbide (SiC) power devices and materials. Revenue comes from transactional product sales of SiC wafers, epitaxial wafers, and power devices to customers in industries at varying stages of SiC adoption. The company operates manufacturing facilities in the United States and contract manufacturing in Asia, and as of the 10-K filed August 26, 2025, was led by Chief Executive Officer Robert Feurle. Wolfspeed divested its RF business prior to fiscal year end June 29, 2025, receiving shares of MACOM Technology Solutions valued at approximately $102.0 million as of that date. The company entered a Restructuring Support Agreement on June 22, 2025, reflecting a heavily debt-burdened capital structure. Cash, cash equivalents, and short-term investments totaled $595.7 million as of June 29, 2025, down from $1,226.0 million as of June 30, 2024. The company has reported net losses from continuing operations across fiscal years ended June 29, 2025, June 30, 2024, and June 25, 2023.

Revenue model

Transactional product sales of silicon carbide wafers, epitaxial wafers, and power devices. Revenue is recognized on product shipments to customers across power semiconductor end markets.

Products and services

Silicon carbide power devices, SiC wafers, and SiC epitaxial wafers. The company previously operated an RF business that was divested prior to fiscal year end June 29, 2025.

Customers and end markets

Customers operate in industries at varying stages of SiC adoption. The semiconductor industry serving these end markets is characterized by rapid technological change, price erosion, and fluctuating demand. Specific named customers or concentration figures are not disclosed in the available filing excerpts.

Value-chain role

Vertically integrated semiconductor manufacturer. Operates primary manufacturing in the United States and contract manufacturing in Asia. Produces both upstream materials (SiC wafers, epitaxial wafers) and downstream power devices.

Geographic exposure

Primary manufacturing operations in the United States. Contract manufacturing operations in Asia. All operations carry a functional currency of the United States Dollar, with some transactions denominated in foreign currencies.

Source: SEC 10-K, filed 2025-08-26

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