Wolfspeed Inc

Wolfspeed Inc. is a leader in silicon carbide and gallium nitride (GaN) technology and production. Operating internationally, the company produces silicon carbide materials, power-switching devices, and RF devices for electric vehicles, power supplies, fast-charging inverters, military, telecom, and aerospace. Founded in 1987, Wolfspeed has its headquarters in Durham, North Carolina The company was formerly known as Cree, Inc. and changed its name to Wolfspeed, Inc. in October 2021. Wolfspeed has a portfolio of approximately 2,000 patents and patent applications. The company's products are used in a wide range of applications, including transportation, 5G, wireless systems, motor drives, and aerospace and defence. It also supplies RF devices and materials that are used for telecommunication, satellite, radar, and military communications applications. As a publicly traded company, Wolfspeed stock is listed on the NASDAQ under the ticker WOLF. As of October 2021, Wolfspeed is in the process of building a $1bn manufacturing plant near Utica, New York. The company announced that it has reached an agreement with General Motors to develop and supply silicon carbide power devices for GM’s future electric vehicle programs. These components will be produced in the new factory, which is expected to go online in 2022. Add WOLF stock to your eToro virtual portfolio.