What Wolfspeed does

Wolfspeed, Inc. (formerly Cree, Inc., rebranded in 2021) is a Durham, North Carolina-based vertically integrated silicon carbide (SiC) semiconductor company founded in 1987. It produces SiC substrate materials (150mm and 200mm wafers), discrete MOSFETs and Schottky diodes, bare die products, and power modules spanning 1200V to 10 kV ratings — including the industry's first commercially available 10 kV SiC MOSFET and Gen 5 MOSFET technology offering up to 27% efficiency improvement. The company operates what it describes as the first U.S.-based SiC corridor, with end-to-end substrate and power device fabrication centered on the Mohawk Valley, New York 200mm device fab, following the early 2026 shutdown of the older Durham 150mm facility.

The company sells primarily through direct enterprise sales to major OEMs and Tier 1 suppliers across automotive (Toyota), renewable energy (Hopewind), aerospace and defense (GE Aerospace), and emerging AI data center customers (Amperesand), supplemented by an authorized distributor network and an online sample center for engineering evaluation. Revenue is hardware-driven, quote-based, and project-specific, particularly for automotive qualification programs; pricing is not publicly disclosed. Wolfspeed holds over 2,300 issued and pending patents and is the only pure-play vertically integrated SiC company at scale.

Following a Chapter 11 filing in June 2025, Wolfspeed emerged from bankruptcy on September 29, 2025 with a 70% debt reduction (from $13.6 billion to approximately $1.7 billion), shifting from a primarily EV-focused business toward a diversified mix that includes AI data center power infrastructure, aerospace and defense applications, industrial motor drives, and renewable energy systems. Post-restructuring ownership is concentrated among creditors, with Renesas Electronics America holding a $293.4 million CFIUS-cleared equity stake and institutional investors including T. Rowe Price and Fidelity Management & Research participating in subsequent refinancings.

Name

Wolfspeed

Legal name

Wolfspeed, Inc.

Website

https://wolfspeed.com

Company type

Public

Founded year

1987

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Wolfspeed is a vertically integrated silicon carbide (SiC) semiconductor company producing SiC wafers, MOSFETs, diodes, and power modules for automotive, AI data center, renewable energy, industrial, and aerospace/defense customers globally.

Ownership category

akta.pro rank

Product category

Silicon Carbide (SiC) Power Semiconductors

NAICS

Semiconductor and Related Device Manufacturing (334413), Semiconductor and Other Electronic Component Manufacturing (33441)

SIC

Semiconductors & Related Devices (3674)

akta.pro primary industry

Power Modules (IGBT/MOSFET/SiC/GaN Modules) (HDAHAHAH)

akta.pro secondary industries

Wide-Bandgap Power Devices (SiC/GaN Discretes) (HDAHAHAG), Compound Semiconductor Wafers & Substrates (SiC/GaN/GaAs/InP/Sapphire) (HDAHAGAB), High-Voltage, Power Discretes & Modules (IGBT/MOSFET/SiC/GaN) (HDAHAAAK)

Keywords

• Silicon carbide semiconductors
• Power electronics devices
• Wide bandgap semiconductors
• SiC power modules
• EV power conversion

Headquarters

HQ city

Durham

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Technology or R&D, Infrastructure, Personnel, Marketing or Sales

Revenue model

1. Silicon Carbide Power Devices: Sale of silicon carbide power semiconductor products including discrete MOSFETs, Schottky diodes, power modules, and bare die products. Revenue from direct product sales to automotive, industrial, and data center customers. Vertically integrated model from substrates to finished devices.
2. SiC Materials: Sale of silicon carbide substrate materials and wafers to customers for their own device fabrication. Part of vertically integrated SiC portfolio.
3. AI-Powered Manufacturing Services: Advanced AI-integrated manufacturing capabilities leveraging Snowflake platform for improved manufacturing efficiency, quality, speed, and workforce readiness.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Wolfspeed designs, manufactures, and sells silicon carbide (SiC) wide-bandgap semiconductor materials and power devices used for high-efficiency power conversion. Its portfolio spans SiC substrates and epitaxial wafers (150mm and 200mm), discrete SiC MOSFETs and Schottky diodes, automotive-qualified bare die products, and integrated SiC power modules including the WolfPACK family, sold to automotive, AI data center, industrial, renewable energy, and aerospace/defense customers.

Product overview

Wolfspeed is a vertically integrated silicon carbide (SiC) semiconductor company offering a comprehensive portfolio of materials and power devices. The product portfolio consists of SiC Materials (substrates and epitaxial wafers in 150mm and 200mm formats), Power Modules (automotive and industrial modules from 1200V to 3300V including WolfPACK family and baseplate modules), Discrete MOSFETs (1200V-1700V in various packages including automotive-qualified TSC packages), Discrete Schottky Diodes, Bare Die products (MOSFETs and Schottky diodes in die form for custom integration including Gen 4 and Gen 5 generations and the 10kV flagship), plus supporting tools including Reference Designs, Gate Driver Boards, and Evaluation Kits. The company operates the only U.S.-based vertically integrated SiC corridor with end-to-end substrate and power device fabrication capabilities.

Differentiator

Problem solved

Functional benefit

Brands

• WolfPACK: Scalable full-bridge baseplate-less power module family for modularity in configuring multi-level, series-stacked, or parallel converter architectures
• WolfGPT

Products and services

• Power Modules Silicon carbide power module family including 1200V automotive 6-pack modules, 3300V WolfPACK modules, 3300V baseplate modules, and FM3 full-bridge modules for traction inverters, solar inverters, and grid-scale energy storage applications.
• Discrete MOSFETs Silicon carbide MOSFETs in 1200V and 1700V ratings with automotive and industrial qualification, including E-Series devices in top-side cooled (TSC) packages optimized for high-voltage DC/DC converters and EV battery chargers.
• Discrete Schottky Diodes Silicon carbide Schottky barrier diodes offering low forward voltage drop and fast recovery characteristics for power supply and solar inverter applications.
• Bare Die MOSFETs Silicon carbide MOSFET bare die products including Gen 4 (1200V, 2300V) and Gen 5 (1200V) automotive-qualified variants with continuous junction temperature ratings up to 200°C, optimized for traction inverters, motor drives, and solid-state circuit breakers.
• Bare Die Schottky Diodes Silicon carbide Schottky diode bare die products for customers requiring die-level integration into custom power modules and systems.
• 10 kV Bare Die SiC MOSFETs Industry's first commercially available 10,000V silicon carbide MOSFET bare die enabling design flexibility with step function improvements in system size, weight, reliability, and cost of ownership for grid modernization and industrial applications.
• Materials Products Silicon carbide substrate and epitaxial materials including 150mm and 200mm wafers serving as the foundational material for Wolfspeed's power device fabrication and customer wafer requirements.

Quantifiable outcome

• 27% efficiency improvement with Gen 5 SiC MOSFETs over existing 1200V solutions
• +5 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Six partnerships are on record, tiered core and secondary.

• GE AerospacecoreStrategic or Co-development Partner · 8 June 2026Memorandum of Understanding collaboration to accelerate high-voltage silicon carbide (SiC) adoption across industrial, aerospace, and defense markets. Joint development of standard high-voltage power module formats and supply of Wolfspeed's 10 kV MOSFET die. Both companies already qualified high-voltage power units for U.S. military ground vehicles. Collaboration aims to strengthen supply chain resilience and enable more compact, efficient, and reliable power systems for next-generation platforms.
• SnowflakecoreTechnology or Integration · 11 February 2026Wolfspeed expanding deployment of Snowflake's AI Data Cloud to unify factory, supply chain, and enterprise data across operations. Deployment of WolfGPT internal generative AI platform and dozens of specialized AI agents across manufacturing, quality, supply chain, finance, and analytics functions.
• ToyotacoreOEM/ Whitelabel/ Licensing Partner · 9 December 2025Wolfspeed silicon carbide automotive MOSFETs will power onboard charger systems for Toyota's Battery Electric Vehicles. Agreement reflects Toyota's confidence in Wolfspeed's quality standards and U.S.-based manufacturing capabilities for achieving electrification goals.
• HopewindsecondaryStrategic or Co-development Partner · 10 November 2025Hopewind selected Wolfspeed to supply advanced Silicon Carbide technology for wind energy applications. Integration of Wolfspeed's LM Pack Module into Hopewind's Wind Power Converter for highly modular and lightweight wind energy technology.
• AI Ecosystem Partners (Foundries, OSATs, System Architects)secondaryStrategic or Co-development PartnerCollaboration with AI ecosystem partners including foundries, OSATs, system architects, and research institutions to explore how 300mm SiC substrates could address thermal, mechanical, and electrical performance barriers in next-generation packaging architectures.
• AmperesandsecondaryStrategic or Co-development PartnerPartnership to develop medium voltage SiC-based solid-state transformers for AI data center power infrastructure. Amperesand developing reliable medium voltage power conversion technology with Wolfspeed SiC components.

Scale indicators10 records

Recent moves9 records

Expansion highlights8 records

Direct peers

• ROHM Semiconductor: ROHM is a Japanese SiC power device manufacturer offering 4th-generation SiC MOSFETs, Schottky diodes, and integrated modules. ROHM is a direct competitor in automotive and industrial SiC markets and was an early SiC pioneer.
• Infineon Technologies: Infineon is Wolfspeed's largest direct competitor in SiC power semiconductors, offering CoolSiC MOSFETs, discretes, modules, and bare die products for automotive, industrial, and renewable energy. Both companies target the same EV inverter and industrial drive customers and compete head-to-head on 1200V/1700V SiC MOSFETs.
• STMicroelectronics: STMicroelectronics is one of the leading SiC power device manufacturers with its STPOWER SiC portfolio including MOSFETs, diodes, and modules. It supplies Tesla and other major automotive OEMs and competes directly with Wolfspeed across automotive traction inverters and industrial power conversion.
• Renesas Electronics: Renesas acquired a $293.4M equity stake in Wolfspeed during restructuring and also offers SiC power products through its acquired Dialog/Intersil portfolio. Renesas is both an investor and a strategic competitor in automotive and industrial power semiconductors.
• ON Semiconductor: ON Semiconductor (onsemi) is a leading SiC power semiconductor competitor with its EliteSiC family of MOSFETs and modules. The company is rapidly scaling SiC capacity and competing with Wolfspeed in automotive traction inverters, on-board chargers, and industrial applications.

Emerging players

• MACOM Technology Solutions: MACOM acquired Wolfspeed's RF business in December 2023 for $125M, giving it GaN-on-SiC RF capabilities. While now focused on RF rather than power, MACOM competes in the GaN-on-SiC materials space that Wolfspeed pioneered.
• Navitas Semiconductor: Navitas is a pure-play GaN power semiconductor company targeting data centers, EV, and consumer applications. While focused on GaN rather than SiC, it is a wide-bandgap competitor addressing similar power conversion use cases as Wolfspeed.

Broad incumbents

• Microchip Technology: Microchip Technology offers SiC MOSFETs and power modules as part of its broader analog and mixed-signal portfolio. While not a pure-play SiC vendor like Wolfspeed, it competes in industrial and renewable energy SiC applications.
• Toshiba Electronic Devices & Storage: Toshiba manufactures SiC MOSFETs and diodes as part of its broader discrete semiconductor portfolio. It competes with Wolfspeed in industrial power conversion, rail, and renewable energy applications, particularly in the Japanese market.
• Mitsubishi Electric: Mitsubishi Electric produces SiC power modules for industrial, rail, and automotive applications as part of its broader power electronics portfolio. It is an incumbent in high-voltage power conversion and competes with Wolfspeed in industrial motor drives and traction.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/wolfspeed
• YouTubeyoutube.com/c/wolfspeedinc
• LinkedInlinkedin.com/company/wolfspeed
• Instagraminstagram.com/runwithwolfspeed
• Facebookfacebook.com/wolfspeedofficial

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds8 records

Investors7 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Wolfspeed