Renesas expects significant loss following Wolfspeed restructuring deal
June 25, 2025
As previously reported by Evertiq, Wolfspeed has entered into a restructuring agreement with key creditors aimed at reducing its debt load and cash interest expenses. Renesas Electronics is among the parties that have signed the Restructuring Support Agreement, a move expected to result in a substantial financial loss for the Japanese semiconductor company.
Wolfspeed moves to slash debt through bankruptcy plan
June 23, 2025
US-based semiconductor manufacturer Wolfspeed has entered into a restructuring agreement with key creditors that will significantly reduce its debt load and cash interest expenses. The company plans to implement a pre-packaged Chapter 11 bankruptcy filing in the near future.
Wolfspeed reportedly preparing for bankruptcy
May 21, 2025
Wolfspeed is said to be preparing a Chapter 11 bankruptcy filing within weeks, according to reports from The Wall Street Journal and Reuters. The move comes after failed restructuring talks and growing financial pressure from falling demand and aggressive Chinese competition.
Wolfspeed CFO Neill Reynolds to step down
May 01, 2025
Wolfspeed's Executive Vice President and Chief Financial Officer, Neill Reynolds, will step down from his role effective May 30, 2025, as part of a mutual agreement. Reynolds is departing to pursue another professional opportunity.
Robert Feurle takes the helm at Wolfspeed
April 02, 2025
Wolfspeed, US silicon carbide (SiC) specialist, has appointed Robert Feurle as Chief Executive Officer (CEO), effective May 1, 2025. The appointment follows a comprehensive internal and external search, the company revealed.
Compound semiconductor materials market to cross $91B by 2035
March 31, 2025
EVs are emerging as a critical application area in the compound semiconductor industry, as many EV makers are resorting to MOSFETs or SiC Schottky barrier diodes (SBD) in DC-DC converters.
Rick Madormo to lead Allegro’s global sales
March 13, 2025
Allegro MicroSystems has appointed Rick Madormo as Senior Vice President of Worldwide Sales, effective March 24, 2025.
New job cuts as Wolfspeed pushes for positive cash flow
March 12, 2025
In late January, Wolfspeed outlined a series of strategic initiatives aimed at improving financial performance and securing long-term growth. The plan focuses on three key areas: accelerating the path to positive free cash flow, strengthening the balance sheet, and raising cost-effective capital.
SiC power semiconductors market to reach $11.7B by 2035
March 03, 2025
Silicon carbide (SiC) power semiconductors have gained significant traction in high-power applications due to their superior thermal conductivity, higher breakdown voltage and energy efficiency.
U-M awarded up to $7.5M to develop heat-tolerant chips
February 21, 2025
Funded by the Silicon Crossroads Microelectronics Commons Hub, University of Michigan researchers are leading a collaborative effort to bring more such semiconductors to the market.
Fab delays and cancellations start to pile up
January 30, 2025
The semiconductor industry is grappling with uncertainty as several high-profile semiconductor fab projects are struggling with delays, suspensions, or outright cancellations.
Wolfspeed names Melissa Garrett as senior VP and general counsel
December 03, 2024
Melissa Garrett has been appointed Senior Vice President and General Counsel of Wolfspeed, effective December 9, 2024. Garrett succeeds Brad Kohn, who has resigned from the company for another professional opportunity.
Germany plans $2.1 billion in new chip subsidies
December 02, 2024
The Ministry of Economic Affairs plans to use the newly proposed funds to support 10 to 15 projects, ranging from wafer production to microchip assembly, the Bloomberg report says.
Gregg Lowe to depart as President & CEO of Wolfspeed
November 19, 2024
Gregg Lowe, President and CEO of silicon carbide specialist Wolfspeed will step down from his role this month. The decision, described as mutual, also includes Lowe’s departure from the company's Board of Directors.
Is ZF pulling out of Wolfspeed's German chip project?
October 23, 2024
ZF is expected to back out from a semiconductor manufacturing project in collaboration with US SiC specialist Wolfspeed in Germany, reports Reuters.
Wolfspeed bags CHIPS Act support for US expansion
October 15, 2024
The U.S. Department of Commerce and Wolfspeed have signed a non-binding preliminary memorandum of terms (PMT) for up to USD 750 million in proposed direct funding under the CHIPS and Science Act.
NC State University gets $19 million funding for chip research
September 20, 2024
The amount will fund four additional projects for the Commercial Leap Ahead for Wide Bandgap Semiconductors (CLAWS) Microelectronics Hub.
Wolfspeed to close its Durham plant
August 22, 2024
In its fourth quarter and full fiscal year 2024 report, semiconductor company Wolfspeed says it plans to accelerate the shift of device fabrication to its 200mm Mohawk Valley Fab, while assessing the timing of the closure of its 150mm device fab in Durham.
ST maintains top spot in revenue ranking for SiC power devices
June 26, 2024
According to TrendForce, the SiC power devices market continued to display strong growth in 2023, driven by the use of BEVs. Roughly 91.9% of total revenue came from the top five suppliers; ST led the pack with a 32.6% market share, while Onsemi jumped from fourth place in 2022 to second place.
Wolfspeed’s Mohawk Valley SiC fab reaches 20% utilisation
June 25, 2024
Wolfspeed’s Mohawk Valley silicon carbide fab in Marcy, New York has reached 20% wafer start utilisation, a critical step in the company’s efforts to meet the growing demand for SiC power devices.
Wolfspeed delays Germany site build to mid-2025
June 20, 2024
The slowdown in demand for EVs strikes again, with US-based SiC specialist Wolfspeed postponing – but not cancelling – the construction of its Saarland facility.
Sponsored content by Fusion
The Rise of Silicon Carbide and Its Role in Chipmaking
Silicon carbide (SiC) is one of the many materials at the forefront of technological advancement, particularly within electronics and power systems. The Global SiC Power Semiconductor market is forecasted to grow at a CAGR of 23.4% from 2024 to 2032, signifying its pivotal role in revolutionizing electronic components.
Wolfspeed selects Aixtron tools to support 200mm production
April 18, 2024
SiC specialist Wolfspeed has placed multiple-tool orders in Q3 and Q4 2023 to utilise Aixtron's G10-SiC to help further ramp production for 200mm (8-inch) SiC epitaxial wafers.
Wolfspeed tops out world’s largest SiC facility
March 27, 2024
Wolfspeed has celebrated the topping out of construction at the USD 5 billion John Palmour Manufacturing Center for Silicon Carbide.
What is the future for SiC in Europe?
February 29, 2024
To understand the – potential – future, we first must look at the present and the ongoing movement. Therefore, Evertiq invited Yole Group as a keynote speaker during its inaugural Expo in Sophia Antipolis, France dig deeper into the market, investments and competitive landscape of SiC.
Onsemi reports better-than-expected 4Q revenue
February 06, 2024
US chip designer beat Wall Street expectations with its 4Q and full year results, but is still warning of a sluggish first quarter to come.
Wolfspeed expands SiC wafer supply deal with global semiconductor company
January 31, 2024
Wolfspeed has expanded an existing long-term silicon carbide wafer supply agreement with an unnamed global semiconductor company. The expanded supply agreement is now worth approximately USD 275 million.
Infineon and Wolfspeed extend 150mm SiC wafer supply deal
January 24, 2024
Infineon has agreed a multi-year agreement with Wolfspeed to help it meet growing demand for SiC products from automotive, solar and EV customers.
Sponsored content by Evertiq
Five companies control the SiC power market - Evertiq expo Sophia Antipolis 2024
The global power SiC device market is forcasted to grow to about USD 9 billion by 2028, a 31% increase over 2022, according to the 2023 edition of Yole Intelligence's Power SiC Report. While automotive applications dominate the SiC market, other applications such industrial, energy, and rail are adding to its growth momentum.
Five companies control the SiC power market
January 09, 2024
The global power SiC device market is forcasted to grow to about USD 9 billion by 2028, a 31% increase over 2022, according to the 2023 edition of Yole Intelligence's Power SiC Report. While automotive applications dominate the SiC market, other applications such industrial, energy, and rail are adding to its growth momentum.
Share prices of US semiconductor firms 'best for a decade'
January 01, 2024
New industry data has revealed that US-based semiconductor stocks have risen by a collective 66% this year – the biggest spike since 2009.
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