Evertiq - First In Electronics News & Expo

Ad

Ad

Ad

Ad

Ad

Headquarters-Durham

September 09, 2025
Wolfspeed says it has received court approval of its Plan of Reorganisation, a move that clears the way for the company to emerge from Chapter 11 protection in the coming weeks.

saarland-fab

July 01, 2025
Upon emergence from the process, it expects to have reduced its overall debt by about 70%, representing a reduction of USD 4.6 billion and a reduction of its annual total cash interest payments by approximately 60%.

Ad

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.

Robert-Feurle-CEO-2025

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.

Headquarters-Durham

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.

Headquarters-Durham

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-CEO-2025

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.

semiconductor_materials

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.

March 13, 2025
Allegro MicroSystems has appointed Rick Madormo as Senior Vice President of Worldwide Sales, effective March 24, 2025.

Headquarters-Durham

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.

PCB-world_1

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.

chip-image

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.

Ohio-1-expansion

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.

mohawk-valley-facility

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.

PCB-Germany_1

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-2024

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.

saarland-fab

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.

mohawk-valley-facility

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.

chip-generic-image

September 20, 2024
The amount will fund four additional projects for the Commercial Leap Ahead for Wide Bandgap Semiconductors (CLAWS) Microelectronics Hub.

Headquarters-Durham

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.

market-share-sic-power-devices-revenue

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.

mohawk-valley-facility

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.

saarland-fab

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

FusionGreen-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.

g10-sic

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.

gregg-lowe-Senator-Thom-Tillis

March 27, 2024
Wolfspeed has celebrated the topping out of construction at the USD 5 billion John Palmour Manufacturing Center for Silicon Carbide.

Expo-SAP24-25

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.

chips

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.

mohawk-valley-facility

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.

office

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

Skaladbild

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.

global-market-share-sic-power-devices-2022-data

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.

Load more news

© 2025 Evertiq AB September 15 2025 8:06 am V24.4.11-2

Ad