Wolfspeed Inc (WOLF) Sector
Information Technology

(Current) $16.22
-0.21 (-1.28%) Open Price: 15.90

 

Wolfspeed Inc., formerly Cree, Inc., is an American company headquartered in Durham, North Carolina. Established in 1983, they have undergone a significant transformation, emerging as a global leader in the development and manufacturing of wide bandgap semiconductors. These advanced materials hold immense potential for revolutionizing power electronics and enabling a more efficient future.

 

Wolfspeed's primary focus lies on silicon carbide (SiC) and gallium nitride (GaN) technologies. Unlike traditional silicon semiconductors, SiC and GaN offer superior properties such as wider bandgaps, higher thermal conductivity, and increased efficiency. These advantages translate to significant benefits in power electronics applications, including power supplies, inverters, and electric vehicle charging stations. Wolfspeed's power devices enable smaller, lighter, and more efficient systems, leading to reduced energy consumption and lower carbon footprints.

 

Beyond power electronics, Wolfspeed's GaN technology also finds application in radio frequency (RF) applications. Their RF products cater to the growing demand for high-performance and high-frequency components in areas like wireless communication infrastructure and radar systems. The efficiency and power handling capabilities of GaN make it an ideal choice for these demanding applications.

 

Wolfspeed is not just a manufacturer; they are actively driving innovation in the wide bandgap semiconductor space. The company invests heavily in research and development, pushing the boundaries of SiC and GaN technology. This commitment to innovation ensures they remain at the forefront of this rapidly evolving field. Their recent expansion into a new, state-of-the-art manufacturing facility in Marcy, New York, signifies their dedication to meeting the increasing demand for these advanced materials.

 

As the world transitions towards cleaner energy sources and electric vehicles, the need for efficient and reliable power conversion solutions becomes even more critical. Wolfspeed's wide bandgap semiconductor technology offers a compelling path forward, enabling a more sustainable and energy-efficient future.

 

(10/16/24) $15.90
(10/18/24) $16.43
(10/18/24) (Qty.)22,500,211
(10/16/24) $13.74
(10/16/24) $16.96
(09/29/24) $8.37
(10/13/24) $16.96
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