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13.03.26 - 13:06
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Wolfspeed Appoints Silicon Carbide Industry Veteran Daihui Yu as Regional President, Greater China (Business Wire)
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DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed is pleased to announce the appointment of Daihui Yu as regional president for Greater China, effective March 16, 2026. In this key leadership position, Yu will oversee the expansion of the company's business across mainland China, Hong Kong and Taiwan, utilizing his substantial expertise to drive sales growth and strengthen our brand presence in the region.
Yu holds a degree in electrical engineering from Wuhan University of Technology and an MBA from Tsinghua University.
Prior to joining Wolfspeed, Yu served more than 12 years with Infineon Technologies as senior vice president and head of infrastructure and industry business for Greater China, managing regional sales and marketing functions. Before that, Yu spent 15 years at Schneider Electric in various sales and marketing management roles, accumulating comprehensive experience across diverse industries. He began his career as a control systems R&D engineer at the China Academy of Space Technology.
As regional ...
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17.02.26 - 14:06
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Wolfspeed Strengthens Global Sales Leadership with Addition of Semiconductor Leader, Stefan Steyerl, as VP of Sales, EMEA (Business Wire)
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DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), a global leader in silicon carbide technology and manufacturing, today announced the appointment of Stefan Steyerl as vice president of sales, EMEA. Effective March 1, 2026, Steyerl will develop and execute Wolfspeed's regional sales strategy, driving adoption of silicon carbide solutions across automotive, industrial, and energy markets as Wolfspeed accelerates the adoption of silicon carbide technology to expand its market footprint and deliver revenue growth across the region.
Steyerl brings more than 25 years of experience in the semiconductor industry, with a proven track record of building high-performance teams and achieving revenue growth across global markets. Most recently, he served as vice president of sales for EMEA at Allegro MicroSystems, where he developed and executed regional go-to-market strategies and strengthened executive-level customer relationships. Prior to that, Steyerl held senior leadership roles at Analog Devices, o...
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04.02.26 - 22:09
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Wolfspeed Reports Financial Results for the Second Quarter of Fiscal 2026 (Business Wire)
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AI Datacenter Revenue up 50% QoQ
$200 Million Annualized Operating Expense Reduction Compared to Q2 FY 2025
Capital Expenditures Down by 90% Year over Year
Strong Balance Sheet Ending with $1.3 Billion in Cash, Cash Equivalents and Short-term InvestmentsDURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF) today announced its results for the second quarter of fiscal 2026.
Business Highlights
Received approximately $700 million in Section 48D cash tax refunds and applied $175 million of the proceeds, net of make-whole premiums, toward the retirement of long-term debt.
$1.3 billion of cash, cash equivalents and short term investments as of December 28, 2025.
Working capital improvements (excluding liability management costs) contributing approximately $90 million.
Further reduction of operating costs and capital expenditures ahead of plan resulted in a cumulative reduction of operating expenses of approximately $200 million on an annualized basis, with capital expenditures down 90%, compared to second...
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30.01.26 - 14:03
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Wolfspeed Announces CFIUS Clearance and Completion of Equity Issuance to Renesas as Part of Court-Approved Restructuring (Business Wire)
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Final 2.0% Equity Recovery Shares to be Released to Pre-Petition Shareholders Following Regulatory Clearance
Renesas Executive to Join Wolfspeed Board of Directors as Part of Restructuring AgreementDURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc., a global leader in silicon carbide technology and production (the “Company” or “Wolfspeed”), today announced that the Committee on Foreign Investment in the United States (“CFIUS”) has formally cleared the Company's issuance of equity to Renesas Electronics America Inc. (“Renesas”), completing a key component of Wolfspeed's previously announced restructuring agreement with its lender group in support of its Chapter 11 process.
“CFIUS clearance represents the final milestone in the execution of our prepackaged restructuring,” said Wolfspeed CEO, Robert Feurle. “With this phase behind us, Wolfspeed is fully focused on broadening and diversifying our customer base, expanding our leadership in SiC power devices, and scaling with discipline acro...
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27.01.26 - 22:09
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Wolfspeed, Inc. Announces Date of Fiscal Second Quarter Earnings Call for February 4, 2026 (Business Wire)
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DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), the global leader in silicon carbide technology, will conduct a conference call and audio webcast to discuss its second quarter results on Wednesday, February 4, 2026, at 5:00 pm Eastern Standard Time. The call will be hosted by Robert Feurle, chief executive officer, and Gregor van Issum, chief financial officer.
A live webcast of the earnings conference call along with the earnings release will be available on Wolfspeed's Investor Relations website at https://investor.wolfspeed.com.
About Wolfspeed, Inc.
Wolfspeed (NYSE: WOLF) leads the market in the worldwide adoption of silicon carbide technologies that power the world's most disruptive innovations. As the pioneers of silicon carbide, and creators of the most advanced semiconductor technology on earth, we are committed to powering a better world for everyone. Through silicon carbide material, Power Modules, Discrete Power Devices and Power Die Products targeted for various applications, we...
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