The ripple effects of Wolfspeed's crisis are acutely felt by Renesas, who in 2023 inked a 10-year SiC wafer supply agreement with Wolfspeed, accompanied by a US$2 billion prepayment.

From fiscal 2025 to fiscal 2027, analysts expect Wolfspeed's revenue to grow at a CAGR of 44% from $757 million to $1.57 billion as the SiC market warms up again.

That said, SiC’s technology and cost challenges leave Wolfspeed with gigantic task of turnaround in a market that demands high CapEx for future development. Editor’s Note Maurizio Di Paolo Emilio, ...

Also the SiC industry is forecast to grow from around $4 billion to $5 billion this year to over $11 billion by 2030. The SiC market's expansion provides a tailwind to Wolfspeed's sales growth.

From fiscal 2025 to fiscal 2027, analysts expect Wolfspeed's revenue to grow at a CAGR of 44% from $757 million to $1.57 billion as the SiC market warms up again.

Wolfspeed anticipates this SiC market growth will eventually deliver $3 billion in annual sales to the company. That's a dramatic increase from the $807.2 million made in its 2024 fiscal year ...

The global silicon carbide (SiC) supply chain is facing renewed turbulence, driven by weakening EV demand, aggressive market entry by Chinese suppliers, and mounting concerns over a potential ...

(NYSE: WOLF) today announced the appointment of Bret Zahn as Vice President and General Manager of their Automotive business as the company continues to enhance its leadership team amid its strategic ...

Wolfspeed anticipates this SiC market growth will eventually deliver $3 billion in annual sales to the company. That's a dramatic increase from the $807.2 million made in its 2024 fiscal year ...

Wolfspeed (WOLF -1.99%) and IonQ (IONQ 3.36%) aren't generally considered artificial intelligence (AI) stocks. Wolfspeed is a leading manufacturer of silicon carbide (SiC) chips, which are often ...