Movement Alert｜Wolfspeed Inc. Falls 8.01% in Regular Trading, Shares Weaken After Expanded Infineon Silicon Carbide Supply Deal

Market Focus10-17

On October 17, Wolfspeed Inc. fell 8.01% in Regular Trading, trading at $23.855 per share, with turnover of $43.1973 million.

The move followed the company’s announcement that it expanded and extended its silicon carbide wafer supply agreement with Infineon Technologies, adding 200-millimeter wafers to the existing 150-millimeter wafer supply.

The agreement is aimed at supporting Infineon’s long-term silicon carbide demand across electric vehicle charging, renewable energy, energy storage, and AI data center power applications. However, financial terms were not disclosed. While the deal underscores Wolfspeed Inc.’s position in wide-bandgap semiconductor materials, investors remain focused on order conversion, margin recovery, and cash-flow pressure. The company’s latest reported quarter on August 19 showed continued operating losses, with EPS of negative 2.44.

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