Movement Alert｜Wolfspeed Inc. Intraday Rise 8.13% in Regular Trading, Silicon Carbide Wafer Supply Deal With Infineon Expanded

Market Focus10-28 03:09

On October 28, Wolfspeed Inc. rose 8.13% in Regular Trading, trading around $25.3095 per share, with turnover of $36.6508 million.

The move followed disclosure that the company expanded and extended its silicon carbide wafer supply agreement with Infineon, adding 200-millimeter wafers to the existing 150-millimeter supply to support Infineon’s long-term silicon carbide demand.

Background context indicates the agreement broadens Wolfspeed Inc.’s exposure to end markets including electric vehicle charging, renewable energy, energy storage and AI data center power devices. Earlier this month, the company also disclosed a conditional loan commitment of up to $1.5 billion from the U.S. Department of Defense for domestic silicon carbide materials and power device expansion, reinforcing market expectations around capacity buildout and future demand conversion.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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