On August 4, Wolfspeed Inc. rose 8.01% in pre-market trading, trading at $26.3/share, with turnover of $2.6462 million, extending gains from the previous session.
On the news front, the silicon carbide industry continues to see multiple positive catalysts. The company previously signed a memorandum of understanding with GE Aerospace to support the adoption of high-voltage silicon carbide technology across industrial, aerospace, and defense markets. The two companies plan to develop standards for high-voltage SiC power modules and collaborate on the supply of Wolfspeed's 10-kilovolt silicon carbide MOSFET die for commercial use, targeting applications including solid-state transformers, industrial electrification systems, and aerospace and defense platforms.
At the industry level, multiple SiC manufacturers have disclosed first-half orders growing several times year-over-year, with sustained demand expansion providing fundamental support for the company. Additionally, the company appointed semiconductor veteran Andy W. Mattes to its board in late July, strengthening strategic governance capabilities.
(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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