Movement Alert|Wolfspeed Inc. Rises 8.73% in Pre-Market Trading, SiC Industry Demand Surge and GE Aerospace Partnership Sustain Rally

Market Focus08-06 20:01

On August 6, Wolfspeed Inc. rose 8.73% in pre-market trading, trading at approximately $26.06 per share with turnover of $116,800, extending the stock's consecutive upward momentum in recent sessions.

On the news front, multiple tailwinds in the silicon carbide (SiC) industry continue to resonate. The company previously signed a memorandum of understanding with GE Aerospace to support the adoption of high-voltage SiC technology across industrial, aerospace, and defense markets. The collaboration includes developing standards for high-voltage SiC power modules and supplying Wolfspeed's 10-kilovolt SiC MOSFET die for commercial use, targeting applications such as 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, providing fundamental support for the demand outlook. Additionally, the company appointed semiconductor veteran Andy W. Mattes to its board in late July, strengthening strategic governance capabilities.

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