Wolfspeed Inc (WOLF) Options

We've seen the pump (of WOLF). Next, comes the dump and dump and dump.

WOLF stock price falling back into the gutter. The lower revenue for Q3 didn't help. The continued loss of over $282 million for the latest quarter is also showing operations are worse. I think WOLF will hit negative net tangible book value this month. It is going below 0. Then the debt holders will demand repayment, and default/bankruptcy coming within Q1 of 2025. Beware.

Up > 20% today. Anyone know why?

WOLF's net tangible assets around zero and going below. The company is losing $700 million per year, and now who is going to turn out the lights?

Yes in and out a few times here

wow $17's I sold early once again

https://x.com/READY_2_PROFIT/status/1846910635029799083

oh wells

$14.24 +26% We howling today .Chips made millionaires Wolfspeed Announces $750M in Proposed Funding from U.S. CHIPS Act and Additional $750M From Investment Group Led By Apollo, Galvanizing Global Leadership in Delivering Next-Generation Silicon Carbide Technology

Source: Business Wire
Highlights:

U.S. Department of Commerce proposes $750 Million in CHIPS and Science Act funding to support Wolfspeed’s North Carolina expansion and catalyze New York expansion
Company secures an additional $750 Million in financing from investment group led by Apollo, The Baupost Group, Fidelity Management & Research Company and the Capital Group
Company also expects to receive approximately $1 Billion in Section 48D cash tax refunds from IRS over the next several years
A total of $2.5 Billion in expected capital will help ensure a clear path to profitability while maintaining critical investments in next-generation technology to support production of silicon carbide
Today, the U.S. Department of Commerce and Wolfspeed (NYSE: WOLF) announced they have signed a non-binding preliminary memorandum of terms (PMT) for up to $750 million in proposed direct funding under the CHIPS and Science Act. In addition, a consortium of investment funds led by Apollo, The Baupost Group, Fidelity Management & Research Company and Capital Group have agreed to provide Wolfspeed an additional $750 million of new financing. Together these investments support Wolfspeed’s long-term growth plans and bolster domestic production of silicon carbide to power clean energy systems underpinning electric vehicles (EVs), artificial intelligence (AI) data centers, battery storage and more. In addition, Wolfspeed expects to receive $1 billion of cash tax refunds from the advanced manufacturing tax credit under the CHIPS and Science Act (section 48D), giving the company, in total, access to up to $2.5 billion of expected capital to support the expansion of silicon carbide manufacturing in the United States.

Wolfspeed is the world’s largest producer of silicon carbide technology, pioneering the technology more than 35 years ago on the campus of North Carolina State University. Since that time, Wolfspeed has become the global leader in silicon carbide technology, one of the fastest growing components of the broader semiconductor industry.

Silicon carbide is a superior alternative to silicon for high power applications – such as EV powertrains, e-mobility, renewable energy systems, battery energy storage systems, and AI and cryptocurrency data centers – that unlocks improved performance and lower system costs.
Notably, the importance of bolstering the domestic production of silicon carbide has been recognized across multiple federal agencies; the Department of Energy denoted it as one of 17 “critical materials” with a high risk of supply disruption that are integral to clean energy technologies, while the Department of Commerce recognizes silicon carbide semiconductors as important to national security.
As the U.S. and the world pursue more efficient and environmentally friendly solutions to meet the world’s ever-increasing need for high-voltage energy products, it is crucial that the U.S. continue to make strategic investments to cement its technological leadership position, while continuing to spur American innovation in critical technologies.
Wolfspeed CEO, Gregg Lowe, said, “To reach this milestone under the U.S. CHIPS and Science Act is an incredible achievement in Wolfspeed’s long-term growth strategy, and we believe today’s announcement is a testament to the market-leading quality of Wolfspeed products and significance of Wolfspeed to broader U.S. economic and national security interests. This support galvanizes our ability to expand domestic manufacturing, accelerate innovation in next-generation semiconductor technology, and meet the increasing global demand for silicon carbide. As a key player in the semiconductor industry, this proposed investment will enable us to solidify our leadership position with a first-of-its-kind 200mm silicon carbide manufacturing footprint in upstate New York and central North Carolina, while contributing to the resilience and competitiveness of the U.S. supply chain. It’s not just about growth for Wolfspeed—it’s about driving technological advancement that powers the future.

“Silicon carbide is already enabling superior energy efficiency across mission-critical industries of the future like electric vehicles, e-mobility, solar and wind energy, industrial power applications, and AI data centers. While EVs have been the driver of silicon carbide adoption thus far, we believe the use cases for our technology are expansive and will only continue to grow as more and more industries find themselves needing to solve for the same power loss, system size, and system cost challenges as automakers,” concluded Lowe.

“Artificial intelligence, electric vehicles, and clean energy are all technologies that will define the 21st century, and thanks to proposed investments in companies like Wolfspeed, the Biden-Harris Administration is taking a meaningful step towards reigniting U.S. manufacturing of the chips that underpin these important technologies,” said U.S. Secretary of Commerce Gina Raimondo. “Because of the Biden-Harris Administration’s CHIPS and Science Act, the United States is building and fortifying our semiconductor manufacturing capabilities to serve our economic and national security interests while creating jobs and economic opportunities for communities across the country.”

“Wolfspeed is leading the pack in bringing semiconductor manufacturing back to America. This major multibillion dollar investment powered by my CHIPS & Science Law will accelerate the ongoing expansion in the Mohawk Valley, helping speed up hiring of hundreds of new good-paying jobs that Wolfspeed is creating in the Mohawk Valley and providing long term work for the Marcy fab to succeed well into the future, further establishing Upstate NY as a global hub for chip manufacturing,” said Senator Chuck Schumer. “From electric vehicles to artificial intelligence, this critical technology relies on the silicon carbide chips that Wolfspeed will manufacture and perfect in the Mohawk Valley. Today’s massive investment will make America’s economy and our national security stronger as Wolfspeed helps us write the next chapter of America’s resurgence as the leader in the semiconductor industry, with the Mohawk Valley as the beating heart.”

“Wolfspeed is a homegrown semiconductor innovator and manufacturer creating great jobs in North Carolina, and it’s important they received this major grant under the CHIPS and Science Act,” said North Carolina Governor Roy Cooper. “Thanks to this landmark legislation from the Biden-Harris Administration and our great workforce, we will continue to see good paying jobs coming to North Carolina.”

“This $750 million federal investment is a testament to Wolfspeed’s unique leadership in silicon carbide semiconductor manufacturing, and I applaud Wolfspeed’s continued commitment to North Carolina,” said Senator Thom Tillis. “I was proud to vote for the CHIPS and Science Act to provide the funding for this investment in North Carolina and to support our economic and national security.”

“North Carolina continues to be a leader in cutting-edge manufacturing that is vital to our country’s national and economic security,” said Senator Ted Budd. “This new Wolfspeed site in Siler City will bring good-paying jobs to the area and is an important first step in making sure America has secure supply chains for critical semi-conductors.”

“We are pleased to expand our investment in Wolfspeed by providing additional capital in support of the company’s build out of its leading silicon carbide capabilities,” said Apollo Partner Joseph Jackson. “We believe Wolfspeed is at the forefront of a critical transformation in sustainable transportation and ensuring that the company has durable capital access to complete its expansion plans will help solidify its leadership in this space. Along with our lending consortium, which includes multiple funds that also own substantial equity stakes in the company, we believe this strategic investment will drive significant long-term value while advancing key tenets of the CHIPS and Science Act.”

These proposed funds, which are expected to be received upon milestone achievements in the coming years, would enable Wolfspeed to complete its multi-billion-dollar greenfield U.S. capacity expansion plan, which consists of the largest and most advanced 200mm silicon carbide footprint in the world. In addition to the proposed direct funding, Wolfspeed intends to benefit from the U.S. Treasury Department Investment Tax Credit of up to 25% of the qualified capital expenditures primarily related to its construction and installation of equipment at The John Palmour Manufacturing Center for Silicon Carbide in Siler City, NC and completion of the Mohawk Valley Fab M-Line West Expansion in Utica, NY.

This multi-billion-dollar investment will bolster Wolfspeed’s balance sheet and will help to fuel significant growth through cash generation and accelerate its long-term profitability goals.

Summary of the PMT

The PMT outlines key terms for a CHIPS incentive award, including the proposed amount and form of the award, and provides that the disbursement of funds will be conditioned upon the achievement of certain operational and construction milestones and other requirements.

The PMT includes an obligation for Wolfspeed to raise an aggregate of $750 million in debt financing over three tranches through the issuance of senior notes under an amended and restated indenture. Wolfspeed and its lenders, led by Apollo funds, have reached an agreement for this additional financing, including $250 million to be available within 10 business days, and have agreed to certain intercreditor terms with the CHIPS Program Office as described in the PMT.

Together, the PMT and the agreement with lenders also requires:

Wolfspeed to undertake further actions with respect to its capital structure, including (a) restructuring or refinancing its outstanding 2026, 2028 and 2029 convertible notes at specified intervals prior to their respective maturity dates, (b) deferring a total of $120 million in cash interest payments due prior to June 30, 2025 under an unsecured customer refundable deposit agreement, and (c) raising up to $300 million of additional capital from non-debt sources over the next 12 months.
In addition, Wolfspeed has agreed with its lenders to certain revisions in the terms of the senior notes, including revisions to the interest rate applicable to the senior notes, as described in the Form 8-K filed today with Securities and Exchange Commission (SEC).
The PMT provides that the award is subject to due diligence and the negotiation and signing of a definitive direct funding agreement with the Department of Commerce and the negotiation and signing of an intercreditor agreement between the Department of Commerce and the Company’s lenders, which may contain different or additional conditions not contained in the PMT. Additional terms of the PMT were not disclosed.

Wolfspeed Webcast

Wolfspeed will host a webcast call at 8:00 a.m. Eastern time today to review the highlights from today’s announcements. The webcast will be available to the public through a live audio web broadcast via the Internet. For webcast details, visit Wolfspeed's website at investor.wolfspeed.com/events.cfm.

Nice recovery today.

WOLF new 52 week low

WOLF new 52=low

Why is Wolfspeed going down? WOLF tangible book value went from $1.230 billion to now only $0.640 billion. Revenues are not growing, and net loss is growing bigger. WOLF is now losing $150 million per quarter and the economy is turning sour.

WOLF new 52 lo

WOLF new 52 week low

Here’s why

Kerplunk!

https://www.otcmarkets.com/stock/WOLF

https://www.otcmarkets.com/stock/WOLF

https://www.otcmarkets.com/stock/WOLF

Will we see any follow through on WOLF's recent price rally?

Best wishes,
OAG

[-chart]www.stockscores.com/chart.asp?TickerSymbol=WOLF&TimeRange=1825&Interval=w&Volume=1&ChartType=CandleStick&Stockscores=1&ChartWidth=1100&ChartHeight=480&LogScale=&Band=&avgType1=&movAvg1=&avgType2=&movAvg2=&Indicator1=None&Indicator2=None&Indicator3=None&Indicator4=None&endDate=&CompareWith=&entryPrice=&stopLossPrice=&candles=redgreen[/chart]

WOLF Wolfspeed Inc 37.595
-1.445 (-3.70%)
Volume: 714,080
Day Range: 37.44 - 39.49
Last Trade Time: 11:41:01 AM EDT

https://www.otcmarkets.com/stock/WOLF

interesting company, $WOLF

Form 4 - Statement of changes in beneficial ownership of securities
09/20/2023 08:27:23 AM
Form ARS - Annual Report to Security Holders
09/11/2023 04:29:47 PM
Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material
09/08/2023 04:39:58 PM

WOLF
Wolfspeed Inc
40.66
-0.31 (-0.76%)
Volume: 476,170
Day Range: 40.33 - 41.47
Last Trade Time: 11:38:44 AM EDT

did this company have anything to do with $CYBL or $ILUS ????? anyone ?????

A step up to 800V charging and motors by Bosch. This might help WOLF indirectly.
https://chargedevs.com/newswire/bosch-starts-production-of-800-v-motors-and-inverters-for-evs/

OAG

Wolfspeed (NYSE:WOLF) – Shares fell 14.2% premarket after the release of Wolfspeed’s fiscal fourth quarter earnings report, which disappointed the market. The company reported an adjusted loss of 42 cents per share, versus analysts’ expectations for a loss of 20 cents per share. Despite that, Wolfspeed had revenue of $236 million, beating analysts’ projection of $223 million, according to Refinitiv data.

Glad I bailed last pop..6 downgrades this morning.. OUCHIE...

Keep forgetting to bail on any run..

LET'S GOOOOOO!! WOLF$...

Hi P,
Almost 20% of WOLF's stock float is currently shorted. That's a bunch.
Best wishes,
OAG

Hi P,
Almost 20% of WOLF's stock float is currently shorted. That's a bunch.
Best wishes,
OAG

What a disaster here, holding...

increased the position this morning by 50%. Not looking a gift horse in the mouth. Thanks SVB!

I took out a robust position today after waiting almost a year. I had a few hundred shares from last week, but committed today. That was a nice sell off . Should be a productive few years .

https://www.wunc.org/business-economy/2023-03-08/wolfspeed-siler-city-plant-surge-electric-vehicles

It appears there are plenty "Scared" around today!
OAG

Wow, looks like you'll get it ... WOLF$...

Buy from the Scared; Sell to the Greedy.....

I still need an additional 12% discount before I add to my holding.
OAG

WOLF$ .. $66.6 .. buy buy buy ....

Wolfspeed Silicon Carbide Devices Power Future Mercedes-Benz Electric Vehicle Platforms
January 04 2023 - 08:00AM
Business Wire
Alert
Print
Share On Facebook
Silicon Carbide can deliver longer driving range and shorter charging times for EVs, an important factor in consumer adoption

Wolfspeed, Inc. (NYSE: WOLF) today announced the company will be supplying Silicon Carbide devices to power future Mercedes-Benz® Electric Vehicle (EV) platforms, enabling greater efficiency in the powertrain. Wolfspeed’s semiconductors will be incorporated into next generation powertrain systems for several Mercedes-Benz vehicle lines.

“Coming from a long-term technical collaboration history between our companies, we have now chosen Wolfspeed as one of our key partners for future Silicon Carbide devices, thus securing preferred long-term supply, technology and quality of this decisive semiconductor component for our electrification offensive,” said Dr. Gunnar Güthenke, Head of Procurement and Supplier Quality for Mercedes-Benz.

As a leader in luxury vehicles, Mercedes-Benz understands the need for superior performance. By leveraging Wolfspeed’s expertise and Silicon Carbide devices to improve vehicle range and power, Mercedes-Benz plans to have some of the most efficient EVs on the road.

“We are pleased to be supporting Mercedes-Benz, an organization with a long, successful history of providing world-class performance and luxury vehicles, as they introduce next-generation EVs to the market with highly efficient power systems,” said Gregg Lowe, CEO of Wolfspeed. “We are continuing to invest in our manufacturing capacity to support a steepening demand curve for Silicon Carbide devices that will not only improve EV performance and drive greater consumer adoption, but also support the sustainability efforts of global automotive leaders like Mercedes-Benz.”

The Silicon Carbide power devices for Mercedes-Benz will be produced at Wolfspeed’s facilities in Durham, North Carolina and its new 200mm Mohawk Valley Fab in Marcy, New York. This Mohawk Valley Fab is the world’s largest Silicon Carbide fabrication facility and is dramatically expanding Wolfspeed’s production capacity. Earlier this year Wolfspeed also announced it was beginning construction on a new Silicon Carbide materials facility in North Carolina, which will expand its Silicon Carbide capacity by more than 10x.

About Wolfspeed, Inc.:

Wolfspeed (NYSE: WOLF) leads the market in the worldwide adoption of Silicon Carbide and GaN technologies. We provide industry-leading solutions for efficient energy consumption and a sustainable future. Wolfspeed’s product families include Silicon Carbide materials, power devices and RF devices targeted for various applications such as electric vehicles, fast charging, 5G, renewable energy and storage, and aerospace and defense. We unleash the power of possibilities through hard work, collaboration and a passion for innovation. Learn more at www.wolfspeed.com.

I had fun creating many iboxes..then thrown out later for lack of participation. Many gone on to many bags and fame FVAC/MP ie, now taken over by newcomers. Previously non-existent on ihub now alive with awesome story with pictures, links, multiple examples, ..gone.

I think if you created the ibox/posting link here and did a great job you should be head moderator forever, unless you decline or did some bad thing other than fail to post 25 times a day terrible imo.


I've been lucky trading this, WOLF$..

earnings tomorrow, gl...

Wolfspeed, Inc. to Report Second Quarter Fiscal 2023 Earnings on January 25, 2023
8:00 am ET January 18, 2023

Wolfspeed, Inc. (NYSE: WOLF), the global leader in Silicon Carbide technology, will conduct a conference call and audio webcast to discuss its second quarter fiscal 2023 results and business outlook on January 25, 2023, at 5:00 p.m. Eastern Time.

After the close of the market on January 25, and prior to the conference call, Wolfspeed will issue a copy of the earnings press release via Business Wire. The press release may also be viewed on Wolfspeed's website at http://www.wolfspeed.com/.

To listen to a live webcast of the call, simply go to Events & Presentations - Wolfspeed, Inc. and follow the login instructions. The recorded webcast will also be available at the site for replay.

About Wolfspeed, Inc.:

Wolfspeed (NYSE: WOLF) leads the market in the worldwide adoption of Silicon Carbide and GaN technologies. We provide industry-leading solutions for efficient energy consumption and a sustainable future. Wolfspeed's product families include Silicon Carbide materials, power devices and RF devices targeted for various applications such as electric vehicles, fast charging, 5G, renewable energy and storage, and aerospace and defense. We unleash the power of possibilities through hard work, collaboration and a passion for innovation. Learn more at www.wolfspeed.com.

Wolfspeed(R) is a registered trademark of Wolfspeed, Inc.

Twitter: @Wolfspeed LinkedIn: @Wolfspeed

View source version on businesswire.com: https://www.businesswire.com/news/home/20230118005189/en/

SOURCE: Wolfspeed, Inc.



Media Relations:
Melinda Walker
Director, Corporate Communications
818-261-4585
Media@wolfspeed.com

Investor Relations:
Tyler Gronbach
VP, Investor Relations
919-407-4820
investorrelations@wolfspeed.com

Checking on WOLF's short interest I find it's now at 18%. That's up substantially from the ~10% last August.

I see the stock trading favoring "accumulation" right now:



Best wishes,
OAG

I was moderator for a short time here and got the ticker changed. I never did fill in the info on Wolfspeed, however. Apparently I didn't post often enough to maintain my Moderator status.

Here's what should be in the header here:

Wolfspeed, Inc. (formerly Cree Inc.) went
public in February of 1993 with the sale of
1.6 million shares at $2.06 each (adj. for all
splits) by Paulson Investment Company.
Wolfspeed had two subsequent public offerings.
Its principal products were light emitting diodes
(LEDs) and wide bandgap semiconductors
until the company sold off the
LED Products business in spring of 2021.

....and
BUSINESS: Wolfspeed, Inc. is an innovator of wide bandgap semiconductors, focused
on Silicon Carbide and gallium nitride (GaN) materials for power and radio-frequency (RF)
applications. Its products and devices are used in electric vehicles, motor drives, solar
and transportation applications, as well as in military communications. Its backlog at June
26, 2022 was approximately $2.2 billion.

The backlog contained $20 million of research contracts signed with the US Government.
The company divested its LED Products business in 2021. Has about 4,017 employees.

President & Chief Executive Officer: Gregg Lowe. Incorporated: North Carolina.
Address:
4600 Silicon Drive, Durham, NC. 27703.
Telephone: (919) 407-5300.
Internet: www.wolfspeed.com

Maybe we can get these posted to the subject header.

Best wishes,
OAG Tom

Thanks admin, now WOLF in search comes here ...

Wolfspeed Silicon Carbide Devices Power Future Mercedes-Benz Electric Vehicle Platforms

https://ih.advfn.com/stock-market/NYSE/wolfspeed-WOLF/stock-news/89905098/wolfspeed-silicon-carbide-devices-power-future-mer

..sold $93s..back in $67s, go over $100 imo.. WOLF$...

...let's G000000 !!! .. WOLF$ ...