Wolfspeed Announces Key Milestones And Operational Update; Mohawk Valley 200mm Silicon Carbide Fab Reaches 20% Utilization, Achieves LEED Certification

Mohawk Valley 200mm Silicon Carbide Fab Reaches 20% Utilization, Achieves LEED Certification

John Palmour Manufacturing Center Achieves Successful Activation of Initial Furnaces

Company Expects Temporary Impact from Equipment Incident at Durham 150mm Device Fab

Wolfspeed, Inc. (NYSE:WOLF), the global leader in silicon carbide technology, today provided an update on key milestones and an operational update.

Wolfspeed's Mohawk Valley silicon carbide fab has reached 20% wafer start utilization, a critical step in the Company's efforts to meet the growing demand for silicon carbide power devices. Additionally, Wolfspeed's Building 10 Materials facility has achieved its 200mm wafer production target to support approximately 25% wafer start utilization at the Mohawk Valley fab by the end of calendar year 2024. Wolfspeed plans to update the market on its next utilization milestone for Mohawk Valley during its fiscal Q4 2024 earnings call in August.