Wolfspeed Rockets 16% as Company Officially Rolls Out 200mm Silicon Carbide Portfolio

Wolfspeed shares jumped nearly 16% on Tuesday as the silicon carbide company officially rolled out its portfolio of 200mm silicon carbide products.

Announced last week, the 200mm silicon carbide wafers have a wide range of end uses, including power electronics, electric vehicles, renewable energy, industrial and data centers.

News of the official roll-out was first reported by TrendForce.

“Wolfspeed's 200mm SiC wafers are more than an expansion of wafer diameter – it represents a materials innovation that empowers our customers to accelerate their device roadmaps with confidence,” said Wolfspeed Chief Business Officer Cengiz Balkas at the time. “By delivering quality at scale, Wolfspeed is enabling power electronics manufacturers to meet growing demand for higher-performing, more efficient silicon carbide solutions.”

Durham, N.C.-based Wolfspeed is currently going through a company restructuring after it received court approval to do so earlier this month.