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David Eastwood 2025-08-14 04:20:51 +03:00
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<br>Wolfspeed, Inc. is an American developer and producer of broad-bandgap semiconductors, targeted on silicon carbide and gallium nitride materials and devices for [reduce energy consumption](https://rentry.co/42387-ecolight-led-bulbs-the-future-of-energy-efficient-lighting) and radio frequency purposes akin to transportation, power supplies, energy inverters, and [reduce energy consumption](http://www.vokipedia.de/index.php?title=Advantages_Of_LED_Lights_In_India) wireless systems. Cree Research was based in July 1987 in Durham, North Carolina. 5 of the six founders - Neal Hunter, Thomas Coleman, John Edmond, Eric Hunter, John Palmour, and [EcoLight outdoor](http://inprokorea.com/bbs/board.php?bo_table=free&wr_id=2150274) Calvin Carter - are graduates of North Carolina State University. In 1983, the founders - one a research assistant professor and the others scholar researchers - were searching for ways to leverage the properties of silicon carbide to enable semiconductors to function at greater working temperatures and power ranges. In addition they knew silicon carbide might serve as the diode in gentle-emitting diode (LED) lighting, a mild supply first demonstrated in 1907 with an electrically charged diode of silicon carbide. The analysis staff devised a solution to develop silicon crystals in the laboratory, [reduce energy consumption](https://iuridictum.pecina.cz/w/U%C5%BEivatel:Eloise5595) and in 1987 founded the company to supply silicon carbide to be used commercially in both semiconductors and lighting.<br>
<br>In 1989, the company introduced the primary blue LED, enabling the event of giant, full-shade video screens and billboards. In 1991, the company released the first business silicon carbide wafer. In 1993, the corporate became a public company through an initial public providing. In 2011, the corporate acquired Ruud Lighting for $525 million. In August 2011, the company introduced the XLamp XT-E Royal Blue LED for use in distant phosphor lighting. In 2013, [reduce energy consumption](https://ctpedia.org/index.php/That_Helps_Bring_Production_Costs_Down) the corporate's first consumer products, two household LED bulbs, certified for Power Star rating by the United States Environmental Protection Agency. In July 2016, Infineon Technologies agreed to accumulate the corporate's Wolfspeed RF and energy electronics units unit for $850 million. Nevertheless, the deal was terminated in February 2017 as a consequence of regulators’ national security considerations. In March 2018, the company acquired the RF Power Business Infineon Technologies AG's for €345 million. In May 2019, the company offered its Lighting Products division (now branded as Cree Lighting) to Preferrred Industries.<br>
<br>In September 2019, the company introduced a $1 billion investment in a semiconductor manufacturing plant in Marcy, New York to build the world’s largest silicon carbide fabrication facility with a $500 million grant from New York State. In March 2021, the corporate bought its LED Business to Smart International Holdings for up to $300 million. In October 2021, the company changed its name to Wolfspeed. In April 2022, the Marcy, New York, facility opened. In November 2022, the corporate announced that co-founder and Chief Technology Officer John Palmour had died. In February 2023 it introduced it might construct its first European manufacturing facility in Germany. It's speculated to be on the site of a former coal plant in Ensdorf, Saarland with ZF Friedrichshafen as a coinvestor and subsidized by the EU as an important project of widespread European curiosity (IPCEI) for Microelectronics and Communication Technologies. In August 2023, it was announced the Lowell-headquartered semiconductor firm, MACOM had entered into a definitive settlement to acquire Wolfspeed's RF enterprise.<br>
<br>In June 2024, Wolfspeed has delayed its $3 billion semiconductor plant in Germany to mid-2025, reflecting the EU's challenges in boosting local chip production. Wolfspeed introduced the mission's indefinite hold in October 2024, citing low demand. Because of this, ZF ceased to participate within the mission. In October 2024, the Biden Administration announced that it would offer Wolfspeed with as much as $750 million in direct funding to assist the corporate's new silicon carbide manufacturing facility in North Carolina that makes the wafers utilized in advanced pc chips and its manufacturing facility in Marcy, New York. On May 20, 2025, it was reported that Wolfspeed was getting ready to file for [reduce energy consumption](http://wikimi.de/doku.php/has_television_modified_individuals_s_elationship_expectations) Chapter eleven bankruptcy within the coming weeks after warning that it may be unable to continue future operations after lower than expected annual sales have been reported. Wolfspeed's inventory slid to barely over a greenback per share that day. On June 18, 2025, Wolfspeed announced that they'd promote itself to Apollo International Management in a deal that would put the company into a prepackaged Chapter eleven bankruptcy filing, which would enable for the elimination of the majority of its multi-billion greenback debt.<br>
<br>Wolfspeed entered right into a restructuring assist agreement with its lenders and [EcoLight](https://hwekimchi.gabia.io/bbs/board.php?bo_table=free&tbl=&wr_id=896492) Renesas Electronics, and introduced that they might file for prepackaged Chapter eleven bankruptcy by July 1, as part of a plan to remove $4.6 billion of debt, stating they solely had about $1.1 billion left in money. The company may also obtain $275 million in financing backed by its lenders, with plans to complete restructuring by Q3 2025. After the announcement, Wolfspeed's inventory fell 30%, [EcoLight](https://git.shaunmcpeck.com/molliev9709973) sliding under $1 per share. On June 26, 2025, Wolfspeed started laying off staff from their manufacturing facility located in Racine, Wisconsin. On June 30, 2025, Wolfspeed filed for Chapter 11 bankruptcy protection. On October 13, 2022, a services electrician was electrocuted at the Wolfspeed Analysis Triangle Park in Durham, North Carolina. The incident sparked a state investigation into his demise in addition to public concern for the company's poor work security document. State Department of Labor investigations into the corporate have uncovered 17 workplace safety violations between 2012 and 2023, including six serious violations.<br>