What is Wolfspeed?
Wolfspeed, Inc., formerly known as Cree, is a leading developer of wide bandgap semiconductors, specializing in silicon carbide (SiC) and gallium nitride (GaN) materials and devices. Headquartered in Durham, North Carolina, the company's innovative solutions cater to critical applications in transportation, power supplies, power inverters, and wireless systems. Founded in 1987, Wolfspeed has established itself as a key player in enabling next-generation power and RF technologies.
How much funding has Wolfspeed raised?
Wolfspeed has raised a total of $2B across 4 funding rounds:
Unspecified
$30M
Stock Offering
$500M
Debt
$1.3B
Stock Offering
$200M
Unspecified (2013): $30M with participation from U.S. Department of Energy
Stock Issuance/Offering (2021): $500M, investors not publicly disclosed
Debt (2023): $1.3B supported by Apollo Global Management
Stock Issuance/Offering (2025): $200M, investors not publicly disclosed
Key Investors in Wolfspeed
U.S. Department of Energy
The U.S. Department of Energy is a government agency focused on advancing the national, economic, and energy security of the United States. Its involvement suggests a strategic alignment with national technological development goals.
Apollo Global Management
Apollo Global Management is a prominent alternative investment manager. Its participation in Wolfspeed's funding round indicates a strategic investment in a company with significant growth potential in advanced materials and technology.
What's next for Wolfspeed?
With its recent major strategic investment and substantial overall funding, Wolfspeed is poised for significant expansion and technological advancement. The company's focus on silicon carbide and gallium nitride positions it at the forefront of the electric vehicle, renewable energy, and advanced communications sectors. This strategic financing will likely fuel further research and development, enhance manufacturing capabilities, and support market penetration, solidifying Wolfspeed's leadership in high-performance semiconductor solutions.
See full Wolfspeed company page
