Mohawk Valley Revenue Growth
Mohawk Valley posted $78 million in revenue, showing a sequential growth of 50% and a year-over-year increase of over 175%.
Silicon Carbide Technology Leadership
Wolfspeed's silicon carbide technology is described as second to none, with a fully automated 200-millimeter manufacturing footprint established.
Capital Structure Improvements
Received approximately $192 million in cash tax refunds from the Section 48D Advanced Manufacturing Tax Credit, boosting liquidity.
Operational Restructuring
Significant cost-saving measures and a 30% reduction in senior leadership team to optimize operations and improve profitability.