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Wolfspeed Secures $192M in Tax Refunds, Reaffirms Fiscal Outlook
Wolfspeed, a Durham-based leader in silicon carbide technology, has received $192.1 million in cash tax refunds through the federal advanced manufacturing tax credit under Section 48D. The refund includes $186.5 million owed for fiscal years 2023 and 2024, along with accrued interest. This refund is part of the approximately $1 billion in total Section 48D…
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Wolfspeed Unveils Silicon Carbide Module to Boost Clean Energy
Durham-based Wolfspeed, Inc., has introduced a silicon carbide power module aimed at improving efficiency in renewable energy, energy storage, and high-capacity fast-charging infrastructure. The 2300V baseplate-less modules, designed for 1500V DC bus applications, use Wolfspeed’s 200mm silicon carbide wafers. Wolfspeed also announced a partnership with EPC Power, a North American utility-scale inverter manufacturer. EPC Power…
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