Infineon and Wolfspeed Expand and Extend Long-Term Silicon Carbide Wafer Supply Agreement to Include 200 mm

Infineon and Wolfspeed Expand and Extend Long-Term Silicon Carbide Wafer Supply Agreement to Include 200 mm

Wolfspeed, Inc (NYSE: WOLF), a global leader in silicon carbide technology, and Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) today announced the expansion and extension of their existing long-term silicon carbide (SiC) wafer supply agreement. The expanded agreement adds 200 mm silicon carbide wafers to the existing 150 mm supply and builds on a supply relationship between the two companies spanning more than 20 years. With this agreement, Wolfspeed strengthens its position as a leading Western manufacturer in the SiC market.

“The strong relationship between Wolfspeed and Infineon has paved the way for this expanded and extended agreement,” said Robert Feurle, CEO of Wolfspeed. “As a pioneer in silicon carbide, Wolfspeed’s technology and materials have helped enable the industry’s growth. The addition of 200 mm wafers builds on that foundation as we continue to support Infineon’s long-term silicon carbide needs.”

The global silicon carbide power device market is expected to more than triple from $3.4 billion in 2024 to $11.1 billion by 2031, according to the Yole Power SiC 2026 – Markets and Applications report. Growth is being driven by increasing adoption across industrial and energy markets, including EV charging, renewable energy, energy storage and AI data centers.

The adoption of silicon carbide-based power solutions continues to grow across multiple markets. Silicon carbide enables smaller, lighter and more cost-effective designs while converting energy more efficiently. As demand increases, access to high-quality silicon carbide substrates remains an important part of supporting the growing use of silicon carbide power solutions.

About Wolfspeed, Inc.

Wolfspeed (NYSE: WOLF) leads the market in the worldwide adoption of silicon carbide technologies that power the world’s most disruptive innovations. As the pioneers of silicon carbide, and creators of the most advanced semiconductor technology on earth, we are committed to powering a better world for everyone. Through silicon carbide material, Power Modules, Discrete Power Devices and Power Die Products targeted for various applications, we will bring you The Power to Make It Real™. Learn more at wolfspeed.com.

Wolfspeed® is a registered trademark and The Power to Make It Real™ is a trademark of Wolfspeed, Inc.

Forward-Looking Statements

This press release contains forward-looking statements involving risks and uncertainties, both known and unknown, that may cause Wolfspeed’s actual results to differ materially from those indicated in the forward-looking statements. Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about Wolfspeed’s strategic plans, priorities, growth opportunities, and ability to achieve profitability. Actual results could differ materially due to factors detailed in Wolfspeed’s filings with the U.S. Securities and Exchange Commission (“SEC”), including its most recent Annual Report on Form 10-K and subsequent SEC filings. These forward-looking statements represent Wolfspeed’s judgment as of the date of this release. Except as required under U.S. federal securities laws, Wolfspeed disclaims any intent or obligation to update any forward-looking statements after the date of this release.

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