24/7 Market News Snapshot 29 September, 2025 – Wolfspeed, Inc. (NYSE:WOLF)

September 29, 2025

DENVER, Colo., 29 September, 2025 (www.247marketnews.com) – (NYSE:WOLF) are discussed in this article.
Wolfspeed, Inc., a recognized leader in silicon carbide technology, has experienced a significant surge in its stock, with shares soaring by over 1843% after opening at an impressive $3.932. Currently trading at $23.515, the surge is marked by a trading volume of 23.51 million shares, reflecting robust investor confidence and market enthusiasm. Analysts are closely monitoring this bullish trend as Wolfspeed positions itself as a key player within the semiconductor sector.

The recent spike in stock value coincides with strategic developments at the corporate level, as the company announces substantial changes to its Board of Directors following the successful completion of its Chapter 11 restructuring process. Effective immediately, Anthony M. Abate has assumed the role of Chairman of the Board, stepping in for Tom Werner. The board now welcomes new members Mike Bokan, Eric Musser, Hong Q. Hou, and, pending regulatory approvals, Aris Bolisay. This new board composition brings a wealth of experience in semiconductor technologies, finance, and operational management, poised to guide the company in its strategic initiatives.

Robert Feurle, CEO of Wolfspeed, emphasized the significance of these appointments, stating that their leadership is crucial for advancing the company’s ambitions within the global silicon carbide market. As Wolfspeed bids farewell to several long-serving board members, including Tom Werner and Glenda Dorchak, the company expresses gratitude for their contributions during a transformative period in its history.

With a renewed leadership team, Wolfspeed is committed to leveraging its innovations in silicon carbide technology to meet the demands of an evolving market. The company is focused on driving growth and enhancing stakeholder value, aiming to empower advancements across various applications as it moves into this promising new chapter.

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