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The Wide Bandgap Chips — Silicon Carbide & Aluminum · The Rocks & Powders — Critical Materials

WOLF

Wolfspeed Inc.
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Largest pure-play SiC substrate & device maker — restructuring play

What they do

Once the darling of SiC, now a restructuring penny stock . Operates the largest 200mm SiC substrate fab on Earth (Mohawk Valley, NY). Pivoted out of LED business to focus on power devices for EVs + industrial. Filed Chapter 11 in mid-2025 and emerged restructured. The asset is real and strategic; the equity is highly speculative .