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2025 was a year of bold moves and breakthrough innovation at Wolfspeed! We strengthened our Senior Leadership Team with the addition of Robert Feurle, Gregor van Issum, David Emerson, and Matthias Buchner, bringing fresh expertise to guide our future. On the technology front, we continued to innovate. The launch of our Gen 4 silicon carbide MOSFETs sets new benchmarks for efficiency and performance across automotive, industrial, and grid applications. We also introduced our 200mm wafer portfolio, delivering scalability and reliability for next-generation power systems, and unveiled the YM4 1200V SiC six-pack modules, redefining performance for high-power inverters. Our customer wins reflect that impact: 🔹Hopewind selected Wolfspeed to advance wind energy with silicon carbide technology. 🔹Toyota chose Wolfspeed to enable highly reliable SiC components for its electric vehicle platforms. We also strengthened our financial and operational foundation, completing a strategic restructuring and securing nearly $700 million in IRS Section 48D proceeds. This financial boost empowers us to double down in our core markets and scale into emerging high-voltage verticals such as AI datacenters, energy storage and other key areas. As we move into 2026, we remain committed to driving innovation and sustainability across every sector we serve. Thank you to our...
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