Wolfspeed

Once known as Cree, Wolfspeed sold off its LED and lighting businesses to bet everything on silicon carbide, a wide-bandgap material that handles higher voltages and temperatures than ordinary silicon. Those properties make it valuable in electric-vehicle inverters, fast chargers, and industrial power supplies, where it cuts energy losses and shrinks components. Wolfspeed makes both the raw silicon carbide wafers and the finished power devices, and it has poured billions into new capacity, including a large wafer fab in New York, to get ahead of expected demand. That heavy spending is the crux of the investment case and the risk: the company committed enormous capital while EV adoption and prices proved bumpier than hoped, straining its balance sheet. Founded in 1987 and based in Durham, North Carolina, Wolfspeed is a pure-play bet on silicon carbide winning the power-electronics market.

On MyRWA, WOLF trades tokenized across 1 on-chain venue - see the listings below.