Wolfspeed Announces Second Quarter Fiscal 2024 Results

Wolfspeed released its second quarter performance report for fiscal year 2024 (October to December 2023) on January 31. The report showed that the company's revenue in the quarter reached RMB 1.48 billion, a year-on-year increase of nearly 20%. Among them, SiC material revenue was approximately RMB 720 million and device revenue was approximately RMB 770 million. In addition, the company also revealed the latest situation of SiC production capacity and plans for the next quarter.