Wolfspeed is a structurally broken story: the Mohawk Valley fab ramp is consuming cash at unsustainable rates while EV SiC demand softens and Chinese suppliers flood the market. The CHIPS Act funding remains conditional and balance sheet stress is acute with debt maturities approaching. Customer LTSAs are being deferred or renegotiated. Bankruptcy risk is not zero.
Thesis reviewed May 29, 2026
Wolfspeed Inc. is headquartered in United States, which is currently showing moderate signals.
🇺🇸United States59NEUTRALView United States risk detail →💻Semiconductors2WATCH| Ticker | Company | Score | Gap | Signal Δ | Action |
|---|---|---|---|---|---|
| 2330.TW | TSMC | 12 | — | ↓54% | NEUTRAL |
| ONTO | Onto Innovation Inc. | 12 | +17% | ↓54% | EARLY |
| TSM | Taiwan Semiconductor Manufacturing Company | 12 | +12% | ↓54% | NEUTRAL |
| AMD | Advanced Micro Devices, Inc. | 12 | +14% | ↓54% | EARLY |
| WOLF | Wolfspeed Inc. | 12 | -29% | ↓54% | AVOID |
| MU | Micron Technology, Inc. | 12 | +16% | ↓54% | EARLY |
| UMC | United Microelectronics Corporation | 12 | +7% | ↓54% | NEUTRAL |
Investors who hold WOLF may also have indirect exposure through these country funds.
Wolfspeed draws on revolver as cash burn accelerates
Mohawk Valley utilization remains below 30% nameplate
Two major auto customers defer SiC volume commitments
S&P downgrades Wolfspeed deeper into junk
Estimates · Yahoo Finance · Not audited figures