Renewable energy jobs at Wolfspeed

Wolfspeed has undertaken significant manufacturing projects to bolster its production capabilities. Notably, in September 2019, the company announced a $1 billion investment in its Mohawk Valley semiconductor manufacturing plant in Marcy, New York, which received a $500 million grant from New York State (source: wolfspeed.com). This facility, which opened in April 2022, is touted as the world's largest 200mm SiC wafer fab and has seen substantial revenue growth, generating $52 million in Q2 FY 2025, a significant increase from $12 million a year prior (source: wolfspeed.com). Additionally, Wolfspeed has accumulated $14.8 billion in cumulative design-ins since 2019, reflecting strong customer commitments to its products (source: wolfspeed.com).

Wolfspeed's recent developments have been marked by significant financial challenges and operational restructuring. In August 2023, the company entered into an agreement to sell its RF business to MACOM, a strategic move amidst declining revenues, which fell from $921.9 million in FY 2023 to $807.2 million in FY 2024 (source: wolfspeed.com). The most critical event was the company's Chapter 11 bankruptcy filing on June 30, 2025, following a warning in May that it might not be able to continue operations due to lower-than-expected sales (source: wolfspeed.com). This restructuring aims to eliminate approximately $4.6 billion in debt and is supported by financing from Apollo Global Management (source: wolfspeed.com).

Working at Wolfspeed currently presents challenges due to the company's ongoing restructuring and recent bankruptcy. The workforce has seen a significant reduction, with a 31.50% decrease in employee headcount from June 2024 to June 2025 (source: linkedin.com). The company operates manufacturing facilities in Durham, North Carolina, Marcy, New York, and Racine, Wisconsin, with plans for closures and divestitures affecting locations in Farmers Branch, Texas (source: wolfspeed.com). Roles at Wolfspeed typically include positions in design and engineering, manufacturing, operations, and supply chain management, but prospective employees should be aware of the instability and risks associated with the current organizational changes.