Wolfspeed Is Turning to AI to Fix Its Silicon Carbide Problem

Wolfspeed exited Chapter 11 in September 2025 after reducing its total debt by roughly 70 percent under a restructuring support agreement, according to reporting on the bankruptcy process.

The balance sheet reset came as the company continued scaling silicon carbide production. In the second quarter of fiscal 2026, Wolfspeed reported approximately $168 million in revenue. Non-GAAP gross margin was negative 34 percent, and GAAP gross margin was negative 46 percent. Adjusted EBITDA for the quarter was negative $82 million. The company ended the period with about $1.3 billion in cash and short-term investments.

Wolfspeed is expanding 200mm silicon carbide production at its Mohawk Valley facility in New York. In September 2025, the company announced the commercial launch of its 200mm silicon carbide materials portfolio, positioning the site as central to its scale strategy.

On February 11, 2026, Wolfspeed said it had unified factory, supply chain, and enterprise data on Snowflake’s AI Data Cloud and was deploying artificial intelligence across manufacturing, quality, supply chain, finance, and analytics functions. The company introduced WolfGPT, an internal generative AI platform built on Snowflake Intelligence, to analyze manufacturing performance, predict potential issues, and accelerate workforce training.