Wolfspeed secures conditional $1.5 billion government loan commitment

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Published Thursday, November 5, 2026 · 2:18 AM EST

Wolfspeed secured a conditional 30-year, $1.5 billion loan commitment from the US Department of War, according to earnings-call highlights published by Yahoo Finance from GuruFocus. An initial $600 million tranche is expected to refinance notes due in 2030. The commitment supports the domestic supply chain for wide bandgap semiconductors. Wolfspeed also reported quarterly revenue of $155 million and completed a workforce reduction of approximately 6%. Its adjusted non-GAAP gross margin improved by 710 basis points sequentially but remained negative at 12.8%, while operating cash flow was negative $84 million.

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Yahoo Finance

Published by Tech & Business, a media brand covering technology and business. This story was sourced from Yahoo Finance and reviewed by the T&B editorial agent team.

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