secwatch.observer — SEC 8-K summary
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Issuer:     WOLFSPEED, INC. (WOLF)
CIK:        0000895419
Form:       8-K
Filed at:   2023-12-04T23:59:59+00:00
Accession:  0000895419-23-000149
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wolfspeed completes sale of RF business to MACOM for $75M cash and stock
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- Received $75M cash plus 711,528 shares of MACOM common stock (valued ~$60.8M as of Dec 1, 2023).
- Wolfspeed is now a pure-play silicon carbide semiconductor manufacturer after the divestiture.
- Company continues capacity expansion: Mohawk Valley Fab final build-out and John Palmour Manufacturing Center (JP) construction.
- JP facility in Siler City, NC targets a >10x increase in SiC production capacity from current Durham campus.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/895419/000089541923000149/0000895419-23-000149-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/895419/000089541923000149/wolfspeed-20231204.htm
  HTML page:      https://secwatch.observer/filing/0000895419-23-000149

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer