---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-181581"
form_type: "8-K"
ticker: "WOLF"
cik: "0000895419"
company_name: "WOLFSPEED, INC."
filed_at: "2023-07-05T23:59:59+00:00"
generated_at: "2026-06-13T12:59:25.342324+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Wolfspeed signs 10-year SiC wafer supply deal with Renesas; receives $2B deposit

## Summary
- Renesas will deposit $1B immediately, up to $1B additional in 2024; 10-year term maturing 2033.
- Deposit bears 6% interest, rising to 10% or 15% under supply shortages; 5% may be paid in-kind.
- Wolfspeed to supply 150mm SiC wafers starting 2025, then 200mm from John Palmour Manufacturing Center.
- Prepayment by Wolfspeed at 106% to 114% of principal depending on timing and change of control.
- Funds support Wolfspeed's capacity expansion, including JP factory that will boost SiC output 10x.

## SEC filing metadata
- accession: 0001193125-23-181581
- form_type: 8-K
- ticker: WOLF
- cik: 0000895419
- company_name: WOLFSPEED, INC.
- filed_at: 2023-07-05T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/895419/000119312523181581/0001193125-23-181581-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/895419/000119312523181581/d526824d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-181581
- JSON: https://secwatch.observer/filing/0001193125-23-181581.json
- Plain text: https://secwatch.observer/filing/0001193125-23-181581.txt

## Key facts
- Material Agreements
  WOLFSPEED, INC. entered into Unsecured Customer Refundable Deposit Agreement with Renesas Electronics America Inc. valued at up to $2 billion (effective 2023-07-05).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Renesas Electronics America Inc.
  - Value: up to $2 billion
  - Effective: 2023-07-05
  source text: On July 5, 2023 (the “ Effective Date ”), Wolfspeed, Inc. (the “ Company ”) and Renesas Electronics America Inc., a California corporation (“ Renesas America ”) entered into an Unsecured Customer Refundable Deposit Agreement (the “ CRD Agreement ”), pursuant to which Renesas America will provide to the Company up to $2 billion in unsecured deposits.
  evidence_url: https://www.sec.gov/Archives/edgar/data/895419/000119312523181581/0001193125-23-181581-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.