Wolfspeed, Inc. (NYSE: WOLF), a global leader in silicon carbide technology, today announced a multiyear supply agreement for Wolfspeed silicon carbide devices to support BorgWarner’s next-generation 800V silicon carbide-based inverter platform as strategic partner. The agreement strengthens the companies’ longstanding collaboration while providing BorgWarner with a reliable, long-term supply of high-performance silicon carbide technology for next-generation electric vehicle (EV) and power conversion applications.

The agreement comes as global EV adoption continues to expand. Electric vehicles accounted for 25% of new cars sold globally in 2025, and the International Energy Agency projects EVs could represent approximately half of global car sales by 2035. As automakers scale next-generation EV platforms, silicon carbide is increasingly critical to delivering the efficiency, power density and performance required by advanced vehicle architectures.

“Our strategy is to combine our technology leadership with deep, long-term customer partnerships,” said Matthias Buchner, SVP, Global Sales & Chief Marketing Officer at Wolfspeed. “Our supply agreement with BorgWarner demonstrates that strategy, bringing together advanced silicon carbide technology, proven quality and reliability, and scaled 200 mm manufacturing capabilities to deliver the performance and supply confidence BorgWarner needs for their next-generation EV platform.”

Wolfspeed’s Gen 5 silicon carbide technology is designed to support the efficiency, performance and reliability requirements of next-generation automotive power electronics. BorgWarner is leveraging Wolfspeed’s 1200V silicon carbide technology for its 800V silicon carbide-based inverter platform.

The agreement is designed to provide BorgWarner with consistent, uninterrupted access to Wolfspeed silicon carbide devices and reinforces Wolfspeed’s role as a stable, long-term supply partner. It also aligns with Wolfspeed’s scaled U.S. manufacturing capabilities, which have fully transitioned to 200 mm wafers.

Wolfspeed shares a commitment to automotive-grade quality, with Wolfspeed’s silicon carbide solutions engineered to perform in demanding, high-heat and high-voltage environments. That combination of performance, reliability and long-term supply supports automakers as they bring increasingly sophisticated EV platforms to market.

About Wolfspeed, Inc.

Wolfspeed (NYSE: WOLF) leads the market in the worldwide adoption of silicon carbide technologies that power the world’s most disruptive innovations. As the pioneers of silicon carbide, and creators of the most advanced semiconductor technology on earth, we are committed to powering a better world for everyone. Through silicon carbide material, Power Modules, Discrete Power Devices and Power Die Products targeted for various applications, we will bring you The Power to Make It Real™. Learn more at wolfspeed.com.

Wolfspeed® is a registered trademark and The Power to Make It Real™ is a trademark of Wolfspeed, Inc.

Forward-Looking Statements

This press release contains forward-looking statements involving risks and uncertainties, both known and unknown, that may cause Wolfspeed’s actual results to differ materially from those indicated in the forward-looking statements. Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about Wolfspeed’s strategic plans, priorities, growth opportunities, and ability to supply. Actual results could differ materially due to factors detailed in Wolfspeed’s filings with the U.S. Securities and Exchange Commission (“SEC”), including its most recent Annual Report on Form 10-K and subsequent SEC filings. These forward-looking statements represent Wolfspeed’s judgment as of the date of this release. Except as required under U.S. federal securities laws, Wolfspeed disclaims any intent or obligation to update any forward-looking statements after the date of this release.

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