Wolfspeed Inc. Depositary Receipt

Wolfspeed Inc. Depositary Receipt represents shares of Wolfspeed Inc., a company specializing in semiconductor technology. Primarily, Wolfspeed is known for its focus on Silicon Carbide (SiC) and Gallium Nitride (GaN) materials, which are integral in the creation of power and radio frequency (RF) semiconductors that cater to a variety of advanced applications. These components are crucial in industries such as electric vehicles, renewable energy, telecommunications, and more, providing high efficiency and performance. The depositary receipt allows investors to gain exposure to Wolfspeed's innovations without directly purchasing shares listed on its home market. As demand for efficient semiconductor technology continues to rise globally, Wolfspeed's contributions to this sector are increasingly significant, playing a pivotal role in the shift towards more sustainable and energy-efficient solutions.