Wolfspeed is trading at $25.90 (+5.37%) after announcing an expanded, extended silicon-carbide wafer agreement with Infineon that adds 200 mm wafers to its existing 150 mm supply.
- The companies have worked together for more than 20 years; financial terms and volume commitments were not disclosed.
- The gain contrasts with semiconductor-sector weakness: SOXX fell 3.68% during the regular session. The Infineon agreement is the clearest company-specific positive catalyst identified for the move.