Wolfspeed receives $192m in Section 48D cash tax refunds from IRS

What happened

Wolfspeed received $192.1m in cash tax refunds from the IRS under the Section 48D advanced manufacturing tax credit, part of an expected total of ~$1bn. This substantial cash infusion is tied to the firm's domestic manufacturing investments, including its SiC materials and device production. Bullish: The significant, non-dilutive funding directly strengthens Wolfspeed's balance sheet, supporting its aggressive capacity ramp-up plans and potentially improving its competitive pricing and supply stability in the SiC market.

Impact and signal

Affected components and suppliers

Source and time

Source: Semiconductor Today · 3/28/2025 · View original source