Wolfspeed Moves to NYSE Under New Ticker "WOLF," Signals Shift Toward Pure-Play Semiconductor Strategy

Cree, Inc. made waves in the semiconductor world by announcing its strategic migration from Nasdaq to the New York Stock Exchange, marking a pivotal moment for investors tracking the cree stock price and the company’s transformation. Effective October 4, 2021, Cree will trade under the new ticker symbol “WOLF” on the NYSE, while continuing operations on Nasdaq through October 1, 2021.

The company’s transition reflects more than just a market switch. On the same date, Cree will officially rebrand as Wolfspeed, Inc., cementing its identity as a pure-play semiconductor leader focused entirely on Silicon Carbide technology. This move underscores management’s conviction in the rapidly expanding market for wide-bandgap semiconductors, which power everything from electric vehicles to next-generation telecom infrastructure.

Why This Matters for the Market

CEO Gregg Lowe explained the rationale behind joining NYSE, one of the world’s most recognized trading platforms. “We are capitalizing on our 30-year heritage in Silicon Carbide and positioning ourselves to win in a market we believe will deliver sustained value for customers and shareholders,” he said. The transition positions Wolfspeed alongside other iconic disruptors reshaping industries, signaling confidence that Silicon Carbide adoption will continue accelerating.

NYSE’s Vice Chairman John Tuttle welcomed the listing addition, noting the exchange’s commitment to supporting companies leading the silicon-to-Silicon Carbide industry transition—a technological shift reshaping power electronics globally.

Investor Day Scheduled for November 17

To elaborate on its long-term vision, Wolfspeed will host an Investor Day on November 17, 2021, at the New York Stock Exchange. CEO Gregg Lowe and CFO Neill Reynolds will present the company’s transformation progress and share updated guidance. The event will be webcast live for the broader investment community, with in-person attendance reserved for registered institutional investors and analysts. Presentation materials and a replay will be available post-event on the company’s investor relations website.

Wolfspeed manufactures power and RF semiconductors targeting applications in electric vehicles, fast-charging systems, power supplies, and aerospace—markets expected to experience substantial growth as global industries shift from traditional silicon to Silicon Carbide solutions.