Wolfspeed Launches Dedicated Data Center Solutions Team in Silicon Valley; Hires Industry Experts to Drive Highly Compact and Efficient Power Solutions for AI Infrastructure

Industry Veterans Ganesh Srinivasan and Yogesh Ramadass Appointed to Accelerate Expansion into Next-Generation Data Center Power Solutions

DURHAM, N.C., and SANTA CLARA, CA — June 1, 2026 — Wolfspeed, Inc. (NYSE: WOLF), a global leader in silicon carbide technology, today announced an expansion into the rapidly growing data center market with the creation of a dedicated data center solutions team and regional office in the San Francisco Bay Area. The new Wolfspeed data center solutions team is targeted to enable closer alignment with leading hyperscalers, ODMs and the entire ecosystem to build differentiated products and solutions for AI and other data center applications.

Demand for next-generation data center power architecture innovations has never been greater. This move more effectively positions Wolfspeed to deliver high-voltage SiC power solutions engineered to drastically reduce energy loss and maximize efficiency for modern AI infrastructure.

"The sheer scale of AI computing demands a fundamental rewrite of data center power architecture," said Robert Feurle, CEO of Wolfspeed. "Moving to higher voltages is no longer optional — it's a necessity. With our new data center solutions team at the epicenter of tech innovation, Wolfspeed is uniquely positioned to deliver the high-voltage solutions our hyperscaler and ODM partners need to build the efficient data centers of tomorrow."

Ganesh Srinivasan joins as Senior Vice President to lead our data center solutions team. Ganesh brings deep data center experience to Wolfspeed, having worked closely not only with hyperscalers but also with the entire ODM ecosystem to deliver end-to-end power and signal connectivity solutions for high-density AI clusters. Previous to his appointment at Wolfspeed, Ganesh served as VP of Product Management for the AI, Cloud, and Enterprise business at TE Connectivity. Prior to TE Connectivity, he spent more than 17 years leading multiple power business product lines at Texas Instruments. He holds M.S. and Ph.D. degrees in Electrical Engineering from Georgia Tech.

Yogesh Ramadass joins as Vice President, Power Systems Solutions & Fellow, in the data center solutions team. Yogesh is an expert in high-and low-voltage power topologies and author of more than 160 technical articles. He most recently led R&D efforts across high-voltage power management, MEMS and sensors at Texas Instruments. Yogesh holds S.M. and Ph.D. degrees from the Massachusetts Institute of Technology and is a former IEEE Distinguished Lecturer and chair of the ISSCC Power Management Subcommittee. 

This investment demonstrates Wolfspeed’s commitment to strengthen its capabilities to support long-term growth, effective execution, and value creation for customers and shareholders worldwide.

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 achieve profitability. 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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