The New York Stock Exchange, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, announced that Wolfspeed (NYSE: WOLF), a leader in Silicon Carbide technology and production, has completed its listing transfer and will begin trading today as an NYSE-listed company.
Wolfspeed will now be able to leverage all of the advantages of membership in the NYSE community, comprising more than 2,400 of the world’s largest and most innovative companies.
These advantages include the Exchange’s unique market model, which combines cutting-edge technology with accountability and human judgment. Membership in the NYSE community also brings an unmatched network of CEOs and business leaders, the incomparable brand visibility that stems from an Exchange listing and core investor relations services.
For more than 30 years, Wolfspeed has demonstrated its unique expertise in shaping the future of semiconductor markets by delivering and leading commercial adoption of transformative technology solutions.
“We are pleased to join the NYSE, one of the world’s most prestigious trading platforms, as this transfer marks an important milestone for the company as a pure play global semiconductor powerhouse leading the industry transition from silicon to Silicon Carbide,” said Gregg Lowe, Chief Executive Officer, Wolfspeed. “Importantly, our company name change to Wolfspeed capitalizes on our 30-year heritage of working with Silicon Carbide and underscores our ambitious plans to compete and win in the rapidly expanding marketplace, which we believe will continue to provide long-term value for our customers and shareholders.”
“We are excited to welcome Wolfspeed as it transfers its listing to the NYSE and joins our community of icons and disruptors,” said John Tuttle, Vice Chairman and Chief Commercial Officer, NYSE Group. “We look forward to working with the company as it continues to transform the semiconductor market.”
Nearly 300 companies have switched their listings to the NYSE since 2000, representing more than $1 trillion in current market value.
