Wolfspeed Adds to Global Operations Leadership Team to Support Rapid Company Growth

Semiconductor Industry Veteran Joins to Lead Supply Chain Operations

Wolfspeed, Inc. (NYSE: WOLF), the global leader in Silicon Carbide technology, today announced that Jeff Ferraro has joined the company as Vice President of Enterprise Supply Chain and Procurement, effective March 14. Mr. Ferraro joins Wolfspeed from Texas Instruments and has more than 20 years of experience in the semiconductor industry, including supply chain and financial management. Based out of Durham, North Carolina, Mr. Ferraro will report directly to Rex Felton, SVP of Global Operations.

“Jeff brings an unparalleled wealth of knowledge of operational logistics and expertise over his decades working in the semiconductor industry,” said Rex Felton, SVP of Global Operations. “With an impressive background spanning the full range of operational efforts —finance, business planning, supply chain and logistics—he is the ideal fit to join our operations leadership team to support Wolfspeed as it leads the industry-wide transformation from silicon to Silicon Carbide.”

This addition to Wolfspeed’s team of seasoned semiconductor operations professionals, paired with the expansion of production capability for Silicon Carbide materials and devices in New York and North Carolina will support the company’s rapid growth.

At Texas Instruments, Mr. Ferraro previously held the titles of Manager of Business Planning and Operations, Director of Finance and Operations, and most recently Director of Supply Chain and Logistics, in which he was responsible for a complex network of logistic operations supporting manufacturing to product distribution, including global import and export compliance.

About Wolfspeed, Inc.:

Wolfspeed (NYSE: WOLF) leads the market in the worldwide adoption of Silicon Carbide and GaN technologies. We provide industry-leading solutions for efficient energy consumption and a sustainable future. Wolfspeed’s product families include Silicon Carbide materials, power-switching devices and RF devices targeted for various applications such as electric vehicles, fast charging, 5G, renewable energy and storage, and aerospace and defense. We unleash the power of possibilities through hard work, collaboration and a passion for innovation. Learn more at www.wolfspeed.com.

Wolfspeed^® is a registered trademark of Wolfspeed, Inc.

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