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In a quarterly earnings report released on August 21, Wolfspeed confirmed its plans to close its chip-making plant at its campus in Durham.

A spokesperson for Wolfspeed said the 150mm device fab that will close is part of multiple facilities at the Durham campus on Silicon Drive.

The company plans to transition device production to its 200-millimeter chip factory in Mohawk Valley, New York, citing significantly lower production costs compared to the Durham plant.

According to Wolfspeed CEO Gregg Lowe, the company will remained based in Durham and have a substantial employee presence there.

A representative with Wolfspeed told WRAL News the Durham campus has several factories. The representative said the Mohawk Valley facility is able to make slightly larger fabrication products than in Durham. They said the larger products are more profitable, which is why the company is moving fabrication to New York.

The representative said the Durham factory will close in the "next year or so," and the closing is not imminent. Hundreds of jobs would be impacted, although more specifics will not be released until the company's next report in November. It is expected employees will have opportunities to move to other jobs within the company.

Wolfspeed has about 4,000 employees throughout the country, which includes locations in Durham, New York and Arkansas.

Wolfspeed reported fourth-quarter revenues of $200.7 million, a 1% decrease year over year, and missed the consensus mark by 0.2%. Mohawk Valley Fab contributed $41 million in revenues in the reported quarter.

For first-quarter fiscal 2025, Wolfspeed expects revenues in the range of $185-$215 million. Non-GAAP loss is expected between 90 cents and $1.09 per share. 

The company expects Mohawk Valley Fab to contribute nearly $20-$30 million in revenues in the first quarter of fiscal 2025.

Editor：Vicky

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