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Wolf Speed, officially known as Wolfspeed, Inc., is a leading innovator in the semiconductor industry, headquartered in the United States. Founded in 1987, the company has established itself as a pioneer in wide bandgap semiconductor technology, particularly in silicon carbide (SiC) and gallium nitride (GaN) materials. With major operational regions across North America and Europe, Wolfspeed focuses on delivering high-performance power and radio frequency (RF) solutions.
The company’s core products include SiC power devices, RF components, and materials, which are renowned for their efficiency and reliability in demanding applications. Wolfspeed's commitment to sustainability and performance has positioned it as a key player in the electric vehicle, renewable energy, and telecommunications sectors. Notable achievements include significant advancements in energy efficiency and a strong market presence, making Wolfspeed a trusted name in the semiconductor landscape.
+12 vs industry average
Wolf Speed’s score of 43 is higher than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Electrical Machinery Manufacturing has above-average carbon intensity
The Electrical Machinery Manufacturing industry has reduced its overall emissions by 42% since 2018
Scope 3 accounts for ••• of total emissions.
In 2024, Wolfspeed reported total carbon emissions of approximately 173,155,039,000 kg CO2e, encompassing Scope 1, 2, and 3 emissions. The breakdown includes Scope 1 emissions of 143,754,000 kg CO2e and Scope 2 emissions of 132,084,000 kg CO2e (market-based). The majority of their emissions stem from Scope 3, which accounted for about 173.2 billion kg CO2e, primarily from the use of sold products.
Wolfspeed has committed to achieving net-zero emissions for Scope 1 and 2 by 2050, with an interim target of a 50% reduction by 2030 compared to a 2019 baseline. This ambitious goal reflects their dedication to addressing climate change and reducing their carbon footprint across all scopes.
The company’s emissions data is not cascaded from any parent organisation, ensuring that their reported figures are independently sourced. As part of their sustainability initiatives, Wolfspeed actively engages in reducing emissions and enhancing transparency in their environmental impact reporting.
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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