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Wolfspeed, Inc. announced the appointment of Bret Zahn as Vice President and General Manager of their Automotive business as the company continues to enhance its leadership team amid its strategic expansion in high-growth markets. This appointment reflects Wolfspeed’s continued commitment to enabling the next generation of electric vehicles (EVs) through cutting-edge silicon carbide (SiC) solutions. Zahn will report to Chief Business Officer Cengiz Balkas, and will be based at company headquarters in Durham, N.C.
In this role, Zahn will lead the development and execution of Wolfspeed’s automotive product roadmap, aligning with the rapidly evolving needs of global electric vehicle makers and Tier 1 suppliers. Working closely with engineering, R&D, and commercial teams, he will be responsible for driving innovation that meets the increasing demand for power efficiency, performance, and scalability in electric mobility.
“The automotive industry is at an inflection point, and Wolfspeed is at the heart of the transformation,” said Robert Feurle, CEO of Wolfspeed. “Our silicon carbide solutions are already powering some of the world’s most advanced EVs. Under Bret’s leadership, we will deepen our partnerships with global automakers and deliver the next wave of innovation to expand our product offerings and meet the evolving needs of our customers.”
As the transition to electrified transportation accelerates, silicon carbide has emerged as a foundational technology for extending driving range, increasing energy efficiency, and reducing charging times. Wolfspeed’s investment in vertically integrated, U.S-based SiC manufacturing—including its 200mm Mohawk Valley Fab and materials facility in North Carolina—positions the company to meet automotive demand and offers a secure and scalable supply chain for customers.
Zahn brings 35 years of global engineering and business management experience across various technology sectors. Previously he held the role of VP and GM of the Automotive Traction Solutions (ATS) Business Unit at onsemi, encompassing both SiC and IGBT bare die and power module sales, growing that business from IGBT only revenue in 2020 to both IGBT and SiC revenue at the close of 2024. His proven ability to navigate complex business structures and lead cross-functional teams will be instrumental as Wolfspeed seeks to capitalize on opportunities within the automotive sector.
“I am excited to join Wolfspeed during this transformative period and contribute to its mission of delivering advanced solutions in the automotive market,” said Zahn. “I look forward to working alongside this talented team to drive continued innovation and growth as we navigate the rapidly changing landscape of the industry.”
Zahn’s appointment follows the announcements of Wolfspeed’s refreshed leadership team and marks another milestone as Wolfspeed works to navigate near-term market dynamics and seize opportunities to expand its leadership in silicon carbide technologies.
Original – Wolfspeed
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Infineon Technologies AG reported results for the third quarter of the 2025 fiscal year (period ended 30 June 2025).
“In the third quarter, Infineon has again achieved solid results in a very volatile environment,” says Jochen Hanebeck, CEO of Infineon. “Inventory corrections in our target markets have progressed a lot. However, we and our customers are continuing to navigate our way through an uncertain macroeconomic and geopolitical situation. At the same time, we are taking advantage of opportunities in strategic growth areas: software-defined vehicles – strengthened by our upcoming acquisition of Marvell’s Automotive Ethernet business – power supply solutions for AI data centers, rapidly increasing investment in energy infrastructure, as well as, going forward, humanoid robots. In these areas, semiconductor demand is increasing in the long term. Infineon, with its portfolio encompassing power semiconductors, analog & sensors, as well as control & connectivity, is ideally positioned to play a role in shaping these markets.”
- Q3 FY 2025: Revenue €3.704 billion, Segment Result €668 million, Segment Result Margin 18.0 percent
- Outlook for Q4 FY 2025: Assuming an exchange rate of US$1.15 to the euro (previously US$1.125), revenue of around €3.9 billion expected. On this basis, the Segment Result Margin is forecast to be in the high-teens percentage range
- Outlook for FY 2025: Based on an assumed exchange rate for Q4 of US$1.15 to the euro (previously US$1.125), Infineon expects revenue for the full fiscal year to be around €14.6 billion, slightly down on the prior year. The adjusted gross margin should be at least 40 percent (previously around 40 percent) and the Segment Result Margin should now be in the high-teens percentage range (previously in the mid-teens percentage range). Investments will now total around €2.2 billion (previously €2.3 billion). The Free Cash Flow should now organically amount to around €1.0 billion (previously around €0.9 billion). Considering the upcoming completion of the acquisition of the Automotive Ethernet business from Marvell Free Cash Flow should reach around negative €1.2 billion. The Adjusted Free Cash Flow (Free Cash Flow adjusted for investment in frontend buildings and large M&A transactions) should now be around €1.7 billion (previously €1.6 billion)
Original – Infineon Technologies
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Navitas Semiconductor announced unaudited financial results for the second quarter ended June 30, 2025.
“Despite industry-wide headwinds, I am pleased with our teams’ Q2 performance,” said Gene Sheridan, CEO and co-founder. “We are sharpening our focus on AI data centers and energy infrastructure, built on our collaboration with NVIDIA and other leaders in the sector. We raised $100 million in additional capital through the sale of approximately 20 million common shares and announced a new 8”, lower cost GaN foundry relationship for expanded capacity, both of which support our plans to address this fast growing market. We were successful in creating an all-new market for GaN mobile chargers over the past five years, and now we intend to create an even bigger new market encompassing both GaN and SiC for AI data centers and related, critically-needed energy infrastructure. We estimate that GaN and SiC technologies can support a 100x increase in server rack power capacity for AI data centers and an expanded $2.6B market potential by 2030.”
2Q25 Financial Highlights
- Revenue: Total revenue was $14.5 million in the second quarter of 2025, compared to $20.5 million in the second quarter of 2024 and $14.0 million in the first quarter of 2025.
- Loss from Operations: GAAP loss from operations for the quarter was $21.7 million, compared to a loss of $31.1 million for the second quarter of 2024 and a loss of $25.3 million for the first quarter of 2025. On a non-GAAP basis, loss from operations for the quarter was $10.6 million compared to a loss of $13.3 million for the second quarter of 2024 and a loss of $11.8 million in the first quarter of 2025.
- Cash: Cash and cash equivalents grew to $161.2 million as of June 30, 2025.
Market, Customer and Technology Highlights:
- NVIDIA selected Navitas for development collaboration to support next-generation 800V data centers; opportunity leveraging Navitas’ full portfolio of GaN and SiC across three power conversation stages.
- Stage 1: Solid-State Transformers (SSTs) expected to replace antiquated Low-Frequency Transformers (LFTs), leveraging Navitas’ unique Ultra-High Voltage (UHV) SiC to improve the efficiency and robustness of the power grid, creating a $0.5B/yr SiC market potential by 2030.
- Stage 2: 800V DC/DC can leverage Navitas’ high-voltage GaN and SiC, combined with our new 80-200V GaN to support highest efficiency and density with a $1B/yr GaN and SiC market potential by 2030.
- Stage 3: 48V DC/DC to power AI processor can utilize Navitas’ new 80-200V GaN to support highest efficiency and density in this $1.2B/yr market potential by 2030.
- Development timeline: For each stage, initial customer evaluations are complete with final engineering samples expected in Q4; anticipate final supplier selections and system designs completed in 2026 in advance of volume production in 2027.
- Announced partnership with Powerchip for manufacturing best-in-class 200mm (8”) 180nm GaN to support plans for higher levels of integration, with expected lower costs and greater capacity, including to support our roadmap and growth goals for AI data centers.
- $97M of net cash proceeds were generated from the sale of common shares which will provide additional capital to support our development and growth expectations primarily for AI data centers and related energy infrastructure markets.
- Navitas will sharpen focus within mobile, consumer and appliance to serve and lead the high-end, premium segments, which are expected to reduce revenue dependence on these sectors, improve margins over time, and enable increased focus and investment in AI data centers and energy infrastructure sectors without an increase in near-term operating expenses.
- Continuing leadership in high-end mobile GaN charger market, Xiaomi and Navitas announced world’s smallest and fastest charger to date, delivering 90W in the size of typical 12W silicon charger.
Near Term Business Outlook
- Third quarter 2025 net revenues are expected to be $10.0 million, plus or minus $0.5 million largely due to China tariff risks and more selective mobile strategy. Non-GAAP gross margin for the third quarter is expected to be 38.5% plus or minus 50 basis points, and non-GAAP operating expenses are expected to be approximately $15.5 million in the third quarter of 2025.
Original – Navitas Semiconductor
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Axcelis Technologies, Inc. announced financial results for the second quarter ended June 30, 2025.
President and CEO Russell Low commented, “Axcelis delivered strong results in the second quarter despite the cyclical digestion period in many of our markets, demonstrating the value we provide our customers and the strength of our team. We are deepening customer engagement, expanding our footprint in high-value applications, and seeing continued momentum in our CS&I business supported by our growing installed base. As we look ahead, we remain focused on innovation, customer collaboration, and disciplined execution to deliver on our strategic initiatives and position Axcelis to drive long term growth and profitability.”
Executive Vice President and Chief Financial Officer Jamie Coogan said, “We generated strong profitability and cash flow in the second quarter, reflecting disciplined cost control and favorable mix. We increased our share repurchase activity to $45 million during the quarter, reflecting our confidence in the attractive long-term fundamentals of our business. Our strong balance sheet enables us to continue repurchasing shares in a disciplined and opportunistic manner, while also investing in our business.”
Q2 Highlights:
- Revenue of $194.5 million
- GAAP Gross Margin of 44.9%, and Non-GAAP Gross Margin of 45.2%
- GAAP Operating Margin of 14.9% and Non-GAAP Operating Margin of 17.7%
- GAAP Diluted earnings per share of $0.98, and Non-GAAP Diluted earnings per share of $1.13
Original – Axcelis Technologies
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Efficient Power Conversion Corporation (EPC) announced that the Beijing IP Court has denied the appeal filed by Innoscience (Suzhou) Technology Co., Ltd. (Innoscience), thereby reaffirming the validity of EPC’s Chinese Patent No. ZL201080015425.X, titled “Compensated gate MISFET and method for fabricating the same” (the Compensated Gate Patent). This latest decision by the Beijing IP Court further strengthens EPC’s valuable intellectual property portfolio and reinforces its position as a pioneer in enhancement-mode GaN semiconductor devices.
Two of EPC’s patents covering enhancement-mode GaN field effect transistors (FETs) and their fabrication had been challenged by Innoscience (Suzhou) in China. The China National Intellectual Property Administration (CNIPA) had previously validated both patents in April and May 2024, but Innoscience requested reconsideration of the decision concerning the Compensated Gate Patent in (case number: (2024）京73 行初15061 号 ((2004) Jing73XingChu NO.15061)).
“EPC’s innovations in GaN power devices reflect nearly 20 years of research and development,” said Alex Lidow, CEO and Co-founder of EPC. “We welcome the Beijing IP Court’s decision as confirmation of the strength of our intellectual property.”
Notably, EPC continues to benefit from a decision by the U.S. International Trade Commission, which ruled that Innoscience infringed EPC’s intellectual property. That ruling, which remains in full force and effect, led to an exclusion order barring the importation of infringing Innoscience products into the United States.
EPC’s GaN power transistors deliver superior efficiency, faster switching speeds, and smaller footprints compared to legacy silicon devices. The validated patents are widely regarded as critical to the structure and performance of modern enhancement-mode GaN FETs, in which power next-generation systems across AI servers, e-mobility, robotics, rapid charging, and autonomous platforms.
Original – Efficient Power Conversion
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GLOBALFOUNDRIES Inc. (GF) announced preliminary financial results for the second quarter ended June 30, 2025.
Key Second Quarter Financial Highlights
- Revenue of $1.688 billion
- Gross margin of 24.2% and Non-IFRS gross margin of 25.2%
- Operating margin of 11.6% and Non-IFRS operating margin of 15.3%
- Net income of $228 million and Non-IFRS net income of $234 million
- Diluted earnings per share of $0.41 and Non-IFRS diluted earnings per share of $0.42
- Non-IFRS adjusted EBITDA of $585 million
- Ending cash, cash equivalents and marketable securities of $3.9 billion
- Net cash provided by operating activities of $431 million and Non-IFRS adjusted free cash flow of $277 million
“In the second quarter, the GF team delivered strong financial results above the midpoints of the Non-IFRS guidance ranges for revenue and gross margin, and earnings per share exceeded the high end of the guidance range,” said Tim Breen, CEO of GF. “Continued momentum across our Automotive and Communications Infrastructure and Datacenter end markets, enabled double digit percent year-over-year revenue growth in the second quarter for both businesses. As we await a return to meaningful growth across the consumer-driven end markets, I am pleased with the steps GF is taking to broaden the long term value proposition to our customers, through the expected acquisition of MIPS, as well as establishing our China for China foundry partnership.”
Recent Business Highlights
- In June, GF was announced as the exclusive manufacturing partner for Continental’s newly established Advanced Electronics & Semiconductor Solutions (AESS) organization to help meet the growing demand for safe, connected autonomous vehicles. GF will serve as a trusted foundry partner to Continental, offering its manufacturing expertise, diversified global footprint, and automotive-qualified portfolio of process technologies.
- In July, GF announced a definitive agreement to acquire MIPS, a leading supplier of AI and processor IP. This acquisition will broaden GF’s portfolio with advanced RISC-V processor IP and software tools tailored for real-time computing in automotive, industrial, and data center infrastructure applications. The acquisition will offer customers deeper and closer collaboration with GF, as well as enhanced opportunities for chip customization.
- GF advanced its China-for-China strategy by entering into a definitive agreement with a local Chinese foundry to support GF’s customers with reliable supply in mainland China. Customers will benefit from GF’s automotive grade process technologies and manufacturing expertise, to serve their domestic Chinese demand.
Original – GLOBALFOUNDRIES
