Wolfspeed Inc. (NYSE:WOLF) shares surge 9.57% on strategic developments and CHIPS Act tax refund.

Wolfspeed Inc. (NYSE:WOLF) shares surged 9.57% in pre-market trading on January 7, 2026, signaling renewed investor confidence following a series of strategic developments. The move builds on recent momentum driven by operational progress and external validation of its business model.

The stock’s upward trajectory aligns with Wolfspeed’s ongoing restructuring efforts, including a landmark $698.6 million tax refund under the CHIPS Act, which provided critical liquidity post-bankruptcy.

This financial injection has shifted market focus toward the company’s ability to execute its long-term strategy, particularly in expanding silicon carbide (SiC) production for automotive and energy applications.

Recent partnerships, such as the agreement to supply components for Toyota’s electric vehicle platforms, have further reinforced Wolfspeed’s positioning in the EV supply chain. Analysts note that these collaborations demonstrate the company’s capacity to secure high-profile clients despite past operational challenges, potentially unlocking growth in the high-margin SiC market.

The broader implications of these developments suggest that Wolfspeed could be entering a pivotal phase in its market perception. As the EV and energy sectors continue to expand, the company’s strategic alignment with key industry players may offer long-term value, provided it maintains operational discipline and delivers on production timelines.