Wolfspeed, Inc. (NYSE: WOLF) today announced that the Company has received $192.1 million in cash tax refunds from the advanced manufacturing tax credit under Section 48D. Funds include $186.5 million ...

"This announcement reflects a portion of the approximately $1 billion total Section 48D cash tax refunds that the Company expects to receive. As of the end of the second quarter of fiscal 2025 ...

Wolfspeed shares plunge after company updates capital strategy, eyes tax credits and ongoing funding negotiations ...

Wolfspeed’s press release also announced the receipt of $192 million in Section 48D cash tax refunds from the IRS, which includes amounts owed for fiscal 2023 and 2024 taxes, along with accrued ...

This announcement reflects a portion of the approximately $1 billion total Section 48D cash tax refunds that the Company expects to receive. As of the end of the second quarter of fiscal 2025 ...