Item 7.01 Regulation FD Disclosure

On November 16, 2022, Wolfspeed, Inc. (the "Company") and BorgWarner Inc. ("BorgWarner") issued a joint press release announcing a strategic partnership that calls for BorgWarner to invest $500 million in the Company's previously announced financing transaction, in exchange for a Silicon Carbide device capacity corridor for up to $650 million of devices annually. The press release is attached as Exhibit 99.1 and is incorporated by reference into this Item 7.01.

The information in this Item 7.01, including Exhibit 99.1, shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that section. Furthermore, the information in this report shall not be deemed incorporated by reference into the filings of the Company under the Securities Act of 1933, as amended.

Neither this report nor the joint press release constitutes an offer to sell, or the solicitation of an offer to buy, the notes or the shares of the Company's common stock, if any, issuable upon conversion of the notes.

Item 9.01 Financial Statements and Exhibits





(d) Exhibits



Exhibit
  No.       Description of Exhibit

99.1          Joint press release dated November 16, 2022

104         Cover Page Interactive Data File (embedded within the Inline XBRL document)

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