Wolfspeed, Inc.

Good evening, thank you for standing by and welcome to the Wolf Speed Inc third quarter fiscal year 2022 earnings call. At this time, all participants are in a listen only mode. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you'd like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you'd like to withdraw your question, press star followed by the number two. We ask that you limit yourself to one question and one follow-up. Thank you. Please note, today's call is being recorded. I'd like to now hand the conference over to your first speaker today, Tyler Gronbach, Vice President of Investor Relations. Please go ahead.

Thank you, Operator, and good afternoon, everyone. Welcome to WolfSPEED's third quarter fiscal 2022 conference call. Today, WolfSPEED CEO Greg Lowe, and WolfSeed CFO Neil Reynolds will report on the results for the third quarter of fiscal year 2022. Please note that we will be presenting non-GAAP financial results during today's call, which is consistent with how management measures WolfSeed's results internally. Non-GAAP results are not in accordance with GAAP and may not be comparable to non-GAAP information provided by other companies. Non-GAAP information should be considered a supplement to and not a substitute for financial statements prepared in accordance with GAAP. A reconciliation to the most directly comparable GAAP measures is in our press release and posted in the investor relations section of our website along with a historical summary of other key metrics. Today's discussion includes forward-looking statements about our business outlook and we may make other forward-looking statements during the call. Such forward-looking statements are subject to numerous risks and uncertainties. Our press release today and the SEC filings noted in the release mention important factors that could cause actual results to differ materially, including risks related to the impact of the COVID-19 pandemic. During the Q&A session, we ask that you limit yourself to one question and one follow-up so that we can accommodate as many questions as possible during today's call. If you have any additional questions, please feel free to contact us after the call. And now, I'd like to turn the call over to Greg.

Thanks, Tyler, and good afternoon, everyone. I hope you and your families are safe and healthy. I'm pleased to report that during the third quarter, we continued to execute on our strategy, delivering strong results and non-GAAP diluted earnings per share, despite some macroeconomic disruptions. Last month was an eventful one for the company. as we cut the ribbon and opened Mohawk Valley, our fully automated 200-millimeter silicon carbide semiconductor wafer fab. Currently, we are running initial lots and will then transition to product and customer qualification, followed by production shipments. It's an exciting time for us, as well as our customers, as they can see a huge influx of capacity coming online, enabling them to transition their products from silicon to the more efficient silicon carbide chips. We're delighted to have had Lucid Motors join us for the ribbon cutting, demonstrating their innovative Lucid Air and highlighting the advantage they see using silicon carbide technology in their car. We also had the opportunity to host some key partners at Mohawk Valley, including Aero Electronics leadership and some of their key customers. The feedback was very positive and they are quite impressed with the scale of the facility. Aside from key partners and customers, top policymakers have also come to the site to see firsthand how the new FAB will help drive the auto industry's transition from internal combustion engines to electrified powertrains and support innovative power management solutions for the industrial and energy industries. This includes Senate Majority Leader Chuck Schumer, who recently came to our Mohawk Valley FAB to showcase what is possible when we invest in American technology jobs in critical sectors of the economy. We were also honored to have New York Governor Kathy Hochul join us last week at the ribbon cutting. Governor Hochul was our keynote speaker and highlighted the Mohawk Valley's rich legacy of manufacturing and strong work ethic, which she believes will be a key contributor to creating the new silicon carbide valley. The opening of Mohawk Valley is an important strategic milestone for Wolfspeed and extends our competitive position as a global leader in silicon carbide devices. These exciting developments are made possible by our deep bench of semiconductor leadership and our dedicated team members. I'm very proud of the work we've done so far, and I'm excited to share our progress as we continue to execute on the growing and diversified opportunity ahead of us. We remain committed to our strategy and achieving our long-term growth objectives, and our strong results this quarter are proof of our team's ability to capitalize on this momentum. With that, I'll turn it over to Neil, who will provide an overview of our financial results for the third quarter and an outlook for the fourth quarter of fiscal 2022. Neil?