Exhibit 5.1
SMITH, ANDERSON, BLOUNT,
DORSETT, MITCHELL & JERNIGAN, L.L.P.
LAWYERS
| OFFICES 150 Fayetteville Street, Suite 2800 Raleigh, North Carolina 27601 __________ |
November 5, 2026 | MAILING ADDRESS P.O. Box 2611 Raleigh, North Carolina 27602-2611 __________
TELEPHONE: (919) 821-1220 FACSIMILE: (919) 821-6800 |
Wolfspeed, Inc.
4600 Silicon Drive
Durham, North Carolina 27703
Re: Wolfspeed, Inc. Registration Statement on Form S-8
Ladies and Gentlemen:
We have acted as counsel for Wolfspeed, Inc., a Delaware corporation (the “Company”), in connection with the registration on Form S-8 (the “Registration Statement”) under the Securities Act of 1933, as amended (the “Act”), of 1,700,000 shares of common stock of the Company (the “Shares”), par value $0.00125 per share (“Common Stock”), for issuance under the Company’s 2026 Employee Stock Purchase Plan (the “Plan”).
This opinion is being furnished in accordance with the requirements of Item 8 of Form S-8 and Item 601(b)(5)(i) of Regulation S-K.
We have examined the Plan, the Registration Statement, the Certificate of Incorporation of the Company, the Bylaws of the Company, certified copies of resolutions of the Board of Directors of the Company relating to the approval of the Plan and the authorization and the issuance of the Shares, the Proxy Statement for the Company’s 2026 Annual Meeting of Stockholders (the “2026 Annual Meeting”) regarding stockholder approval of the Plan, the minutes of the 2026 Annual Meeting evidencing approval of the Plan, and such other documents and matters of law and fact as we, in our professional judgment, have deemed appropriate to render the opinions contained herein. With respect to certain facts, we have considered it appropriate to rely upon certificates or other comparable documents of public officials and officers or other appropriate representatives of the Company, without investigation or analysis of any underlying data contained therein.
Based upon and subject to the foregoing and the further assumptions, limitations and qualifications hereinafter expressed, it is our opinion that the Shares have been duly authorized, and when issued and delivered against payment therefor in accordance with the Plan and upon either (a) the countersigning of the certificates representing the Shares by a duly authorized signatory of the registrar for the Common Stock, or (b) the book entry of the Shares by the transfer agent for the Common Stock, will be validly issued, fully paid, and nonassessable.
Wolfspeed, Inc.
November 5, 2026
Page 2
We express no opinion as to any matter other than as expressly set forth above, and no opinion, other than the opinion given herein, may be inferred or implied herefrom. The opinion expressed herein is limited to matters governed by the Delaware General Corporation Law and the laws of the State of Delaware, and no opinion is expressed as to the laws of any other jurisdiction. The opinion expressed herein does not extend to compliance with federal and state securities laws relating to the offer or sale of the Shares.
We hereby consent to the filing of this opinion as an exhibit to the Registration Statement and to all references to us in the Registration Statement and any amendment thereto. Such consent shall not be deemed to be an admission that our firm is within the category of persons whose consent is required under Section 7 of the Act or the regulations promulgated pursuant to the Act.
Our opinion expressed herein is as of the date hereof, and we undertake no obligation to advise you of any changes in applicable law or any other matters that may come to our attention after the date hereof that may affect our opinion expressed herein.
Sincerely yours,
/s/ Smith, Anderson, Blount, Dorsett, Mitchell &
Jernigan, L.L.P.
SMITH, ANDERSON, BLOUNT, DORSETT,
MITCHELL & JERNIGAN, L.L.P.