Summary by Futu AI
Norges Bank, the central bank of Norway, has filed a Schedule 13G with the United States Securities and Exchange Commission on February 14, 2024, indicating a significant ownership stake in Wolfspeed Inc. According to the filing, Norges Bank owns 7,094,940 shares of Wolfspeed's common stock, which represents 5.66% of the company's class of securities. The filing, dated December 31, 2023, was made under Rule 13d-1(b), suggesting that the shares were acquired in the ordinary course of business and not with the purpose of changing or influencing the control of Wolfspeed. The bank has sole voting and dispositive power over the shares and states that the investment is on behalf of the Government of Norway. The filing also includes a certification by Stanislav Boiadjiev, Lead Regulatory Compliance Advisor at Norges Bank, affirming the accuracy of the information and the comparability of Norwegian regulatory schemes to those of the U.S.