Hello, everyone, and welcome. Thank you for joining the Wolfspeed Inc third quarter fiscal 2025 earnings call. My name is Megan, and I will be coordinating your call today. I will now hand you over to your host, Tyler Gronbach, VP of External Affairs, to begin. Please go ahead. Thank you, Operator. Good afternoon, everyone. Welcome to Wolfspeed's third quarter fiscal 2025 conference call. Today, Wolfspeed's Chairman of the Board, Tom Werner, Wolfspeed's CEO, Robert Feurle, and Wolfspeed's CFO, Neil Reynolds, will report on the results for the third quarter of fiscal year 2025. Please note that we will be presenting non-GAAP financial results during today's call, which we believe provide useful information to our investors. 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 as 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. Also, please note that we will not be taking questions during today's conference call. Lastly, all numbers presented today will be on a continuing operations basis. I would like to turn the call over to Robert. Good afternoon, everyone, and thank you for joining us today. I'm very excited to have the opportunity to connect with you. Although I've been only in the role for a few days, I've spent my time listening closer to our customers, employees, and leadership team and reviewing our results, roadmaps, and strategic initiatives. One thing is abundantly clear: Wolfspeed is a company with enormous potential, underpinned by strong foundational elements already in place. As Tom and Neil will elaborate shortly, the board is taking decisive steps to improve our financial foundation, including right-sizing of our operations and accelerating our path to cash flow break-even. My immediate focus will be maintaining stability and continuity for all stakeholders and building upon our strengths. First and foremost, Wolfspeed's silicon carbide technology is second to none. I've long-term admired the talent and the can-do spirit of the organization. I firmly believe Wolfspeed possesses the technology leadership required to drive the industry forward and develop solutions for new emerging applications. Additionally, Wolfspeed has already established and right-sized a best-in-class greenfield fully automated 200 mm manufacturing footprint poised to deliver customers with cutting-edge silicon carbide solutions. Drawing on my experience as an operator and leading through complex transitions, I feel very well prepared to support Wolfspeed as we enter a new era with new energy. I'm grateful for all the work that Tom and Neil and the rest of the leadership have done in improving the foundation of the company prior to my start. In coming weeks, I'll collaborate closely with our leadership team and board to refine our operating plan with a clear emphasis on re-accelerating revenue growth and enhancing profitability. We've already taken initial steps that will aid these plans by reorganizing the company to improve teamwork, accountability, and streamlining decision-making process. From a product and customer-facing perspective, we are conducting an external search for a new EVP and Chief Operating Officer, a new position responsible for facilitating operational excellence, quality assurance, cost reduction, and execution. Cengiz B alkas will now lead Materials and Power Business Operations as our Chief Business Officer. Finally, Angelo Cancian, who previously led Wolfspeed's EMEA sales team, will be our new global SVP of Sales and Marketing. I look forward to working with Angelo to aggressively pursue opportunities in a rapidly scaling market such as AI data centers, energy storage, EVs, and aerospace and defense, among others. These are highly specialized markets where quality, reliability, and efficiency matter most. In these environments, Wolfspeed's fully automated 200 mm manufacturing platform sets us apart. That's where our focus needs to be, serving our blue-chip customers in strategic verticals with the best-in-class products, enabling Wolfspeed to both make and take market share and, in turn, drive revenue re-acceleration in our business. I look forward to sharing more details soon. For now, I want to express confidence in the work we already have underway and the path ahead of us for Wolfspeed. With that, I'll hand over to Tom to discuss our recent progress and actions in detail. Thank you, Robert. On behalf of the entire board, welcome. We look forward to your leadership. I'm pleased to report that our fiscal third-quarter financial performance met or exceeded the midpoint of our guidance ranges, and we continued our strong execution at Mohawk Valley, which posted $78 million in revenue and sequential growth of 50%. I'd like to thank the team for continuing to improve the company's financial performance. Operationally, we made steady progress at the JP. We were granted a conditional certificate of occupancy in February and expect our full certificate of occupancy in June. Our 200 mm products from the JP continue to demonstrate industry-leading quality, a competitive advantage driving ongoing customer engagement and new contract opportunities. As a matter of fact, we are actively engaged with customers on sampling our 200 mm materials and pursuing new contracts for 200 mm wafer supply. We will begin significantly ramping production at the JP as market conditions improve. Moving on, since the beginning of the year, we've consistently communicated that our primary objective is improving our capital structure to capitalize on Wolfspeed's competitive advantages and multi-decade growth opportunity in silicon carbide. To achieve this objective, we've remained focused on these key priorities. First, continuing to take aggressive steps to strengthen our balance sheet. Second, continuing our efforts to raise cost-effective capital required to support our long-term growth plan. Third, dramatically improving the financial performance of the company and accelerating our path to generate positive free cash flow. I'm pleased to report that we made notable progress on these priorities this past quarter. Related to improving our balance sheet, we received approximately $192 million in cash tax refunds from the Section 48D advanced manufacturing tax credit, further boosting our liquidity. Additionally, we remained actively engaged with our lenders, addressing our capital structure. Next, we continue to maintain a constructive dialogue with the Trump administration and the CHIPS program office regarding federal funding. Wolfspeed is positioned to help achieve some of this administration's important initiatives, leading the American semiconductor revolution, reassuring the manufacturing of critical mineral derivatives, boosting domestic production of technologies critical to national security, and securing domestic supply chains. We believe Wolfspeed is the right company to support these initiatives, and we look forward to working with the administration in these efforts. Finally, related to improving financial performance, we've engaged external experts to continue to identify additional cost-saving measures beyond those already underway. This work will continue to optimize how the business is organized to better align with current customer demands and position the organization to pivot quickly as demand continues to improve. One of the first actions from this work is to reduce the senior leadership team by 30%. Additionally, we're in the final stages of fully transitioning the business to 200 mm and simplifying our footprint. The move to 200 mm began back in 2019, well before the rest of the industry, when we announced our plans to build what is now our Mohawk Valley fab. This marked the company's strategic decision to begin building 200 mm capabilities, which is expected to result in lower cost and higher quality wafers. We recognized back then that the most compelling and high-growth areas of the silicon carbide market necessitated better quality and the highest value verticals where quality wins over price. Now that we have completed our fully automated 200 mm facility footprint, we can exit the more competitive and non-differentiated 150 mm device market through the closures of our Farmers Branch 150 mm epitaxy facility, which is completed, and our Durham 150 mm device facility, which remains on track for completion this calendar year. Not only do we believe that these moves will help accelerate our path to profitability, but more importantly, they align the company to pursue growth in the end markets Robert mentioned earlier, the markets that have the most compelling tailwinds and those that will drive silicon carbide technology forward for years to come. We believe these combined efforts will reduce our non-GAAP EBITDA break-even point to approximately $800 million annually and will help position us to achieve our target of approximately $200 million of positive unlevered operating cash flow in fiscal 2026, based on our targeted fiscal 2026 revenue growth. Our actions, while at times difficult, are designed to best position the company for growth and set Robert up for success on a strong financial footing with the ability to aggressively pursue all the opportunities ahead of us. Now I'd like to turn the call over to Neil to discuss our quarterly financials in more detail. Thank you, Tom. Turning to our third-quarter results, we generated revenue of $185 million in line with our guidance midpoint and up 2.2% sequentially. Power revenue was $107 million, driven primarily by significant growth in our automotive revenue, offset slightly by a decrease in industrial and energy revenues. Materials revenue was $78 million, largely due to the slowing demand that our materials customers are seeing across the device market. Mohawk Valley contributed $78 million, up 50% sequentially, and up over 175% year- over- year. Non-GAAP gross margin was 2.2%, also in line with the midpoint of our guidance, driven by incremental contribution from Mohawk Valley, offset by lower utilization at our Durham 150 mm device fab and lower revenues and utilization from our materials factories. Adjusted EPS was -$0.72 per share, also above the high end of our guidance range. Our simplification and restructuring initiatives continue, targeting $200 million in annual cash savings and $150 million in liquidity through non-core asset divestitures. The Farmers Branch 150 mm epitaxy facility was closed at the end of December and is being prepared for sale. The closure of the Durham 150 mm wafer fab remains on track to close at the end of calendar 2025. The non-factory workforce reductions, along with the factory closures, now contributing to approximately 25% reduction in total company employment, remain on track, with most of the reductions already completed at the end of fiscal 3Q. Restructuring charges for fiscal 2025 are projected at $400 million-$450 million, with $57 million incurred this quarter. These charges primarily reflect severance, asset impairments, accelerated depreciation, and related expenses. We anticipate restructuring to be cash neutral in fiscal 2025 and generate substantial annualized cash savings starting in fiscal 2026. Moving to our balance sheet, we ended the quarter with over $1.3 billion of cash and liquidity on hand, inclusive of the full $200 million from our equity offering and the $192 million from our Section 48D cash tax refunds. As it relates to 48D, as of the end of third quarter of fiscal 2025, the company had accrued more than $900 million in Section 48D tax credits, which is inclusive of the tax credits that have already been dispersed. Following the end of our fiscal year on June 30th, 2025, we expect to submit for a 48D tax credit refund of approximately $600 million. Additionally, we continue to work on our divestiture of non-core assets, which we expect to generate approximately $150 million of cash proceeds in calendar 2025. Free cash flow during the quarter was - $168 million, comprised of - $142 million of operating cash flow and $26 million of capital expenditures, net of reimbursements from 48D and other incentives. Turning now to our capital structure and liquidity. As Tom mentioned earlier, we continue to actively engage with our lenders to improve our capital structure. As we consider alternatives as it relates to these negotiations, as mentioned above, we closed fiscal 3Q with approximately $1.3 billion of cash and liquidity. Also, as previously mentioned, we expect to receive approximately $600 million of Section 48D cash tax refunds during fiscal year 2026, further improving our cash position. Therefore, our current operating forecast allows us to continue to meet customer, supplier, and employee obligations. We do not anticipate the outcome of our debt negotiations to have a material impact on these stakeholders. However, as part of our lender negotiations, we may elect to pursue either in-court or out-of-court options. Due to our contemplation of an in-court option specifically, we expect to include required going concern language in the footnotes to the financial statements of our upcoming Form 10-Q. Optimizing our capital structure has been a stated priority, and we have been engaged in constructive discussions with our financial stakeholders to finalize a plan that will support our long-term success. As such, we have filed certain materials today associated with those discussions. For more information, please review our Form 8-K filed this afternoon. Before I hand it back over to Tom, I'd like to take a brief moment to acknowledge the announcement last week on my upcoming departure from Wolfspeed. This transition comes at a natural inflection point, both for me and for Wolfspeed. As I prepare to transition out of the CFO role, I'm committed to doing everything in my power to ensure stability and continuity, particularly as we continue our important work to strengthen the company's capital structure. I am focused on ensuring that Robert begins his tenure with the strongest financial foundation possible. Looking ahead, I'm confident in Wolfspeed's strategic direction and its potential for long-term growth. Under Robert's leadership, Wolfspeed is well positioned to capitalize on the significant opportunities in the silicon carbide market, and I look forward to following the company's continued progress. With that, I'll turn it back to Tom. Thanks, Neil. In my early conversations with Robert, one thing became immediately clear. We need to return to the core innovation that built Wolfspeed's leadership. That means recommitting to the technologies and markets where silicon carbide delivers the greatest impact and where Wolfspeed has the clearest right to win. I'm encouraged by the fresh perspectives Robert is bringing to the company and to the management team. I am looking forward to working with him as I transition back into the role of board chair. Before I close, I would just like to state how proud I am of the entire Wolfspeed team and the work that we've accomplished during my tenure as executive chairman. We have made significant progress on all the priorities we outlined in January, including hiring a new permanent CEO who shares the board's vision of what Wolfspeed can become, completing our at-the-market equity offering and receiving our cash tax refunds to improve near-term liquidity, working closely with the current administration to secure federal funding, accelerating our transition to a pure-play 200 mm silicon carbide producer, reducing operating expenditures to lower our EBITDA break-even point, reducing our CapEx levels to accelerate the path to positive free cash flow, and most importantly, progressing negotiations with our lenders on efforts to improve our capital structure and give Robert the strongest financial foundation possible as he looks to put his stamp on next-gen Wolfspeed. With the right foundation in place, we believe we're positioned to execute and win. Thank you for your time today. This concludes today's call. Thank you for joining. You may now disconnect your line.