GE Aerospace (NYSE:GE) shares are trading lower on Monday.

The company announced a collaboration with Wolfspeed, Inc. (NYSE:WOLF) to accelerate the adoption of high-voltage silicon carbide technology across various markets.

• GE Aerospace shares are experiencing downward pressure. What’s pulling GE shares down?

This news comes during a day when major indices are showing positive momentum, with the S&P 500 up 0.80% and the Nasdaq gaining 2.28%, suggesting that GE Aerospace’s decline might be more related to company-specific factors than broader market trends.

Partner On High-Voltage Silicon Carbide

The companies have entered into a Memorandum of Understanding (MOU) aimed at developing high-voltage silicon carbide-based power modules.

The agreement covers the supply of Wolfspeed's 10 kV MOSFET die and joint development of standardized high-voltage power module designs for future commercial deployment.

The collaboration also aligns with U.S. government priorities aimed at accelerating critical technologies and enabling faster deployment of power solutions for strategic sectors such as artificial intelligence.

The company expects to enhance efficiency and reliability in aerospace and defense applications, particularly as GE recently qualified high-voltage power units for U.S. military ground vehicles.