Wolfspeed whiffs on sales and forecast, and its stock is falling

Shares of Wolfspeed Inc. fell about 6% in after-hours action Wednesday after the semiconductor company fell short with its revenue and forecast for the current quarter. The chip company, which focuses on silicon carbide, generated a fiscal second-quarter net loss of $90.9 million, or 73 cents a share, whereas it lost $96.7 million, or 82 … Read more

Wolfspeed Plans Multi-Billion Dollar Chip Factory In Germany – Report

U.S. power chip maker Wolfspeed Inc is planning to build a factory in Germany for more than 2 billion euros ($2.17 billion), Handelsblatt reported on Saturday. The German auto supplier ZF will hold a minority stake, the business newspaper said, citing unidentified sources familiar with the project. Production should begin in four years at the … Read more