Shareholders might have noticed that Wolfspeed, Inc. (NYSE:WOLF) filed its third-quarter result this time last week. The early response was not positive, with shares down 3.5% to US$25.33 in the past week. Revenues came in at US$201m, in line with expectations, while statutory losses per share were substantially higher than expected, at US$1.18 per share. […]
By Svea Herbst-Bayliss NEW YORK (Reuters) – Activist investor Jana Partners is urging the world’s largest maker of silicon carbide Wolfspeed Inc to explore all ways to improve shareholder value, including a potential sale, according to a letter reviewed by Reuters. Jana, which owns what it called a “significant” stake in Wolfspeed, wrote in the […]
Nine months after beginning construction near Siler City, the Durham semiconductor chipmaker Wolfspeed celebrated a milestone Tuesday at its future $5 billion plant in western Chatham County. U.S. Sen. Thom Tillis joined Wolfspeed executives on site for a “topping out” ceremony, a builder tradition symbolizing when the final structural beam is placed. Nicknamed “the JP” […]