➀ Codasip seeks a buyer with EU grant incentives (€380M total funding potential);
➁ Siemens integrates generative AI across its EDA tools (Questra, Tessent, etc.) for chip/PCB design;
➂ Wolfspeed enters bankruptcy protection with $4.6B debt reduction, while Intel may abandon 18A foundry marketing to focus on 14A.
➀ Wolfspeed filed for Chapter 11 bankruptcy, restructuring $6.5B debt by reducing $4.6B with creditor agreements and announcing a 60% cut in interest payments;
➁ The company maintains $1.3B cash reserves, secured $275M from creditors, and saw a 64.5% stock surge post-announcement;
➂ CEO emphasized leveraging automated 200mm SiC manufacturing to retain market leadership while continuing operations and customer deliveries
➀ Nvidia announced the Grace Blackwell Ultra AI chip (GB300) shipping in Q3 and a 4x performance boost in its RTX Pro Server for AI models;
➁ Nvidia and Infineon collaborated on centralized 800V HVDC power architecture for AI data centers to optimize space and efficiency;
➂ Wolfspeed faces bankruptcy due to $6.5B debt and loss of key clients like Tesla and Volkswagen, reducing its SiC market share from 32% to 19%.
➀ Wolfspeed is expected to file for a pre-packaged Chapter 11 bankruptcy due to $6.5 billion debt and rejected creditor restructuring proposals;
➁ The company faced a 15% revenue loss after losing Tesla and Volkswagen as customers, and its SiC market share dropped from 32% to 19% amid competition, notably from China;
➂ Utilization at its New York fab stands at 25%, and a pending $750 million CHIPS Act subsidy is now uncertain.
➀ Wolfspeed's second 8-inch SiC factory, the Chatham Materials Factory, is set to be completed and launched.
➁ The factory is expected to be fully taken over by Wolfspeed by March 2024 and will begin production in June 2024.
➂ The factory, covering 220 million square feet, is currently undergoing final construction work, and Wolfspeed is testing SiC ingot production.
➀ Wolfspeed announces a $2.5 billion investment for expansion in the semiconductor industry;
➁ The investment will boost Wolfspeed's market share in the growing semiconductor industry as a primary silicon carbide producer;
➂ Despite a weak financial performance, the company's focus on SiC and GaN technologies and partnership with EPC Power positions it as a major contender with solid upside potential;
➃ Wolfspeed's stock has seen a 43% jump on the news, trading at a significant discount to industry peers;
➄ Analysts have a cautious stance on the stock, with a Hold rating and a potential upside of 7.31% from current levels.
