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Recent #Wolfspeed news in the semiconductor industry

weixin
4 months ago

Another 8-inch SiC Factory to Be Completed and Launched

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.

SiCWolfspeed
electronicsweekly
7 months ago

ZF pulling out of Wolfspeed German fab jv

➀ ZF Friedrichshafen, a German auto parts supplier, is withdrawing from its joint venture with Wolfspeed in Saarland, Germany, due to weak demand from EV makers. The original plan involved a $3 billion fab and an R&D center, with ZF paying $185 million for a stake in the project. The EU agreed to a €600 million subsidy for the investment. ➁ Wolfspeed is seeking new funding for the Saarland project, which was initially planned to begin running silicon in 2027. Construction was delayed until mid-2025. ➂ Wolfspeed is prioritizing its investments in its Marcy, New York fab, where it received $750 million under the US Chips Act and has a $6 billion budget for expanding its SiC fabs.
Research and DevelopmentSiCWolfspeedinvestmentsemiconductor
tipranks
7 months ago

Wolfspeed Secures Significant Investment for Semiconductor Expansion

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.

ExpansionWolfspeedinvestmentsemiconductortechnology
weixin
9 months ago

The Fall of Silicon Carbide Leader Wolfspeed: A Comprehensive Analysis

➀ Wolfspeed, formerly Cree, has seen its market cap plummet from $12 billion to $1.7 billion, facing significant financial losses and operational challenges. ➁ The company's pivot from LED to compound semiconductor applications has been met with fierce competition from Chinese manufacturers, who have driven down prices and eroded profits. ➂ The transition to 8-inch silicon carbide wafers, a strategic move by Wolfspeed, faces technological and cost hurdles, with the 6-inch vs. 8-inch debate still unresolved in the industry.
Wolfspeedsemiconductor industrysilicon carbide
weixin
9 months ago

The Rise and Fall of Wolfspeed: A Tale of SiC Industry Turbulence

➀ Wolfspeed, a leading player in the SiC industry, has faced significant challenges including market share loss, financial losses, and a drastic drop in stock value. ➁ The company's strategy of heavy investment in 8-inch SiC wafer production has led to high costs and low profitability. ➂ Amidst intense competition and market saturation, Wolfspeed is considering cost-cutting measures such as factory closures and strategic partnerships to regain market position.
SiCWolfspeedsemiconductor