WOLF News and Press, Wolfspeed Inc. From 07/05/23

Agreement Highlights: Fortifies Renesas’ commitment to boost its power semiconductor roadmap $2 Billion deposit to Wolfspeed secures supply agreement for both 150mm and 200mm silicon carbide wafers and supports Wolfspeed’s U.S. capacity expansion plans Agre...

2023-07-02 12:00:00 ET Nvidia (NASDAQ: NVDA) and Wolfspeed (NYSE: WOLF) are both chipmakers that carved out high-growth niches with their unique business strategies. Nvidia is the world's largest producer of discrete graphics processing units (GPUs) for high-end video games ...

2023-06-28 16:54:15 ET Summary Wolfspeed, Inc. has used strong financing markets to raise a lot of cheap convertible debt in recent years after a capital-intensive strategic change. More debt needs to be issued to fund losses and large capital investments, this time near 10% coupo...

2023-06-28 14:05:34 ET Summary Wolfspeed is a year behind schedule in getting their current fab into production. The company has high debt, with a debt-to-equity ratio of 1.77, and is adding more debt to build new fabs. Wolfspeed has not been profitable in any of the last seve...

2023-06-28 05:26:00 ET Wolfspeed (NYSE: WOLF) , the chipmaker formerly known as Cree, saw its stock price hit a record high of $141.87 on Nov. 16, 2021. At the time, investors were dazzled by its rapid post-pandemic recovery and the growth potential of its specialty chips. But t...

2023-06-26 09:12:44 ET Apollo Global Management ( NYSE: APO ) said Monday that funds within its Hybrid Value strategy have committed to take stake in PanAsia Health, the holding company for Singapore-headquartered regional healthcare provider Health Management International. ...

Investment Supports Domestic Capacity Expansion Plans Wolfspeed, Inc. (NYSE: WOLF), the global leader in silicon carbide technology, today announced a $1.25 billion secured note financing from an investment group led by Apollo (NYSE: APO), with an accordion feature for up to an addi...

2023-06-26 06:57:58 ET Summary Russia's Wagner group of mercenaries briefly seized the city of Rostov, demanding the removal of Russian military commanders in charge of the war in Ukraine, before backing down and returning to Ukraine. IBM is reportedly close to acquiring software ...

2023-06-25 18:05:49 ET Semiconductor maker Wolfspeed Inc. ( NYSE: WOLF ) is receiving as much as $2 billion in debt financing for its U.S. expansion from a group of lenders led by private equity firm Apollo Global ( APO ). The financing includes $1.25 billion in cash immedia...

2023-06-23 09:24:05 ET The U.S. Commerce Department said on Friday that it was expanding the eligibility for companies to receive funds from the U.S. CHIPs Act to include those that make semiconductor equipment and chemicals used for chip making. "After the pandemic exposed holes an...