WOLF News and Press, Wolfspeed Inc. From 07/06/23

2023-07-06 06:25:12 ET The China economic slowdown is becoming an increasing concern for money managers. A recent Bloomberg survey of 17 strategists and fund managers saw lower expectations of gains in Asian equities due to worries about China's economic outlook, along with fading chanc...

2023-07-06 00:23:31 ET Summary Semis look poised for continued gains in Q3 after the rally continued in Q2, but there were several changes worth noting. The rally in semis is increasingly being driven by AI after other tailwinds lost strength, which could become problematic if AI ...

2023-07-05 17:28:35 ET Summary Wolfspeed shares jumped on a long-term supply agreement with leading auto chip producer Renesas that will see Renesas advance $2B to Wolfspeed for a 10-year SiC wafer supply agreement. Renesas's agreement shows confidence in Wolfspeed's ability to su...

2023-07-05 16:20:36 ET Shares of Wolfspeed (NYSE: WOLF) rocketed upward by 11% on Wednesday. The chipmaker is making an enormous and costly bet on plants to make silicon carbide (SiC), an alloy that has tremendous conductive and heat-resistant capabilities. Because of these characte...

2023-07-05 11:47:11 ET German Chancellor Olaf Scholz said on Wednesday that he was aware of additional investments by semiconductor companies looking to break ground in the European country, nearly two weeks after Intel ( NASDAQ: INTC ) made the single largest foreign direct investm...

Wolfspeed, Inc. (NYSE: WOLF) is one of today's top gainers. The company's shares are currently up 14.89% on the day to $65.19. Wolfspeed, Inc. provides silicon carbide and gallium nitride (GaN) materials, power devices, and radio frequency (RF) devices based on wide bandgap semiconductor mater...

2023-07-05 11:08:06 ET Wolfspeed Inc ( NYSE: WOLF ) opened about 20% up on Wednesday after announcing a decade-long deal with the Japanese semiconductor giant Renesas Electronics Corp ( TYO: 6723 ). Renesas paid $2.0 billion for the deal The Durham-headquartered firm has...

2023-07-05 09:06:02 ET A number of semiconductor companies are at risk after China decided to impose new export controls on gallium and germanium, two rare elements used to make semiconductors, investment firm Wells Fargo said, including Wolfspeed ( NYSE: WOLF ) and Qorvo ( NA...

2023-07-05 08:38:33 ET Despite being open for a half-day session on Monday, stock markets are only now getting their first full trading day of the second half of 2023. Investors who have celebrated strong gains during the first six months of the year now have to figure out whether they thin...

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...