Due to uncertain federal funding, Wolfspeed, a chipmaker, saw its shares plunge to a 27-year low.

Wolfspeed, a leading manufacturer of silicon carbide chips, has seen its stock plummet to a 27-year low as uncertainty surrounding federal funding casts a shadow over its ambitious expansion plans. The company’s shares dropped sharply following concerns that crucial government subsidies may not materialize as expected, putting its long-term growth strategy at risk. A Critical…