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 Moment for WolfspeedWolfspeed has positioned itself at the forefront of the semiconductor industry’s shift toward silicon carbide, a material that offers superior efficiency for electric vehicles (EVs), renewable energy systems, and industrial applications. The company has been banking on federal incentives […]