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Wolfspeed, CHIPS

Wolfspeed Stock Plunges on CHIPS Act Funding Concerns

Wolfspeed shares lost nearly half their value Friday as comments by the semiconductor firm's outgoing interim Executive Chairman brought concerns about whether it will secure federal funding for its expansion efforts.

Seeking Alpha on MSN · 12h

Wolfspeed crashes amid speculation company has lost CHIPs Act funding

Wolfspeed (NYSE:WOLF) shares crashed more than 40% on Friday amid speculation that the Durham, N.C.-based silicon carbide supplier has lost access to its CHIPs Act funding. Wolfspeed did not immediately respond to a request for comment from Seeking Alpha.

WRAL on MSN · 1h

Wolfspeed shares plunge on uncertainty over $1.75B in federal funding, tax incentives

Shares of Wolfspeed closed at $2.59 Friday, down about 56% from the close of regular trading on Wednesday. The share has dropped 91% in the past year as it undergoes a manufacturing transition amid softer demand for chips.

Stocktwits on MSN11h

Wolfspeed Crash Wipes Out Nearly Half Its Market Cap Amid CHIPs Act Funding, Bankruptcy Speculation – Retail Traders Brace For More Losses

Wolfspeed (WOLF) shares lost nearly half their market capitalization on Friday morning, reaching a record low of $2.83, as ...

Wolfspeed Shares Plunge After Report on Warning Over Chips Act Financing

Shares of Wolfspeed plunged following a report that interim Executive Chairman Thomas Werner said the 2022 Chips Act is expected to evolve under the Trump administration. The stock was down 48% to ...

8hon MSN

Chipmaker Wolfspeed's shares hit 27-year low over uncertain federal funding

Wolfspeed's shares lost half their value on Friday, hitting their lowest level since 1998, as funding through a Joe Biden-era ...

Wolfspeed Drops Nearly 50% as Market Reacts to Financial Update and Funding Outlook

Wolfspeed shares plunge after company updates capital strategy, eyes tax credits and ongoing funding negotiations ...

Wolfspeed in 'Constructive Dialogue' with Trump Administration to Secure Federal Funding

Wolfspeed is discussing with the White House ways the company can support the Trump administration's efforts to reinforce U.S. industrial leadership in semiconductors, secure domestic supply chains, ...