Chipmaker Wolfspeed News Today

Chipmaker Wolfspeed forecast current-quarter revenue below estimates on Wednesday as automakers grapple with high inventory levels due to slower-than-expected EV sales growth.Shares of the company, which counts General Motors and Mercedes-Benz among its customers, fell about 4 per cent in extended trading

Chipmaker Wolfspeed forecast third-quarter revenue below estimates on Wednesday, as slower sales growth for electric vehicles hurt demand for its semiconductors used in them, sending its shares down 2 per cent in extended trading.Wolfspeed is a key supplier of specialized chips and power devices for elect

Chipmaker Wolfspeed: Wolfspeed said it expected third-quarter revenue from continuing operations to be between $185 million and $215 million. Analysts on average were expecting $224 million, according to LSEG data.

Chipmaker Wolfspeed: Wolfspeed said it expected third-quarter revenue from continuing operations to be between $185 million and $215 million. Analysts on average were expecting $224 million, according to LSEG data.

Chipmaker Wolfspeed on Monday forecast a smaller-than-estimated second-quarter loss as it expects a boost to its business from a ramp-up in production at its new New York factory, sending its shares up 8 per cent in extended trading.The strong forecast suggests that the company is on track to meet or exce

The Entire Business World on a Single Page with the Web's Most Comprehensive One-Stop Finance News Hub.

The stock of operational robots around the globe hit a new record of about 3.5 million units –the value of installations reached an estimated 15.7 billion USD.

Chipmaker Wolfspeed Inc on Monday announced a deal with General Motors to supply silicon carbide power devices for future electric vehicle programs.