Wolfspeed CEO remains optimistic despite missing Street’s revenue expectations
Wolfspeed reported quarterly earnings on Wednesday afternoon, missing revenue expectations. The company’s stock price has fallen in after-hours trading.
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greg lowe
Cree CEO remains ‘fully committed’ to semiconductor expansion despite revenue drop
“Fiscal 2020 marked a transition year in our journey to become a global semiconductor powerhouse and we remain firmly committed to our capacity expansion plans to capitalize on what we believe to be a multi-decade growth opportunity for silicon carbide,” says CEO Gregg Lowe.
Read MoreCree changes coming? New CEO says strategic review to be rolled out ‘within a month or two’
Cree CEO Gregg Lowe says in a conference call that the Durham-based company is preparing to roll out the results of a strategic review he launched after taking over the company last September.
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