Wolfspeed is selling its radio frequency business, saying the move will help the company concentrate on its semiconductor and power businesses especially as related to electric vehicles.
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Wolfspeed CEO Gregg Lowe says there’s a lot of business in the semiconductor manufacturer’s pipeline so getting production at its new plant in New York, expanded operations in Durham and a new plant under construction in Chatham up and running are essential.
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Wolfspeed CEO Gregg Lowe will not face a deposition about a meeting with President Biden even though Purdue University alleges Lowe may have talked with the president about a patent lawsuit and secured his intervention in the case.
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Wolfspeed, which is expanding its semiconductor efforts in North Carolina, New York and Germany, has a new information technology and chief information officer.
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DURHAM – Breaking a media silence since China announced export restrictions of materials crucial to Wolfspeed’s production of radio frequency devices, the Durham-based semiconductor giant says its supply chain won’t be affected. The company (NYSE: WOLF) issued a statement after the markets closed on Monday. Said Wolfspeed: “Following an...
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Treasury Secretary Janet Yellen criticized China’s treatment of U.S. companies during a meeting with businesspeople on Friday, including announced but unspecified controls on exports of gallium and germanium, metals used in making semiconductors and solar panels. North Carolina-based Wolfspeed and Qorvo need gallium for some of their products.
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Continuing friction over trade, national security, semiconductors and more is more than a headache for Durham-based Wolfspeed and Triad-based Qorvo. Both firms could be hit by a key material needed for their chips. And Wolfspeed’s CEO is quite familiar with the China trade challenge.
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The Semiconductor Industry Association found that, for each U.S. worker employed by this industry, an additional 5.7 jobs are supported for suppliers who provide items like materials, chemicals, and equipment.
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Wolfspeed has landed a big semiconductor contract that not only covers 10 years but also provides a $2 billion cash infusion to the company which needs billions for its expansion plans.
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