Why Wolfspeed Skyrocketed Today

04:20pm, Wednesday, 05'th Jul 2023
Wolfspeed inked a 10-year agreement with chipmaker Renesas. Renesas is pre-paying with a $2 billion deposit that will help Wolfspeed expand its manufacturing capacity.
Wolfspeed shares jumped more than 17% in early trading on Wednesday after signing a 10-year, $2 billion agreement to supply wafers for Japan's Renesas Electronics Corporation.
Wolfspeed (NYSE: WOLF ) stock is soaring today on news that the chipmaker locked in a 10-year deal with Japanese semiconductor manufacturing company Renesas Electronics (OTCMKTS: RNECY ). What do you
Wolfspeed Inc (NYSE: WOLF) opened about 20% up on Wednesday after announcing a decade-long deal with the Japanese semiconductor giant Renesas Electronics Corp (TYO: 6723). Renesas paid $2.0 billion fo
Shares of semiconductor producer Wolfspeed soared Wednesday after the company announced a decade-long deal to supply materials to Tokyo-based semiconductor maker Renesas Electronics.  The company rec

Wolfspeed Stock Surges on Massive Supply Deal

10:19am, Wednesday, 05'th Jul 2023
Wolfspeed Inc (NYSE:WOLF) announced earlier it signed a 10-year deal worth roughly $2 billion to supply semiconductor concern Renesas Electronics with silicon carbide bare and epitaxial wafers.
Markets looked as though they would ease lower after the Fourth of July holiday. Wolfspeed entered into a long-term supply agreement for silicon carbide semiconductor materials.
Wolfspeed executes a $2 billion deposit from Renesas to secure a 10 year supply commitment of wafers.
Wolfspeed Inc. WOLF, +2.07% stock is up 15.4% in premarket trades on Wednesday after the silicon carbide materials specialist said it executed a $2 billion deposit from Renesas Electronics Corp 6723,

Better Buy: Nvidia vs. Wolfspeed

12:00pm, Sunday, 02'nd Jul 2023
Nvidia's high-end data center GPUs make it a top AI chipmaking play. Wolfspeed expects the growing demand for silicon carbide chips, which are more resilient than silicon chips, to drive its long-term

Wolfspeed Stock: Uncertain Situation

04:54pm, Wednesday, 28'th Jun 2023
Wolfspeed, Inc. has used strong financing markets to raise a lot of cheap convertible debt in recent years after a capital-intensive strategic change. More debt needs to be issued to fund losses and l

Is Wolfspeed Stock a Buy Now?

05:26am, Wednesday, 28'th Jun 2023
Wolfspeed is carving out a niche in silicon carbide chips. These resilient and power-efficient chips could be more widely used across the energy, industrial, and automotive markets.
CNBC's Leslie Picker joins 'The Exchange' to discuss public companies turning to private credit, Wolfspeed's two billion dollar deal with Apollo Global, and a larger risk appetite in private credit.
A group of lenders led by private-equity firm Apollo Global Management (NYSE:APO) Inc is providing as much as $2 billion to Wolfspeed Inc to support the semiconductor maker's expansion in the US, acco
Apollo Global Management is leading a group of lenders making a debt investment of as much as $2 billion in chip-maker Wolfspeed Inc. to support its U.S. expansion plans, according to reports Sunday.
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