Wolfspeed Stock Plunges on CHIPS Act Funding Concerns

By Yahoo! Finance   |   2 weeks ago
Wolfspeed Stock Plunges on CHIPS Act Funding Concerns

Investor concerns arose as Wolfspeed's outgoing interim Executive Chairman, Thomas Werner, raised doubts about the firm's ability to secure federal funding. Shares of the semiconductor maker plummeted after Werner's remarks, casting uncertainty over their financial future.

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