Wolfspeed (WOLF) stock retreats on soft FQ3 sales outlook
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January 31, 2024 4:05 PM EST
Mohawk Valley Fab Revenue Tripled Sequentially; On Track for 20% Utilization in Fourth Quarter of Fiscal 2024
Year-over-year Revenue Growth of 20 Percent; Record Quarterly Design-Wins Totaling $2.9 Billion
DURHAM, N.C.--(BUSINESS WIRE)--
Wolfspeed, Inc. (NYSE: WOLF) today announced its results for the second quarter of fiscal 2024.
Quarterly Financial Highlights (Continuing operations only. All comparisons are to the second quarter of fiscal 2023)
Consolidated revenue of $208.4 million, compared to $173.8 million
Mohawk Valley Fab contributed $12 million in revenue, a 3x...
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January 31, 2024 8:00 AM EST
Expanded supply agreement is now worth approximately $275M and demonstrates continued demand for silicon carbide across several critical industries
DURHAM, N.C.--(BUSINESS WIRE)--
Wolfspeed, Inc. (NYSE: WOLF), the global leader in silicon carbide technology, today announced the expansion of an existing long-term silicon carbide wafer supply agreement with a leading global semiconductor company. The expanded agreement, which is now worth approximately $275 million in total, calls for Wolfspeed to supply the company with 150mm silicon carbide bare and epitaxial wafers, reinforcing both companies visions for an industry-wide transition... More
