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Top related persons:
Gregg Lowe - 3 Wolfspeed - 2 Piper Sandler - 1 Zaheer Kachwala - 1 Chavi Mehta - 1 Anil D'Silva - 1 Kristina Partsinevelos - 1 Jaspreet Singh - 1
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Bengaluru New York Mohawk America Siler City Chatham County , North Carolina
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Thomson - 2 Apollo Global Management - 1

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☆ Wolfspeed jumps on upbeat quarterly forecast
  + stars: | 2023-10-30 | by ( ) www.reuters.com   time to read: +1 min
That facility, which started generating revenue at the end of Wolfspeed's fiscal 2023, contributed $4 million to its third-quarter revenue. The company said it expects second-quarter revenue from continuing operations of between $192 million and $222 million. Net loss widened to $3.22 per share from 21 cents per share a year earlier. Its quarterly revenue of $197.4 million missed analyst expectations of $207.7 million. Reporting by Zaheer Kachwala and Chavi Mehta in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.
Persons: Wolfspeed, Gregg Lowe, Piper Sandler, Zaheer Kachwala, Chavi Mehta, Anil D'Silva Organizations: Thomson Locations: New York, Mohawk, Bengaluru
☆ WolfSpeed CEO Gregg Lowe on government support for American-made semiconductor tech
  + stars: | 2023-08-08 | by ( Kristina Partsinevelos | ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWolfSpeed CEO Gregg Lowe on government support for American-made semiconductor techCNBC's Kristina Partsinevelos speaks with WolfSpeed CEO Gregg Lowe discusses the CHIPS Act and the prospect of bringing more semiconductor manufacturing to America.
Persons: Gregg Lowe, Kristina Partsinevelos Locations: America
☆ Chipmaker Wolfspeed secures $1.25 bln in debt funding led by Apollo Global
  + stars: | 2023-06-26 | by ( ) www.reuters.com   time to read: +1 min
June 26 (Reuters) - Wolfspeed (WOLF.N) said on Monday that a group led by Apollo Global Management (APO.N) would make a debt investment of $1.25 billion in the chipmaker, with room for an additional $750 million, to support its U.S. expansion. Wolfspeed CEO Gregg Lowe said the financing would help "scale up near-term operations at our Mohawk Valley Fab and construction of our Siler City materials facility to help us capture the growing silicon carbide market opportunity." The company in September last year had announced a multi-billion-dollar investment in a factory in Chatham County, North Carolina to make raw materials for chips that power electric vehicles, among other things. The company has the option to pay the debt early, Wolfspeed said. (This story has been refiled to add dropped word in the headline)Reporting by Jaspreet Singh in Bengaluru Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.
Persons: Gregg Lowe, Wolfspeed, Jaspreet Singh, Vinay Dwivedi Organizations: Apollo Global Management, Thomson Locations: Siler City, Chatham County , North Carolina, Bengaluru
☆ Factbox: Chipmakers' plans for factories in Europe
  + stars: | 2023-02-16 | by ( ) www.reuters.com   time to read: +2 min
Under the European Chips Act, the European Commission earmarked early last year a total of 15 billion euros ($16 billion) for public and private semiconductor projects by 2030. Below are some of the chipmakers' plans for factories in Europe, in alphabetical order:Infineon (IFXGn.DE):The maker of chips used in cars and data won approval to begin work on a 5 billion euro semiconductor plant in the German city of Dresden, it said on Feb. 16. Intel (INTC.O):In March 2022, Intel picked the German city of Magdeburg as the site for its new mega chip manufacturing complex, a key part of its $88 billion investment drive across Europe. STMicroelectronics (STM.BN):The Franco-Italian company said in October it plans to build a 730 million euro silicon carbide wafer plant in Italy. It also announced plans in July to build a semiconductor factory in France in partnership with GlobalFoundries (GFS.O).
☆ Wolfspeed to build $3-bln EV chip plant in Germany, subsidy approval expected in months
  + stars: | 2023-02-01 | by ( Andreas Rinke Victoria Waldersee Ilona Wissenbach | Andreas Rinke | Victoria Waldersee | ) www.reuters.com   time to read: +3 min
BERLIN/FRANKFURT, Feb 1 (Reuters) - U.S. chipmaker Wolfspeed (WOLF.N) will build a $3-billion chip plant and a research and development centre in Germany, it said on Wednesday, expecting to start construction within months provided it receives subsidy approval from the European Union. Automotive supplier ZF (ZFF.UL) will invest $185 million for a stake in the chip fab and will take a majority stake in the research centre, the companies said. Wolfspeed expects to receive 20% of the investment amount in subsidies, Chief Executive Gregg Lowe told German newspaper Handelsblatt. Volkswagen, Europe's top carmaker, earlier this month warned that the chip squeeze meant 2023 would remain volatile and challenging, but expected supplies to improve. The company announced in September a new plant in the United States due for completion in 2030.
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