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Search resuls for: "Wolfspeed Inc"


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Two of the semiconductor stocks that reported this week saw some big post-earnings moves and substantially above-average options trading activity. Among the biggest winners were Wolfspeed Inc. (WOLF) and Advanced Micro Devices Inc. (AMD) . AMD WOLF 5D mountain AMD vs Wolfspeed, 5 days Are options markets aligned with these spikes or fading them using them as opportunities to initiate new bearish positions? Betting against Wolfspeed Wolfspeed popped sharply after a modest topline beat. Betting on AMD Unlike WOLF, AMD was up over 50% year-to-date going into the print so the pop wasn't a short-covering rally.
Persons: Wolfspeed, Roth MKM, Canaccord Genuity, Morgan Stanley Organizations: Wolfspeed Inc, Devices Inc, AMD, Carbide, JPMorgan, Citi, Deutsche Bank, WOLF, Management, Nvidia, supercomputing
NEW YORK, Aug 17 (Reuters) - Wolfspeed Inc (WOLF.N) shares plunged by nearly 21% on Thursday after analysts slashed price targets and sounded a cautious note about the chip maker's profit trends after its disappointing results. At least six brokerages cut their price targets for Wolfspeed shares after the company predicted a larger-than-expected quarterly loss after the market closed on Wednesday. Bank of America, which rates the stock "underperform," cut its price objective on the stock to $49 from $56. Wolfspeed shares were down 16.7% to $44.31 in afternoon trading. Reporting by Chibuike Oguh in New York; editing by Lewis Krauskopf and Deepa BabingtonOur Standards: The Thomson Reuters Trust Principles.
Persons: Vivek Arya, Wolfspeed, Chibuike Oguh, Lewis Krauskopf, Deepa Babington Organizations: Wolfspeed, Bank of America, Thomson Locations: Mohawk, New York
SummarySummary Companies UPS slips after Teamsters say it walked away from talksModerna climbs on deal to develop mRNA medicines in ChinaChip stocks slide on China's export curbsFed minutes awaited at 2:00 p.m. ETFutures down: Nasdaq 0.51%, S&P 0.42%, Dow 0.42%July 5 (Reuters) - Wall Street futures fell on Wednesday as investors awaited minutes of the Federal Reserve's June meeting for clues on the central bank's monetary policy path, while Sino-U.S. tensions and weak economic data from Beijing dented sentiment. Investors are focused on the Fed minutes, expected to be released around 2 p.m. More economic data, including the non-farm payrolls report on Friday, is scheduled for release this week. ET, Dow e-minis were down 146 points, or 0.42%, S&P 500 e-minis were down 19 points, or 0.42%, and Nasdaq 100 e-minis were down 78 points, or 0.51%.
Persons: Ipek Ozkardeskaya, Goldman Sachs, Bansari Mayur Kamdar, Johann M, Shounak Dasgupta, Vinay Dwivedi Organizations: Moderna, Dow, Wall, Sino, Microsoft, Investors, Fed, Swissquote Bank, Traders, Nvidia, Micron Technology, Netflix, Wolfspeed Inc, Renesas Electronics Corp, Tesla, Dow e, Nasdaq, United Parcel Service, Teamsters, Rivian, Thomson Locations: China, U.S, Beijing, Washington, Germany, Bengaluru
But the materials are expensive and still face supply bottlenecks compared with the cheaper standard silicon used in most chips. The company has previously raised funding from semiconductor manufacturing equipment maker Applied Materials (AMAT.O). iDEAL has partnered with Bloomington, Minnesota-based chip manufacturer Polar Semiconductor to make its first chips and is planning to roll them out later this year. Granahan said silicon carbide chips can still beat iDEAL's for certain applications including the extremely high voltage chips needed for applications such as electric semi trucks. But he said iDEAL's chips could be competitive for about 90% of the overall market for power chips.
Bosch said it plans to invest $1.5 billion to retool TSI's chip production facilities in Roseville, California to start producing silicon carbide chips by 2026. Bosch said the TSI facility would become the "third pillar" of in-house semiconductor production, along with two sites in Germany. The silicon carbide chips Bosch said it will manufacture at the TSI Roseville site are increasingly in demand by electric vehicle manufacturers. U.S-based Wolfspeed Inc (WOLF.N) is building new plants to make silicon carbide chips in New York State and in Germany. Bosch plans to acquire the buildings, machines and infrastructure of TSI as well as well as its commercial semiconductor business.
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).
The plan is partly a response to multi-billion-dollar support programmes of China and the United States, including the latter's Inflation Reduction Act. Many EU leaders are concerned that the local content requirements of its $369 billion of green subsidies will encourage companies to relocate, making the United States a leader in green tech at Europe's expense. RESISTANCEThe European Commission is hoping member states will back its plan at a Feb.9-10 summit but huge chunks are likely to be hotly debated among member states. There is also clear opposition from some EU members to previous suggestions that the plan could entail further joint borrowing. The bloc is heavily reliant on China for rare earths and lithium, which are vital materials for the green transition.
BERLIN/FRANKFURT, Feb 1 (Reuters) - German chip supplier ZF and American chipmaker Wolfspeed Inc (WOLF.N) are expected to announce on Wednesday plans to build an electric vehicle (EV) chip plant in the Saarland region, according to three sources close to the matter. The chancellery said the event was related to an industrial policy project in the field of microelectronics but did not provide further details. The project will cost over 2 billion euros ($2.18 billion) and ZF will hold a minority stake, with production to begin in four years, according to German business paper Handelsblatt which previously reported on the plans, citing unidentified sources. A spokesperson for ZF declined to comment, and Wolfspeed was not immediately available for comment. ($1 = 0.9195 euros)Reporting by Andreas Rinke, Victoria Waldersee and Ilona WissenbachOur Standards: The Thomson Reuters Trust Principles.
FRANKFURT, Jan 21 (Reuters) - U.S. power chip maker Wolfspeed Inc (WOLF.N) is planning to build a factory in Germany for more than 2 billion euros ($2.17 billion), Handelsblatt reported on Saturday. The German auto supplier ZF will hold a minority stake, the the business newspaper said, citing unidentified sources familiar with the project. Production should begin in four years at the site in the small southwest German state of Saarland, the report added. A spokesperson for the economics ministry of Saarland declined to comment. ZF declined to comment.
FRANKFURT, Jan 21 (Reuters) - U.S. power chip maker Wolfspeed Inc (WOLF.N) is planning to build a factory in Germany for more than 2 billion euros ($2.17 billion), Handelsblatt reported on Saturday. The German auto supplier ZF will hold a minority stake, the the business newspaper said, citing unidentified sources familiar with the project. Production should begin in four years at the site in the small southwest German state of Saarland, the report added. A spokesperson for the economics ministry of Saarland declined to comment. ZF declined to comment.
Cramer's lightning round: Wolfspeed is not a buy
  + stars: | 2022-09-28 | by ( Krystal Hur | ) www.cnbc.com   time to read: 1 min
Loading chart...Rada Electronic Industries Ltd: "Way too expensive ... I'm sorry, I can't endorse it." Loading chart...Annaly Capital Management Inc: "I'm not going to recommend that stock." Loading chart...Enovix Corp: "I have to say [sell] because It costs too much money." Loading chart...Wolfspeed Inc: "I'm going to tell you not to buy.
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