8 Articles
8 Articles
Wolfspeed (WOLF) Shares Plunge 48%, Hitting Lowest Point Since 1998
Shares of Wolfspeed (WOLF), a prominent player in the semiconductor industry, saw a drastic decline of about 48% on Friday, marking their lowest level since 1998. This sudden slump came on the heels of the announcement that the company had appointed a new CEO, Robert Feurle, to take over on May 1. The leadership change follows a challenging period for Wolfspeed, which has faced increasing difficulties in improving its financial standing. CEO Sha…
Wolfspeed names chip industry veteran Robert Feurle as CEO
Chipmaker Wolfspeed said on Thursday it appointed industry veteran Robert Feurle as its CEO, months after its board ousted former top boss Gregg Lowe. Feurle, who has previously spent a decade in executive roles at Micron Technology, will succeed Thomas Werner effective May 1. Werner will return to his r
The Wolfspeed Roller Coaster: Can Innovative Moves Salvage a Tumbling Stock?
Wolfspeed’s share price plummeted by 58%, reflecting significant financial and strategic challenges. The company forecasts a net loss of $270 million to $295 million, contrasting with the semiconductor industry’s modest 2.5% growth. A leadership transition sees Robert Feurle as the new CEO, signaling strategic shifts amidst investor skepticism. Innovation remains a glimmer of hope, with the introduction of Gen 4 technology promising advancements…
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