The struggling chipmaker will close multiple facilities and reduce headcount in an effort to save approximately $200 million.

Mizuho has recently reduced Wolfspeed Inc (WOLF) stock to Underperform rating, as announced on October 3, 2024, according to Finviz. Earlier, on August 22, 2024, TD Cowen had reiterated the stock to ...

We recently compiled a list of the 13 AI News You Probably Missed. In this article, we are going to take a look at where ...

Durham semiconductor maker Wolfspeed is cutting 20% of its global workforce — both through layoffs and voluntary exits — ...

The Durham-based company said in a presentation to investors Wednesday that it was planning a 20% reduction in its current ...

Wolfspeed WOLF is scheduled to report first-quarter fiscal 2025 results on Nov. 6. For first-quarter fiscal 2025, non-GAAP ...

Wolfspeed reported challenging Q1’25 results, with revenue below the guided midpoint and a restructuring plan. Read why I am bearish on WOLF stock.

Wolfspeed forecast quarterly revenue below estimates on Wednesday and said it would book $174 million in restructuring ...

For the second quarter of its current fiscal year, Wolfspeed is guiding for sales to come in between $160 million and $200 million. This guidance came in far below the average Wall Street target, ...

The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $16.44, a high ...

Wolfspeed CEO Gregg Lowe said his Durham semiconductor company contacted the CHIPS office the day after the election. It wasn ...

Wolfspeed (NYSE:WOLF – Free Report) had its price objective cut by Susquehanna from $16.00 to $11.00 in a report issued on ...