Mon, March 31, 2025
[ Mon, Mar 31st ]: SaltWire
UPEI launches new cleantech master's program
[ Mon, Mar 31st ]: CCN
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[ Mon, Mar 31st ]: Forbes
Mission First: Pharma Should Partner, Not Build, Their AI Solutions
[ Mon, Mar 31st ]: news10nbc
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[ Mon, Mar 31st ]: WRAL
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[ Mon, Mar 31st ]: ExtremeTech
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[ Mon, Mar 31st ]: Newspoint
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[ Mon, Mar 31st ]: SciTechDaily
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[ Mon, Mar 31st ]: BBC
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[ Mon, Mar 31st ]: SHINE
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[ Mon, Mar 31st ]: NDTV
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[ Mon, Mar 31st ]: YourStory
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[ Mon, Mar 31st ]: NextBigFuture
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[ Sun, Mar 30th ]: Fortune
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[ Sun, Mar 30th ]: Sciencing
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[ Sun, Mar 30th ]: Newsweek
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[ Sun, Mar 30th ]: Snopes
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[ Sun, Mar 30th ]: CNN
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[ Sun, Mar 30th ]: Vanguard
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[ Sun, Mar 30th ]: TechCrunch
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Sat, March 29, 2025
[ Sat, Mar 29th ]: MLive
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[ Sat, Mar 29th ]: BusinessMirror
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[ Sat, Mar 29th ]: CNN
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[ Sat, Mar 29th ]: Forbes
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[ Sat, Mar 29th ]: Yahoo
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Fri, March 28, 2025
[ Fri, Mar 28th ]: Investopedia
Wolfspeed Stock Plunges on CHIPS Act Funding Concerns
[ Fri, Mar 28th ]: NextBigFuture
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[ Fri, Mar 28th ]: sanews
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Wolfspeed Stock Plunges on CHIPS Act Funding Concerns

  Copy link into your clipboard //science-technology.news-articles.net/content/2 .. stock-plunges-on-chips-act-funding-concerns.html
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Wolfspeed shares lost nearly half their value Friday as comments by the semiconductor firm's outgoing interim Executive Chairman brought concerns about whether it will secure federal funding for its expansion efforts.
Wolfspeed, a company specializing in silicon carbide chips, experienced a significant drop in its stock price, falling over 18% after it was reported that the company might not receive the expected funding from the CHIPS and Science Act. This act aims to boost domestic semiconductor production in the U.S. The concerns arose after Wolfspeed's CEO, Gregg Lowe, mentioned in an interview that the company had not yet received any funds from the $52 billion allocated for semiconductor manufacturing. This uncertainty about government support, combined with the company's high capital expenditure needs for expanding its production capacity, led investors to sell off shares, reflecting broader market concerns about the sustainability and funding of U.S. semiconductor initiatives.

Read the Full Investopedia Article at:
[ https://www.msn.com/en-us/money/markets/wolfspeed-stock-plunges-on-chips-act-funding-concerns/ar-AA1BR00y ]


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