Wolfspeed Supply Chain Not Impacted By China Export License Control Of Gallium And Germanium
Portfolio Pulse from Happy Mohamed
Wolfspeed, Inc. (NYSE:WOLF) has confirmed that its supply chain will not be affected by the Chinese Ministry of Commerce's decision to restrict the export of gallium and germanium, effective from August 1, 2023. The company will continue to review its supply chain periodically to ensure its needs are met.
July 17, 2023 | 8:05 pm
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Wolfspeed's supply chain will not be impacted by China's export restrictions on gallium and germanium. This could maintain the company's operational stability and potentially its stock price.
The news directly pertains to Wolfspeed and its supply chain. The company's confirmation that the export restrictions will not impact its operations suggests that there will be no disruption to its business, which could maintain investor confidence and potentially stabilize its stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100