Wolfspeed Expands 150mm Silicon Carbide Wafer Supply Agreement; Now Worth ~$275M
Portfolio Pulse from Benzinga Newsdesk
Wolfspeed has expanded its 150mm silicon carbide wafer supply agreement, now valued at around $275 million. This expansion underscores the growing demand for silicon carbide in various key industries.
January 31, 2024 | 1:13 pm
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Wolfspeed's expanded supply agreement for silicon carbide wafers, now worth about $275M, indicates strong demand and potential revenue growth.
The expansion of the supply agreement suggests that Wolfspeed is experiencing increased demand for its silicon carbide wafers, which are critical components in various industries. This is likely to be viewed positively by investors, as it indicates potential for revenue growth and market leadership in the semiconductor space. The increased value of the agreement to approximately $275 million also reflects the company's strong positioning and the strategic importance of its products.
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