Wolfspeed Announces Key Milestones And Operational Update; Mohawk Valley 200mm Silicon Carbide Fab Reaches 20% Utilization, Achieves LEED Certification
Portfolio Pulse from Benzinga Newsdesk
Wolfspeed, Inc. (NYSE: WOLF) announced key milestones and an operational update. The Mohawk Valley 200mm Silicon Carbide Fab has reached 20% utilization and achieved LEED certification. The company also reported a temporary impact from an equipment incident at its Durham 150mm Device Fab.
June 24, 2024 | 8:06 pm
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Wolfspeed's Mohawk Valley 200mm Silicon Carbide Fab has reached 20% utilization and achieved LEED certification. The company also reported a temporary impact from an equipment incident at its Durham 150mm Device Fab.
The achievement of 20% utilization and LEED certification at the Mohawk Valley Fab is a positive development, indicating progress in meeting demand for silicon carbide power devices. However, the temporary impact from the equipment incident at the Durham Fab may cause short-term operational disruptions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100