Reported Earlier: 'ZF Abandons German Semiconductor Plant With Wolfspeed: HB' - Bloomberg Law
Portfolio Pulse from Benzinga Newsdesk
ZF has abandoned its plans to invest €170 million in a semiconductor plant with Wolfspeed in Saarland, Germany. This decision casts doubt on the construction of the €2.75 billion factory.
October 22, 2024 | 2:11 pm
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Wolfspeed's partnership with ZF for a semiconductor plant in Germany has been abandoned, putting the €2.75 billion project in jeopardy.
The abandonment of the investment by ZF significantly impacts Wolfspeed's plans for the semiconductor plant, likely affecting its stock negatively in the short term due to the project's uncertainty.
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IMPORTANCE 80
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