By Toby Sterling, Christoph Steitz and Hakan Ersen AMSTERDAM/FRANKFURT (Reuters) - Wolfspeed has delayed plans to build a $3 billion plant in Germany, highlighting the European Union's struggle to increase semiconductor production and reduce its reliance on Asian chips. The planned plant

By Akash Sriram (Reuters) - Chipmaker Wolfspeed forecast current-quarter revenue below estimates on Wednesday as automakers grapple with high inventory levels due to slower-than-expected EV sales growth. Shares of the company, which counts General Motors and Mercedes-Benz among its customers, fell about

By Chandni Shah (Reuters) - A group of investors led by Apollo Global Management is making a debt investment between $1 billion to $2 billion in chipmaker Wolfspeed to support its expansion in the U.S., media outlets reported on Sunday. The financing

U.S. power chip maker Wolfspeed’s silicon carbide 200mm wafer is seen on display at Wolfspeed’s Mohawk Valley Fab in Marcy, New York, U.S., April 2022. Courtesy of Wolfspeed/Handout via REUTERS By Tom Sims FRANKFURT (Reuters) - U.S. power chip maker Wolfspeed Inc