DURHAM - Breaking a media silence since China announced export restrictions of materials crucial to Wolfspeed's production of radio frequency devices, the Durham-based semiconductor giant says its supply chain won't be affected. The company (NYSE: WOLF) issued a statement after the markets closed on Monday. Said Wolfspeed: “Following an internal review, the company has confirmed
Wolfspeed has landed a big semiconductor contract that not only covers 10 years but also provides a $2 billion cash infusion to the company which needs billions for its expansion plans.