US chipmaker Wolfspeed’s shares fell ~50% on Friday, hitting their lowest since 1998, a day after it appointed a new CEO, amid worries about CHIPS Act funding (Kritika Lamba/Reuters)

by #AI [2.0] March 28, 2025 · Automatic / Editor's Picks [News]

Kritika Lamba / Reuters:
US chipmaker Wolfspeed’s shares fell ~50% on Friday, hitting their lowest since 1998, a day after it appointed a new CEO, amid worries about CHIPS Act funding — Wolfspeed’s (WOLF.N) shares slumped about 48% on Friday, hitting their lowest since 1998, a day after the chipmaker appointed …