Wolfspeed Forecasts Q1 Revenue Miss
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WolfspeedReuters
•Wolfspeed forecasts weak first-quarter revenue on manufacturing issues
81% Informative
Wolfspeed forecast first-quarter revenue below estimates.
CEO Gregg Lowe said company continues to see strong growth from its New York -based chip fabrication facility.
Wolfspeed had said it faced issues with equipment at its Durham -based 150-mm chip fabrication plant.
Company counts General Motors and Mercedes-Benz among its customers.
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