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Reuters

Reuters

Business

Business & Economics

Chipmaker Wolfspeed's shares plunge over 45% to 27-year low

Reuters
Summary
Nutrition label

78% Informative

Wolfspeed's shares slumped about 48% on Friday , hitting their lowest since 1998 .

Chipmaker has been grappling with a slowdown in demand from automotive customers, crimped its profitability.

The chipmaker is also waiting on about $750 million in federal funding under the U.S. CHIPS Act.

VR Score

88

Informative language

94

Neutral language

55

Article tone

formal

Language

English

Language complexity

57

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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