Wolfspeed Shares Plunge Post-CEO Change
This is a news story, published by Yahoo Finance, that relates primarily to Chipmaker news.
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CHIPS Act grantReuters
•Business
Business & Economics
Chipmaker Wolfspeed's shares plunge over 45% to 27-year low

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.
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