Activist investor Jana has 'significant' stake in Wolfspeed, urges semi manufacturer to consider sale

Scott Ostfeld, managing partner and portfolio manager with JANA Partners LLC., speaks during the 13D Monitor's Active-Passive Investor Summit in New York City, U.S., October 17, 2023.Activist investor Jana Partners has a built a "significant" position in semiconductor firm Wolfspeed and is calling on the company to resolve a "staggering erosion of shareholder value," up to and including a sale.The activist disclosed the position in a Monday letter to Wolfspeed's board viewed by CNBC, where it wrote that the ...