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Wolfspeed暴跌52%,跌至27年新低
半导体行业观察·2025-03-29 01:44

Core Viewpoint - Wolfspeed Inc. is seeking to refinance its $575 million convertible bonds due next year, facing significant stock price declines and operational challenges in its silicon carbide wafer production [1][3]. Group 1: Financial Situation - Wolfspeed's stock price fell to $2.59, marking a nearly 52% drop, the largest single-day decline in its history [1]. - The convertible bonds are currently quoted at approximately 60 cents, the lowest level since 1998, indicating a lack of confidence in the company's ability to convert them into equity unless the stock reaches $47.32 [1]. - The company has not achieved annual profitability in the past decade, which raises concerns about its financial stability [2]. Group 2: Operational Challenges - The production issues stem from supply shortages at one of its major silicon carbide wafer manufacturing plants, leading to reliance on more expensive older facilities [3]. - Wolfspeed's plans to utilize federal funding to accelerate the production of silicon carbide chips for electric vehicles and renewable energy are critical for its future [3]. Group 3: Government Relations and Funding - Wolfspeed signed a temporary agreement with the U.S. Department of Commerce for up to $750 million in funding under the CHIPS and Science Act, which is vital for its operations [2]. - The company is in "constructive" communication with the White House and the Department of Commerce to secure this funding, which is under threat due to political opposition [3][4]. - The company halted a $3 billion semiconductor factory investment in Germany, impacting local supply chain initiatives [4].