The leading US silicon carbide wafer company Wolfspeed is about to file for bankruptcy. Its market capitalization once reached as high as $16.5 billion.

The leading US silicon carbide wafer company Wolfspeed is about to file for bankruptcy. Its market value once reached as high as $16.5 billion

via cnBeta.COM Chinese Industry Information Station - Telegram Channel

Telegraph
The leading US silicon carbide wafer company Wolfspeed is about to file for bankruptcy. Its market value once reached as high as $16.5 billion

The leading US silicon carbide wafer company Wolfspeed is about to file for bankruptcy. Its market value once reached as high as $16.5 billion. Until the rise of Chinese counterparts, Wolfspeed's good days came to an end. Chinese silicon carbide companies, with their mature manufacturing industry chains, put Wolfspeed in an embarrassing situation of technological lag and high costs, and ultimately it lost in the market. The downfall of Wolfspeed is, to some extent, a microcosm. The rise history of the global silicon carbide pioneer, with a market value once reaching 120 billion. This was originally a startup myth full of Silicon Valley colors. It dates back to 1987. In a restaurant next to North Carolina State University in the US, five graduates of the school and another young man jointly founded the predecessor of Wolfspeed - Cree. When...