As US-based silicon carbide (SiC) giant Wolfspeed reportedly teeters on the brink of bankruptcy amid fierce competition from fast-rising Chinese rivals, China’s largest silicon carbide wafer plant has officially launched production in Wuhan, aiming to supply 30% of the country’s domestic output,...

According to Japanese media outlet Nikkan Kogyo Shimbun, U.S.-based silicon carbide wafer producer Wolfspeed is reportedly moving toward filing for Chapter 11 bankruptcy protection. This development is prompting Japanese firms—including Renesas Electronics, which holds a 10-year supply agreement ...

Facing fierce competition from rapidly expanding Chinese rivals and weak demand in the industrial and automotive markets, Wolfspeed is reportedly preparing to file for bankruptcy within weeks, according to the Wall Street Journal and Reuters. Weighed down by around $6.5 billion in debt, the U.S. ...

In recent weeks, several major tech companies have announced leadership transitions and organizational changes as they navigate evolving market demands and strategic realignments. Below are some of the latest developments: Wolfspeed Appoints New CEO According to ijiwei, citing Reuters, Wolfspe...

Once a rising star alongside AI chips, power semiconductors are now feeling the heat from a sluggish EV market. According to ijiwei, citing Nikkei, major players are slashing jobs and pushing back investments, with layoffs topping 8,800. Power semiconductors, vital for EV range and home appliance...