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Wolfspeed ousts CEO Gregg Lowe as electric vehicle demand slows and faces other challenges.
Wolfspeed, a silicon carbide semiconductor manufacturer, has ousted CEO Gregg Lowe amid slowing demand for electric vehicles and other challenges, including manufacturing issues and declining orders.
The company's shares have fallen 85% this year but rose 6% after the CEO's departure was announced.
Board Chairman Thomas Werner will serve as interim Executive Chairman while a search for a new CEO is conducted.
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Wolfspeed expulsa al CEO Gregg Lowe como la demanda de vehículos eléctricos se ralentiza y enfrenta otros retos.