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.

November 18, 2024
12 Articles

Further Reading