NuAxiSemiconductor trade intelligence
Wolfspeed’s quarterly revenue grows 20% year-on-year, as design-wins hit a record $2.9bn
What happened
Wolfspeed reported Q2 FY2024 revenue of $208.4M, a 20% YoY increase and above guidance, driven by record design-wins totaling $2.9B. This indicates strong future demand for its SiC materials and devices as these wins convert to production. 利多: The record design-wins signal robust future demand for SiC components, potentially tightening supply for competitors and supporting pricing, though immediate spot market impact is indirect.
Impact and signal
Medium impactImpact score: 58/100
Affected components and suppliers
Silicon Carbide (SiC) MaterialsSiC Power Semiconductors
Wolfspeed Inc
earnings-beatdesign-winsdemand-indicator
Source and time
Source: Semiconductor Today · 2/5/2024 · View original source
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