Wolfspeed’s margins fall further while 200mm SiC device fab ramp-up lags

What happened

Wolfspeed reported FY2023 revenue growth of 24% to $921.9M, driven by strength in materials and power devices. However, the company's margins continued to decline, and the ramp-up of its 200mm SiC device fab is proceeding slower than planned. Bearish: Persistent margin compression and fab ramp delays signal potential future supply constraints and cost pressures for SiC components, which could impact spot market pricing and availability.

Impact and signal

Affected components and suppliers

Source and time

Source: Semiconductor Today · 8/21/2023 · View original source