Wolfspeed prices private offering of $650m of convertible senior notes

What happened

Wolfspeed priced a $650 million private offering of convertible senior notes, up from an initially announced $500 million. The company is a key supplier of SiC/GaN materials and devices for EVs and industrial markets, and the funds are intended for general corporate purposes, including capacity expansion. 关注: This capital raise reduces near-term liquidity risk for a critical SiC supplier but increases potential future dilution, keeping the supply/demand outlook for SiC wafers unchanged in the short term.

Impact and signal

Affected components and suppliers

Source and time

Source: Semiconductor Today · 2/1/2022 · View original source