Shares of Wolfspeed Inc. (WOLF) soared 5.01% in intraday trading on Friday, outperforming the broader market. The stock's rally came after the U.S. Commerce Department announced a preliminary deal with German auto supplier Bosch for up to $225 million in subsidies to build silicon carbide (SiC) power semiconductors in California.
The news signaled growing government support and investment in the SiC industry, which is crucial for electric vehicles and boosting energy efficiency. SiC chips are key components that utilize less energy and are critical for enhancing the performance and range of electric vehicles.
Wolfspeed, a leading manufacturer of SiC chips, stands to benefit from the rising demand for these semiconductors as the electric vehicle market continues to expand. The company had previously secured a preliminary agreement with the Commerce Department for $750 million in grants for its new SiC wafer manufacturing plant in North Carolina.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。