US reaches preliminary deal with Bosch for $225 million in chip grants

The U.S. Commerce Department has reached a $225 million deal with Bosch for silicon carbide chip production in California, enhancing electric vehicle efficiency and supporting U.S. semiconductor manufacturing.

Mersen delays targets by two years on weak materials demand for EVs

Mersen has delayed its financial targets to 2029 due to slowdowns in the electric vehicle and silicon carbide markets, citing challenges ahead for the semiconductor industry.

Wolfspeed ousts CEO Gregg Lowe as slowing EV sales hit growth

Chipmaker Wolfspeed projects revenue below estimates on weak auto demand, shares sink

Wolfspeed forecasts lower quarterly revenue due to restructuring costs amid declining demand for automotive chips, leading to a 15% share drop and plans for factory closures.

Wolfspeed has responsibility for German chip plant project, ZF says

Wolfspeed will lead the microchip manufacturing project in Germany, as ZF plans to withdraw but confirms it has supported the initiative actively.

Wolfspeed shares drop after Mizuho downgrade to sell

Levi Strauss, Tesla, Stellantis fall premarket; EQT Corporation rises

US stock futures decline ahead of jobs report; notable movers include Levi Strauss, Tesla, Hims Hers Health, Stellantis, Amazon, Wolfspeed, and EQT Corporation.