Wolfspeed: New Factory Sets Bullish Expectations
@AseiResearch:
Summary WOLF recently opened a $1.2 billion state-backed factory to produce silicon carbide chips. The components produced from the factory will be used in consumer electronics, electric vehicles, and 5G infrastructure. I am bullish on these supercycles so it's only natural to be bullish on this stock as well. jiefeng jiang/iStock via Getty Images $Wolfspeed Inc.(WOLF)$ is a buy with theopeningof a new $1.2 billion state-backed factory in Utica, New York, that will see the company pivot into becoming a pure semiconductor company. The factory will producesilicon carbide chips and will be used in a number of products from electric vehicles, solar power inverters, and in 5G infrastructure. In my view, WOLF's pivot towards making these chips is a smart m