M&A
confidence high
sentiment positive
materiality 0.75
Wolfspeed completes sale of RF business to MACOM for $75M cash and stock
WOLFSPEED, INC.
- Received $75M cash plus 711,528 shares of MACOM common stock (valued ~$60.8M as of Dec 1, 2023).
- Wolfspeed is now a pure-play silicon carbide semiconductor manufacturer after the divestiture.
- Company continues capacity expansion: Mohawk Valley Fab final build-out and John Palmour Manufacturing Center (JP) construction.
- JP facility in Siler City, NC targets a >10x increase in SiC production capacity from current Durham campus.