silicon carbide

Gree Electric faces investor scrutiny over its chip business, despite significant R&D spending. Concerns arose from comparing Gree’s chip subsidiary’s small registered workforce to industry peers. Gree responded, stating its chip team nears 1,000 employees and clarified previous data discrepancies. Gree entered the chip domain in 2015, focusing on MCUs, smart home chips, power devices, and silicon carbide wafer manufacturing. Chairwoman Dong Mingzhu defended the company’s chip venture as a strategic move towards self-reliance and potentially providing semiconductor solutions to others.

U.S. silicon carbide chipmaker Wolfspeed plans to file for Chapter 11 bankruptcy within weeks amid $5.3B debt struggles, regulatory filings show. After rejecting creditor proposals, the majority-backed bankruptcy aims to restructure obligations while maintaining operations. Shares plunged 60% post-announcement, exacerbating months of instability marked by leadership changes, 1,180 layoffs, and facility closures. Wolfspeed’s 2026 revenue projection of $850M trails analysts’ $958.7M forecast. The Durham-based firm, once a pioneer in EV/5G wafer tech, may attract acquisition bids despite debt hurdles. Its collapse risks disrupting silicon carbide supply chains and U.S. semiconductor self-sufficiency goals.