Key Summary: On April 23, 2024, Jana Partners urged the company to explore ways to increase shareholder value, potentially including a sale.Market Cap: $3 billion | Wolfspeed, Inc. operates as a powerhouse semiconductor company focuses on silicon carbide and gallium nitride (GaN) technologies in Europe, Hong Kong, China, rest of Asia-Pacific, the United States, and internationally.
On April 23, 2024, Jana Partners urged the company to explore ways to increase shareholder value, potentially including a sale. Jana insisted on a thorough review of strategic options to enhance the company's performance. Source
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