Wolfspeed in talks to supply 200mm wafers to major customers, says Roth MKM

Wolfspeed, according to sources at the International Conference on Silicon Carbide and Related Materials, is in final talks to supply 200mm wafers to a few major third-party customers, Roth MKM analyst Craig Irwin tells investors in a research note, adding that the firm expects announcements “shortly.” These agreements could include material up-front cash payments, Roth said. The firm, which made no change to its Buy rating or $25 price target on the shares, says CHIPS act funding looks likely and “probably” before the election.