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DURHAM, N.C. - Wolfspeed, Inc. (NYSE: WOLF), a leader in silicon carbide technology with a market capitalization of $45.81 billion, has announced the appointment of Robert Feurle as its new Chief Executive Officer, effective May 1, 2025. Feurle will take over from Thomas Werner, who has been serving as interim Executive Chairman and will resume his role as Chairman of the Board after the transition.
Feurle’s extensive experience spans over two decades in the semiconductor industry, where he has led global organizations and managed strategic initiatives aimed at driving operational excellence and revenue growth. His previous roles include Executive Vice President and General Manager at ams-OSRAM AG and leadership positions at Infineon Technologies, Micron Technology, Qimonda, and Siemens.
The company expressed confidence in Feurle’s ability to lead Wolfspeed through its next phase, citing his track record in operational improvements and profitability enhancements. Feurle’s familiarity with the silicon carbide industry and his previous tenure in executive roles in the United States position him as a strategic choice to further Wolfspeed’s market leadership.
Feurle joins Wolfspeed at a pivotal time as the company focuses on improving financial performance and accelerating its path to positive free cash flow. According to InvestingPro analysis, the company maintains a GOOD financial health score, with liquid assets exceeding short-term obligations and a healthy current ratio of 1.98. He emphasized his commitment to working closely with the Board and Wolfspeed’s team to deliver value to stakeholders.
Wolfspeed specializes in the development and adoption of silicon carbide technologies used in a range of applications, including power modules, discrete power devices, and power die products. The company aims to leverage its facilities, talent, and intellectual property to maintain and expand its market position.
This announcement is based on a press release statement from Wolfspeed, Inc. The company’s forward-looking statements involve risks and uncertainties that could affect actual results, including global economic conditions, market demand, expansion plans, and the ability to secure additional funding and achieve profitability.
In other recent news, Infineon Technologies AG reported a first-quarter fiscal year 2025 revenue of EUR 3.42 billion, marking an 8% year-over-year decrease due to softer demand across most segments. Despite this decline, Infineon upgraded its full fiscal year 2025 outlook, now expecting revenue to be flat or slightly increase, driven by demand in AI-related products. In a strategic move, SkyWater Technology has agreed to acquire Infineon’s 200 mm fabrication facility in Austin, Texas, which includes a long-term supply agreement to maintain Infineon’s U.S. manufacturing presence. This acquisition is expected to enhance the facility’s utilization and preserve nearly 1,000 jobs.
Analysts have shown optimism towards Infineon’s prospects, with several firms adjusting their price targets. TD Cowen reiterated a Buy rating with a target of EUR 42.00, citing Infineon’s strategic positioning and product offerings. CFRA increased its price target to EUR 41.00, maintaining a Buy rating due to Infineon’s strong market position in semiconductors. Citi raised its target to EUR 43.00, also keeping a Buy rating, highlighting Infineon’s potential to outperform peers. BofA Securities further lifted its price target to EUR 44.00, emphasizing expected growth in AI servers and microcontroller units as key drivers. These developments underscore Infineon’s strategic moves and analyst confidence in its future performance.
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