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Technology Stocks : Wolf speed
WOLF 21.76-8.4%Nov 4 3:59 PM EST
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To: slacker711 who wrote (10335)10/28/2021 7:32:12 AM
From: slacker7111 Recommendation

Recommended By
UnsafeMargin

   of 10712
 
The single most important comment was that Cree may need to build a 2nd mega fab by the '24/'25 timeframe.

31m mark

"I would envison that even this quantity which we have put in place is maybe not enough and we have to consider to build a 2nd mega fab by '24 '25 timeframe"




During the earnings call, management said that they would consider "opportunistically" raising cash. In my experience, companies don't mention that unless there is a fairly high likelihood of it happening. I think they are preparing for the construction of a 2nd mega fab.

This was mentioned in the spring at a Yole conference (the post I am responding to has the details).




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