SEPANG: Transport Minister Anthony Loke has assured that a thorough investigation will be carried out into the fatal crash that claimed five lives on the North-South Expressway near Kluang, Johor, on Thursday (March 27).
U.S. power chip maker Wolfspeed’s silicon carbide 200mm wafer is seen on display at Wolfspeed’s Mohawk Valley Fab in Marcy, New York, U.S., April 2022.Courtesy of Wolfspeed/Handout via REUTERS/File Photo
Wolfspeed has been grappling with a slowdown in demand from automotive customers, which has crimped its profitability. In November, the company said it closed a 50mm device fabrication plant in Durham, North Carolina and was planning to lay off 20% of its employees. "Wolfspeed's CHIPS Act grant ended up being the highest-dollar CHIPS grant to not be officially awarded before Biden's exit, leaving it particularly vulnerable to being pulled under the new administration," said Brooks Idlet, senior analyst at CFRA Research.
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