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Why Silicon Carbide Stocks Wolfspeed, STMicroelectronics, and Allegro MicroSystems Plunged This Week

Why Silicon Carbide Stocks Wolfspeed, STMicroelectronics, and Allegro MicroSystems Plunged This Week

The silicon carbide manufacturers took a dip after Wolfspeed reported difficulties ramping up production on its earnings release, and STM also acknowledged challenges with next-gen SiC production.