Wolfspeed Inc of Durham, NC, USA — which makes silicon carbide materials as well as silicon carbide (SiC) and gallium nitride (GaN) power-switching & RF semiconductor devices — has completed the sale of its radio frequency business (Wolfspeed RF) to MACOM Technology Solutions Holdings Inc of Lowell, MA, USA (which designs and makes RF, microwave, analog and mixed-signal and optical semiconductor technologies). Wolfspeed received about $75m in cash (subject to a customary purchase price adjustment) and 711,528 shares of MACOM common stock, worth about $60.8m (based on its closing price on 1 December, as reported on the Nasdaq Global Select Market)… Source: https://www.semiconductor-today.com/news_items/2023/dec/wolfspeed-041223.shtml
