Chipmaker Wolfspeed’s shares plunge over 45% to 27-year low
Wolfspeed’s shares slumped about 48% on Friday, hitting their lowest since 1998, a day after the chipmaker appointed a new CEO amid its struggles to improve its financial position. The company on Thursday named chip industry veteran Robert Feurle as its chief executive effective May 1, after it ousted top boss Gregg Lowe without cause…