The shares are down 50%, or $2.71, to $2.68 in midday trading. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today’s best-performing stocks on TipRanks >> Read More on WOLF: Wolfspeed announces steps to strengthen capital, affirms guidance Wolfspeed received $192.1M in cash tax refunds Wolfspeed says dialogue with White House, legislators ‘constructive’ Wolfspeed Crashes 47% on CHIPs Act Uncertainty Wolfspeed weakness continues, shares remain down 47% Disclaimer & DisclosureReport an Issue