Wolfspeed bills itself as the world's leading manufacturer for silicon carbide computer chips, a material that makes semiconductors more energy-efficient and durable.
The transportation and logistics sector tends to see a lot of mergers and acquisitions because it’s highly fragmented, creating an opportunity for rollup plays.
Carriers from China to the U.S. and Europe were forced to extract the dubious components, leaving jets grounded and racking up millions of dollars in costs.