Apr 24, 2024 - News

The Tea: Investor pushes Wolfspeed to sell

Illustration of a wolf, ram, and bull sitting at a table, having a tea party.

Illustration: Allie Carl/Axios

👀 An activist investor is pushing Durham semiconductor maker Wolfspeed to explore a possible sale after seeing the price of its shares fall this year. (Reuters)

The N.C. Department of Transportation cleared a homeless encampment and 45 tons of debris from an I-40 exit ramp near South Saunders Street in Raleigh. (News & Observer 🔒)

🏢 Dilweg, an office developer in Durham, is transitioning to building apartments instead of offices in Cary's Regency Park, where office vacancy rates have risen significantly. (Triangle Business Journal 🔒)

🏀 Duke basketball legend J.J. Redick will interview for the Charlotte Hornets' open head coach position. (CBS Sports)

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