Wolfspeed Expands Usage of Snowflake to Deploy AI Across Operations

MT Newswires Live

02/11

Wolfspeed (WOLF) said Wednesday it is expanding its usage of Snowflake (SNOW) in a bid to boost manufacturing efficiency.

Wolfspeed said that after bringing its factory, supply chain and enterprise data into Snowflake's AI Data Cloud, it is now embedding Snowflake Cortex AI into day-to-day manufacturing and decision-making.

Financial terms were not disclosed.

Wolfspeed shares were 1.6% higher in premarket trading, while Snowflake was up 2.7%.

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