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Wolfspeed Wins $1.5 Billion Financing From Chips Act, Apollo

By Yahoo! Finance   |   2 months ago
Wolfspeed Wins $1.5 Billion Financing From Chips Act, Apollo

Wolfspeed Inc. is set to receive $750 million in US government grants and $750 million in financing led by Apollo Global Management Inc. to aid its expansion plans for chip manufacturing used in electric vehicles.

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