Wolfspeed Wins $1.5 Billion in Financing From Chips Act, Apollo

By Yahoo! Finance | Oct 15, 2024 at 05:33 AM EST

Wolfspeed Inc., a chip manufacturer for electric vehicles, is set to receive $750 million in US grants and $750 million in financing for factory expansions. The government support aligns with the Chips Act to bring semiconductor manufacturing back to the US.

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