Biden Backs Wolfspeed with $750M for Silicon Chip Plan

Oct 15, 2024 · The Biden-Harris administration committed up to $750 million in direct funding to Wolfspeed on Tuesday.. Wolfspeed is a North Carolina-based company specializing in silicon …

$750
OFF

Biden Backs Wolfspeed With $750M For Silicon Chip Plan

2 weeks from now

Oct 15, 2024 · The Biden-Harris administration committed up to $750 million in direct funding to Wolfspeed on Tuesday.. Wolfspeed is a North Carolina-based company specializing in silicon …

newsweek.com

$750
OFF

Chipmaker Wolfspeed Secures $750 Million Grant To Boost Silicon …

2 weeks from now

Oct 16, 2024 · Wolfspeed, a leading manufacturer of electric vehicle (EV) chips, has announced that it will receive $750 million in government grants to support its new silicon carbide wafer …

channelchek.com

$750
OFF

Wolfspeed Secures $750m For Massive Silicon Carbide Chip Plant In …

2 weeks from now

Oct 16, 2024 · Semiconductor manufacturer Wolfspeed is the latest chipmaker to receive funding under the US CHIPS and Science Act, receiving up to $750 million to build a new silicon …

capacitymedia.com

$750
OFF

Chip Supplier For GM, Mercedes Qualifies For $750 Million U.S. Grant

2 weeks from now

Oct 15, 2024 · WASHINGTON — Wolfspeed, a chipmaker for General Motors and Mercedes, is set to receive $750 million in government grants for its new North Carolina silicon carbide …

autonews.com

$1
OFF

Wolfspeed Chips Act Funding Set To Boost US EV Chips Production

2 weeks from now

Oct 15, 2024 · Wolfspeed Inc. will get $1.5B to boost operations, including a $750M government grant under the 2022 Chips and Science Act. ... $750 million is in the form of a government …

techresearchonline.com

$750
OFF

NC Chipmaker Wolfspeed Lands Federal CHIPS Act Grant To Support …

2 weeks from now

A $750-million grant through the CHIPS and Science Act will support Wolfspeed’s incoming massive materials factory in Chatham County and its existing fabrication site in New York State.

msn.com

$750
OFF

Wolfspeed Announces $750M In Proposed Funding From U.S.

2 weeks from now

DURHAM, N.C., October 15, 2024--Today, the U.S. Department of Commerce and Wolfspeed (NYSE: WOLF) announced they have signed a non-binding preliminary memorandum of terms …

yahoo.com

$750
OFF

Wolfspeed Secures $750 Million In Federal Funding, Bolstering …

2 weeks from now

Oct 15, 2024 · Mohawk Valley chip maker, Wolfspeed has reached a preliminary funding agreement for $750 million, which unlocks another $750 million in private investment. The …

waer.org

$750
OFF

Biden Admin To Provide $750 Million To North Carolina-Based …

2 weeks from now

Oct 15, 2024 · The Biden-Harris administration announced plans to provide up to $750 million in direct funding to Wolfspeed, with the money supporting its new silicon carbide factory in North …

usnews.com

$1
OFF

EV Chipmaker Wolfspeed Wins $1.5 Billion Financing

2 weeks from now

Oct 15, 2024 · Wolfspeed, a manufacturer of chips used primarily in EVs, is in line to win $750 million in U.S. government grants as well as $750 million in financing led by Apollo Global …

ttnews.com

$750
OFF

Chipmaker Receives $750M From US - LinkedIn

2 weeks from now

A $750-million grant through the CHIPS and Science Act will support Wolfspeed’s incoming massive materials factory in Chatham County (projected $5 billion, 1,800 jobs) and its existing ...

linkedin.com

$750
OFF

Wolfspeed Announces $750M In Proposed Funding From U.S.

2 weeks from now

Oct 15, 2024 · Highlights: U.S. Department of Commerce proposes $750 Million in CHIPS and Science Act funding to support Wolfspeed’s North Carolina expansion and catalyze New York …

nasdaq.com

$750
OFF

Why Triangle Chipmaker Wolfspeed Is Among Most-shorted Stocks …

2 weeks from now

2 days ago · In October, the company received a long-awaited $750 million grant through the federal CHIPS and Science Act to support its Siler City materials factory and New York State …

heraldsun.com

$750
OFF

Wolfspeed Announces $750M In Proposed Funding From U.S

2 weeks from now

Oct 15, 2024 · “This $750 million federal investment is a testament to Wolfspeed’s unique leadership in silicon carbide semiconductor manufacturing, and I applaud Wolfspeed’s …

morningstar.com

FAQs about Biden Backs Wolfspeed with $750M for Silicon Chip Plan Coupon?

Will Wolfspeed boost domestic production of silicon chips?

Durham semiconductor manufacturer Wolfspeed received long-anticipated backing Tuesday from the U.S. Department of Commerce to boost its domestic production of silicon chips. ...

Did Wolfspeed get a chips grant?

Wolfspeed announced Tuesday new private capital to “bolster” its balance sheet; a consortium of investment firms led by Apollo Global Management provided the chipmaker a loan worth another $750 million. The Commerce Department said Wolfspeed would not have received this financing without obtaining a CHIPS grant. ...

Will Wolfspeed get $750 million in government grants?

REUTERS/Thilo Schmuelgen/File … see more WASHINGTON :Wolfspeed is set to receive $750 million in government grants for its new North Carolina silicon carbide wafer manufacturing plant facility, the U.S. Commerce Department said Tuesday, sending the U.S. chipmaker's shares surging more than 30 per cent. ...

How much money does Wolfspeed invest in silicon carbide technology?

Wolfspeed Announces $750M in Proposed Funding from U.S. CHIPS Act and Additional $750M From Investment Group Led By Apollo, Galvanizing Global Leadership in Delivering Next-Generation Silicon Carbide Technology Highlights: ...

How much money will Wolfspeed & Commerce get?

Today, the U.S. Department of Commerce and Wolfspeed announced they have signed a non-binding preliminary memorandum of terms for up to $750 million in proposed direct funding under the CHIPS and Science Act. ...

Who is Wolfspeed?

Wolfspeed is a North Carolina-based company specializing in silicon carbide technology for advanced computer chips. The funding will support Wolfspeed's silicon carbide wafer production at its new facilities in North Carolina and Marcy, New York, part of a broader $6 billion expansion that promises to create 2,000 manufacturing jobs. ...