NC chipmaker Wolfspeed lands federal CHIPS Act grant to support …

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.

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NC Chipmaker Wolfspeed Lands Federal CHIPS Act Grant To Support …

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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

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Reps. Foushee, Ross, Nickel Announce $750 Million In Federal …

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DURHAM, NC (October 17, 2024) — Today, Congresswoman Valerie Foushee (NC-04), Congresswoman Deborah Ross (NC-02), and Congressman Wiley Nickel (NC-13) announced …

house.gov

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EV Chipmaker Wolfspeed Set To Receive $750 Million US Chips Grant

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Oct 15, 2024 · WASHINGTON (Reuters) -Wolfspeed is set to receive $750 million in government grants for its new North Carolina silicon carbide wafer manufacturing plant facility, the U.S. …

usnews.com

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Biden Administration Announces $750 Million Investment In North ...

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Oct 15, 2024 · Biden announces $8.5 billion federal investment in Intel computer chip plants 06:53. The Biden-Harris administration announced plans Tuesday to provide up to $750 …

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U.S To Invest $750 Million In North Carolina Chip Company - Fast …

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

fastcompany.com

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

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Oct 15, 2024 · 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 expansion

morningstar.com

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Biden Admin To Provide $750 Million To NC-based Wolfspeed For …

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Oct 15, 2024 · WASHINGTON (AP) — The Biden-Harris administration announced plans Tuesday to provide up to $750 million in direct funding to Wolfspeed, with the money …

wlos.com

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

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Oct 15, 2024 · Wolfspeed's use of silicon carbide enables the computer chips used in electric vehicles and other advanced technologies to be more efficient. The North Carolina-based …

yahoo.com

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Chipmaker Receives $750M From US - LinkedIn

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Chipmaker Wolfspeed is set to receive up to $750 million in direct funding from the U.S. government via the CHIPS Act, officials announced. The money will support projects in New …

linkedin.com

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Wolfspeed, A Maker Of EV Chips, Gets $750 Million In Grants For

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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, …

msn.com

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Wolfspeed CEO On $750M CHIPS Grant, Domestic Chip Production

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Oct 15, 2024 · EV chipmaker Wolfspeed (WOLF) is set to receive a $750 million CHIPS Act grant from the US government. Wolfspeed CEO Gregg A. Lowe, joins Asking for a Trend to discuss …

yahoo.com

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Why North Carolina Chipmaker Wolfspeed Is Among The Most …

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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 device plant. …

msn.com

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EV Chipmaker Wolfspeed Set To Receive $750 Million US Chips Grant

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Oct 15, 2024 · 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 …

reuters.com

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MACOM Will Expand Its Durham Facility After Getting CHIPS Act

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2 days ago · Wolfspeed's manufacturing facility under construction in Chatham County, which could eventually employ 1,800 workers, is in line for $750 million from the CHIPS Act. It also …

axios.com

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Wolfspeed Completes $200 Million At-The-Market Equity Offering

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1 day ago · Except as required under the United States federal securities laws and the rules and regulations of the SEC, Wolfspeed disclaims any intent or obligation to update any forward …

marketscreener.com

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Why North Carolina Chipmaker Wolfspeed Is Among The Most

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1 day 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 …

pressreader.com

FAQs about NC chipmaker Wolfspeed lands federal CHIPS Act grant to support … Coupon?

Will Wolfspeed receive a $750 million chips Act grant?

9 In this article: EV chipmaker Wolfspeed (WOLF) is set to receive a $750 million CHIPS Act grant from the US government. Wolfspeed CEO Gregg A. Lowe, joins Asking for a Trend to discuss the grant and how it will contribute to the company's growth. ...

Will Wolfspeed get $750 million in government grants?

REUTERS/Thilo Schmuelgen/File By David Shepardson and Sameer Manekar WASHINGTON (Reuters) -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%. ...

How will Wolfspeed's new technology grant help Wolfspeed grow?

Wolfspeed CEO Gregg A. Lowe, joins Asking for a Trend to discuss the grant and how it will contribute to the company's growth. Lowe explains that the funding will go toward expanding two of its facilities in North Carolina and New York, and ultimately drive scale, which will "help keep the advantage of this technology in the United States." ...

Does Wolfspeed use silicon carbide?

Wolfspeed’s use of silicon carbide enables the computer chips used in electric vehicles and other advanced technologies to be more efficient. The North Carolina-based company’s two projects are estimated to create 2,000 manufacturing jobs as part of a more than $6 billion expansion plan. ...

Will Wolfspeed expand its silicon carbide manufacturing facility?

Wolfspeed plans to expand its silicon carbide device manufacturing facility in Marcy, New York, and increase its production capacity by nearly 30%. Both projects are part of its previously announced $6 billion capacity expansion plan. ...

How much money will Wolfspeed receive from advanced manufacturing tax credits?

In addition, Wolfspeed expects to receive $1 billion of cash tax refunds from the advanced manufacturing tax credit under the CHIPS and Science Act (section 48D), giving the company, in total, access to up to $2.5 billion of expected capital to support the expansion of silicon carbide manufacturing in the United States. ...