Biden-Harris Administration Announces Preliminary Terms with …

Oct 15, 2024 · Due in part to these proposed projects, Wolfspeed anticipates achieving a five-fold increase in their silicon carbide device output and a ten-fold increase in 200mm materials …

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Wolfspeed Announces $750m In Proposed Funding From US CHIPS …

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News: Microelectronics 15 October 2024. Wolfspeed announces $750m in proposed funding from US CHIPS Act plus $750m from investment group. The US Department of Commerce and …

semiconductor-today.com

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

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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 …

apnews.com

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Wolfspeed Announces $750M In CHIPS Act Funding - News

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Oct 16, 2024 · The US Department of Commerce and Wolfspeed have signed a non-binding preliminary memorandum of terms (PMT) for up to $750 million in proposed direct funding …

powerelectronicsworld.net

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Wolfspeed To Advance Two Semiconductor Plants With $750M In …

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Oct 15, 2024 · The funding comes from 2022’s CHIPS and Science Act, which set $39 billion to support construction, expansion and modernization of semiconductor chip fabrication plants, …

enr.com

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Wolfspeed Secures $750M In Proposed Funding From U CHIPS Act …

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Oct 17, 2024 · PRESS RELEASE — Today, the U.S. Department of Commerce and Wolfspeed (NYSE: WOLF) announced they have signed a non-binding preliminary memorandum of terms …

theaiinsider.tech

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

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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

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

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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 …

seattletimes.com

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

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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 …

marketscreener.com

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

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Oct 15, 2024 · Wolfspeed has announced a proposed $750 million funding from the U.S. CHIPS Act and an additional $750 million from an investment group led by Apollo. The company also …

stocktitan.net

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

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Oct 15, 2024 · Today, the U.S. Department of Commerce and Wolfspeed (NYSE: WOLF) announced they have signed a non-binding preliminary memorandum of terms (PMT) for up to …

silicon.co.uk

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This Chipmaker Jumps Over 16% After Nvidia Rival Signs $750M …

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Oct 16, 2024 · On Tuesday, Nvidia rival Wolfspeed Inc. (NYSE:WOLF) and the U.S. Department of Commerce signed a preliminary memorandum of terms for up to $750 million in funding …

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

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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 …

yahoo.com

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Chipmaker To Invest In Durham Facility With Help From Federal …

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17 hours ago · In October, the Biden administration announced plans to provide up to $750 million in direct funding to Durham-based Wolfspeed, with the money in part supporting its new silicon …

wral.com

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Wolfspeed Completes $200m At-the-market Equity Offering

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18 hours ago · “We look forward to continued collaboration with the CHIPS office to make sure the transition from silicon to silicon carbide is driven by American innovation, with American IP at …

semiconductor-today.com

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

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Oct 15, 2024 · The U.S. Department of Commerce and Wolfspeed (NYSE: WOLF) announced they have signed a non-binding preliminary memorandum of terms (PMT) for up to $750 …

yolegroup.com

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

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Oct 15, 2024 · Wolfspeed CEO, Gregg Lowe, said, “To reach this milestone under the U.S. CHIPS and Science Act is an incredible achievement in Wolfspeed’s long-term growth …

businesswire.com

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

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Oct 15, 2024 · DURHAM, N.C.–(BUSINESS WIRE)–Today, the U.S. Department of Commerce and Wolfspeed (NYSE: WOLF) announced they have signed a non-binding preliminary …

citybiz.co

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Wolfspeed Raises $200M In Stock Offering, Advances Toward …

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23 hours ago · Wolfspeed (NYSE: WOLF) has completed its previously announced 'at the market' equity offering, selling 27,793,535 shares of common stock for gross proceeds of …

stocktitan.net

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

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23 hours ago · DURHAM, N.C., January 15, 2025--Wolfspeed, Inc. (NYSE: WOLF) announced today that it has completed the offering of shares of its common stock under its previously …

yahoo.com

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

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23 hours ago · Tom Werner, Executive Chairman of Wolfspeed, commented, “When I became Executive Chairman of Wolfspeed, completing our CHIPS Act funding process was a top …

businesswire.com

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

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23 hours ago · Wolfspeed, Inc. (NYSE: WOLF) announced today that it has completed the offering of shares of its common stock under its previously announced “at the market” offering …

marketscreener.com

FAQs about Biden-Harris Administration Announces Preliminary Terms with … Coupon?

Did Nvidia sign a $750m deal with Wolfspeed?

This article This Chipmaker Jumps Over 16% After Nvidia Rival Signs $750M Deal Under Biden's CHIPS And Science Act originally appeared on Benzinga.com On Tuesday, Nvidia rival Wolfspeed Inc. (NYSE:WOLF) and the U.S. Department of Commerce signed a preliminary memorandum of terms for up to $750 million in funding under the CHIPS and Science Act. ...

How much money will Wolfspeed get from a government grant?

In addition to the government grant, a group of investment funds led by Apollo, The Baupost Group, Fidelity Management & Research Company and Capital Group plan to provide an additional $750 million to Wolfspeed, the company said. ...

Who is financing Wolfspeed?

In addition, a consortium of investment funds led by Apollo, The Baupost Group, Fidelity Management & Research Company and Capital Group have agreed to provide Wolfspeed an additional $750 million of new financing. ...

Will Wolfspeed raise $750 million in debt financing?

The PMT includes an obligation for Wolfspeed to raise an aggregate of $750 million in debt financing over three tranches through the issuance of senior notes under an amended and restated indenture. ...

Why did Wolfspeed invest 750 million in North Carolina?

“This $750 million federal investment is a testament to Wolfspeed’s unique leadership in silicon carbide semiconductor manufacturing, and I applaud Wolfspeed’s continued commitment to North Carolina,” said Senator Thom Tillis. ...

Why did Wolfspeed stock rise 16% in pre-market trading?

On Tuesday, Nvidia rival Wolfspeed Inc. (NYSE: WOLF) and the U.S. Department of Commerce signed a preliminary memorandum of terms for up to $750 million in funding under the CHIPS and Science Act. This announcement led to a surge in Wolfspeed’s stock, which rose over 16% in pre-market trading. Check It Out: ...