Wolfspeed Secures $1.5 Billion in Funding to Propel Silicon Carbide Manufacturing in the U.S.
In a significant development for the semiconductor industry, Wolfspeed, the world’s foremost producer of silicon carbide technology, has announced a groundbreaking funding initiative that will provide up to $1.5 billion for its expansion efforts in North Carolina and New York. The U.S. Department of Commerce has proposed $750 million in direct funding under the CHIPS…