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Wolfspeed Stock Soars
Wolfspeed Stock Soars 21%. The Chips Act Keeps on Giving.
Wolfspeed stock jumped early Tuesday after the EV chipmaker said it secured new financing and could get even more funding from the U.S. Chips Act. The stock was up 21% to $13.77 in the premarket Tuesday.
Wolfspeed Stock Soars as Semiconductor Maker Gets CHIPS Act, Apollo Financing
Shares of Wolfspeed jumped nearly 25% Tuesday when the maker of high-speed semiconductors reported it could receive as much as $2.5 billion in government and private funding.
Wolfspeed Wins $1.5 Billion Financing From Chips Act, Apollo
Wolfspeed Inc., a manufacturer of chips used primarily in electric vehicles, is in line to win $750 million in US government grants as well as $750 million in financing led by Apollo Global Management Inc.
40m
Three-quarters of $1B headed to North Carolina manufacturer
Silicon carbide power solutions company Wolfspeed, headquartered in North Carolina, has a tentative memorandum of ...
1d
on MSN
NC chipmaker Wolfspeed lands federal CHIPS Act grant to support new Siler City factory
The Durham semicondcutor company could receive up to $750 million in federal funding as it looks to improve its balance sheet ...
Compoundsemiconductor.net
6h
Wolfspeed announces $750M in CHIPS Act funding
The US Department of Commerce and Wolfspeed have signed a non-binding preliminary memorandum of terms (PMT) for up to $750 ...
21h
CHIPS Act funds for Wolfspeed, Intel, Micron accelerate global semiconductor race
Wolfspeed is now in the middle of a global manufacturing race with billions worth of federal grants and tax breaks going to ...
1d
on MSN
Biden admin to provide $750 million to North Carolina-based Wolfspeed for advanced computer chips
The Biden-Harris administration announced plans Tuesday to provide up to $750 million in direct funding to Wolfspeed, with ...
17h
on MSN
Biden Backs Wolfspeed with $750M for Silicon Chip Plan
The $750 million investment kick-starts a $6 billion expansion plan that is expected to create 2,000 jobs in this high tech sector.
1d
CHIPS Act funding puts Wolfspeed in line for billions as it builds North Carolina factory
As Wolfspeed completes its 1,800-job factory in Chatham County, it's now officially in line for major taxpayer dollars.
4h
Wolfspeed CEO on CHIPS grant, Kinetic Automation CEO talks AI: Asking for a Trend
On today's episode of Asking for a Trend, Host Josh Lipton breaks down some of the biggest themes and stories of the trading ...
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