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Home » Finance » Wolfspeed to Receive $750 Million in U.S. Grants for North Carolina Silicon Carbide Wafer Facility
Finance

Wolfspeed to Receive $750 Million in U.S. Grants for North Carolina Silicon Carbide Wafer Facility

By Michael CarterOctober 16, 20242 Mins Read
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Credit: Wolfspeed
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Wolfspeed is set to receive $750 million in government grants to support the development of its silicon carbide wafer manufacturing plant in North Carolina, the U.S. Commerce Department announced on Tuesday. This funding is part of the broader U.S. semiconductor subsidy program, aimed at bolstering domestic chip production, and helped boost the company’s stock by

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