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Biden-Harris Administration Announces Preliminary Terms with Wolfspeed to Solidify U.S. Technological Leadership in Silicon Carbide Manufacturing
October 15, 2024
WASHINGTON, Oct. 15 -- The U.S. Department of Commerce issued the following news release:

Proposed CHIPS Investment of up to $750 Million Would Support Construction of World's Largest Silicon Carbide 200mm Ecosystem and Create Over 5,000 Jobs in North Carolina and New York

Today, the Biden-Harris Administration announced that the U.S. Department of Commerce and Wolfspeed, Inc. have signed a non-binding preliminary memorandum of terms (PMT) to provide up to $750 millio . . .

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