The U.S. Department of Commerce and an investment group led by Apollo Global Management have proposed providing Wolfspeed up to $1.5 billion as part of a push by the U.S. government to help fund semiconductor manufacturing domestically.
Wolfspeed in line to receive $1.5 billion through CHIPS Act, private group for US expansion
Proposed funds to be used to support domestic production of chemical compound used in EVs, data centers
CoStar Analytics
October 15, 2024 | 8:12 P.M.
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