Wolfspeed receives conditional $1.5bn loan commitment from US Department of War
Wolfspeed Inc of Durham, NC, USA — which makes silicon carbide (SiC) materials and power semiconductor devices — has received a conditional loan commitment letter from the US Department of War (DoW), through its Office of Strategic Capital (OSC), for up to $1.5bn of long-term (30-year) financing to support the domestic development and production of silicon carbide (SiC) materials and wide-bandgap power devices, with an additional focus on US national security applications...
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