Biden admin to provide $750 million to North Carolina-based Wolfspeed for advanced computer chips
- The Biden-Harris administration plans to provide up to $750 million to Wolfspeed, supporting its silicon carbide factory in North Carolina and another factory in Marcy, New York.
- Wolfspeed's projects will create 2,000 jobs as part of a $6 billion expansion plan and enhance efficiency in computer chips for electric vehicles.
- Wolfspeed expects a total of up to $2.5 billion in funding, with CEO Gregg Lowe noting the U.S. Produces 70% of the world’s silicon carbide.
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Leaning Left7Leaning Right2Center17Last UpdatedBias Distribution65% Center
Bias Distribution
- 65% of the sources are Center
65% Center
L 27%
C 65%
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