🌍✨ Wolfspeed gets conditional commitment for up to $1.5 billion US Department of War loan
Why we’re watching: Wolfspeed has received a conditional US Department of War (DoW) commitment for up to $1.5 billion in 30-year financing to support domestic development and production of silicon carbide (SiC) materials and wide bandgap power devices.
The financing is intended to advance DoW initiatives, including upgrading Wolfspeed’s gallium nitride (GaN) epitaxy capabilities for communications infrastructure and electronic warfare systems and developing radiation-hardening capabilities for its curre… 💚
It would also support a multi-year program that includes establishing, expanding or onshoring domestic production capabilities for low-voltage or high-voltage GaN power devices, or both.
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🔭 What to watch next
- 📌 Key signal: Wolfspeed has received a conditional US Department of War (DoW) commitment for up to $1.5 billion in 30-year financing to support domestic…
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Reporting curated for GreenTV. Original reporting via Charged EVs.