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Where is Wolfspeed wafers made?

Wolfspeed's new 2 million-square foot multi-billion dollar silicon carbide wafer factory in Chatham County, North Carolina, was announced in 2022. Wafers are used for making chips. Earlier this year, the company said it was confident it would deliver wafers from the facility by summer 2025 for its own chip manufacturing needs.

Will Wolfspeed expand its silicon carbide manufacturing facility?

Wolfspeed plans to expand its silicon carbide device manufacturing facility in Marcy, New York, and increase its production capacity by nearly 30%. Both projects are part of its previously announced $6 billion capacity expansion plan.

Will Wolfspeed get $750 million in government grants?

REUTERS/Thilo Schmuelgen/File By David Shepardson and Sameer Manekar WASHINGTON (Reuters) -Wolfspeed is set to receive $750 million in government grants for its new North Carolina silicon carbide wafer manufacturing plant facility, the U.S. Commerce Department said Tuesday, sending the U.S. chipmaker's shares surging more than 30%.

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