Wolfspeed Secures $750M for New Facility
Wolfspeed, Inc., an American developer and manufacturer of wide-bandgap semiconductors, is set to receive up to $750 million in federal funding to construct a new facility in Siler City.
The Durham-based manufacturer was approved for funding through the CHIPS and Science Act as the facility will provide space for silicon carbide (SiC) wafer manufacturing. The facility will help to create over 5,000 new jobs including 2,000 in manufacturing and 3,000 in construction.
Wolfspeed is focused on developing SiC technology to create a more sustainable future without compromising on innovation. Their existing portfolio ranges from power devices like MOSFETs, Diodes, and Modules to material products like Substrates and Epitaxial layers.
“North Carolina is leading the way in semiconductor manufacturing, and I’m proud to have worked alongside Reps. Ross and Foushee to support Wolfspeed’s defense appropriations requests over the past two years,” Rep. Wiley Nickel said in a statement. “This funding will not only strengthen our national security by reducing reliance on foreign supply chains, but it will also bring thousands of good-paying jobs to our state and help support working families.”
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