U.S. Department of War commits $1.5 billion loan to Wolfspeed for semiconductor production.

Wolfspeed, Inc. secured a conditional loan commitment of up to $1.5 billion from the U.S. Department of War. This funding aims to bolster domestic production of silicon carbide materials and wide bandgap power devices. The initiative seeks to strengthen the U.S. national security industrial base and enhance gallium nitride capabilities for advanced communications and electronic warfare systems.